By the Stats: Shoplifters, Dishonest Employees Continue to Erode Retail Profits
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¥ Only 2.7 percent of retail losses in 2004 resulted in recovery.
¥ For every $1 recovered, $36.47 was lost to retail theft.
¥ Total dollar recoveries from apprehended shoplifters and dishonest employees in 2004 exceeded $112 million, an increase of 3.3 percent from 2003.
¥ One in about 28 employees was apprehended for theft from their employer (based on 1.7 million employees).
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- Jack L. Hayes International
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