Retail crime news and archive

Over quarter of a million pounds worth of stock stolen from Break Archive store

Resale company Break Archive has reported what is now its second break in, this time at its London showroom where around 350,000 pounds of stock was stolen. A total of 120 luxury vintage bags from brands including Louis Vuitton, Chanel and Gucci were among the products taken from the retailer’s store in Mayfair on Monday night. Speaking to ITV...

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Retailers should regularly review cyber controls as threat of attack increases

In view of recent cyber attacks on British department store Harrods, apparel retailer Marks & Spencer and others, audit, tax and consulting firm RSM UK is advising retailers to regularly review their cyber risk controls to ensure “they are as robust as possible”. “Retailers are already navigating a difficult trading environment shaped by fragile...

Retail

Retail crime ‘spiralling out of control’ says BRC

New figures from the British Retail Consortium’s (BRC) Annual Crime Survey have brought forth increased concern about the levels of retail violence and abuse in the UK, with the organisation’s chief executive, Helen Dickinson, stating that the situation is “spiralling out of control”. According to the survey, incidents of violence and abuse over...

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Retail

California strengthens retail crime laws in boost for fashion retailers

California has enacted sweeping legislation to combat retail theft, introducing measures that could provide significant relief for fashion retailers operating in the state. The comprehensive package, which took effect January 1st, represents the most substantial reform of its kind in the state's modern history. Key provisions include the ability...

Retail

NRF: Shoplifting figures see sharp increase on pre-Covid levels

A new report by the US’ National Retail Federation (NRF) has documented a concerning increase in shoplifting incidents in 2023 compared to that of pre-Covid levels. According to the organisation’s ‘The Impact of Retail Theft & Violence 2024’ study, there was a 93 percent increase in the average number of reported shoplifting incidents last year...

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Retail

BRC: UK retail crime rises to 1,300 incidents a day

A new report by the British Retail Consortium (BRC) has shown that the number of incidents of violence and abuse against retail workers in the UK has risen to 1,300 a day. This reflected a 50 percent increase in the levels of retail violence, the organisation’s research noted, which covered the course of 2022 to 2023. Next to this, the cost of...

Retail

UK retailers call for widespread adoption of Scottish retail protection laws

Following a significant uptick in retail theft and crime, UK retailers are now calling on the rest of the region to more widely adopt laws to protect retail workers akin to those that have already been put into place in Scotland. The Protection of Workers Act was brought into force by Daniel Johnson, of Scottish Labour, and created a new...

Retail

Is the retail industry entering a pandemic of shoplifting?

Retail sales in September declined by 0.9 percent, while shoplifting incidents surged, with reported offenses spiking by 25 percent in the past year, totaling eight million incidents. The British Retail Consortium reported losses amounting to 1 billion pounds due to this trend. Over the year leading to June, the police recorded 365,164...

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Retail

Project Pegasus: John Lewis and Next among those joining crackdown on shoplifting

As the UK continues to battle on through its cost-of-living crisis, an increasingly prominent offset of the financial crunch has become front of mind for many retailers in the region. Shoplifting and retail theft is up 27 percent across 10 of the largest cities in the UK, according to the British Retail Consortium (BRC), which had been calling...