Skip to content
Monday 10 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,872.18
-0.27%
DAX
26,373.28
+0.20%
CAC 40
8,697.47
-0.20%
STOXX 50
6,533.09
+0.14%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 19 October 2005 11:11 am  |  Updated:  Friday 08 October 2021 11:18 am

Theft costs shopkeepers £2.13bn

By: Morning Wire Reporter

Add as a preferred source on Google

Shoplifting and violence against shop workers reached new heights last year as store chiefs picked up a £2.13bn bill for retail crime.


According to the British Retail Consortium’s annual crime survey, customer theft alone cost the retail sector £589m, a staggering 44 per cent increase from 2003. The value of losses blamed on staff also nearly doubled from £282m to £498m.

BRC director general Kevin Hawkins said the decision to issue shoplifters with £80 fines had put the crime on a “level with a parking offence. This has sent out a signal to criminals that retail crime is not taken seriously”.

Despite the fact that retailers spent £710m on crime prevention in their stores last year, the number of thefts per 100 outlets increased by 18 per cent to 3,385. Since 2000 the number of incidents has increased by nearly 50 per cent. Offenders who steal goods worth up to £200 are given a fixed penalty notice of £80.

The BRC said that incidents of verbal abuse also increased by more than a third in 2004 with acts of physical violence up 14 per cent, a continuing trend since 2000. Threatening behaviour is more prolific around the sale of cigarettes and lottery and child travel tickets where shoppers are required to prove their age.

Hawkins said that the increase in violent crime was “no doubt linked to the growing incidence of yobbish behaviour” as well as drug abuse.

Crime and crime prevention measures cost retailers a total of £2.13bn in 2004, up 9 per cent from 2003. Losses from crime by value in 2004 were virtually the same as in 2000 but significantly higher than in 2003, although the number of burglaries, till snatches and robberies had fallen. In London the west central area, including Holborn, Strand and Neal’s Yard, is a hot spot for shoplifting and plastic card fraud. Over the last five years retailer have spent £3.5bn on crime prevention.

Read more

Policing alone won’t solve London’s shoplifting epidemic

Shoplifting incident in retail store with security camera footage showing suspect concealing merchandise in jacket

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Trending Articles

  • Back to basics: Sainsbury’s gradual retreat from the British high street

  • Thames Water faces fresh threat to survival after pensions regulation breach

  • Hargreaves Lansdown orders staff back to office

  • PwC’s Embankment HQ to get major makeover ahead of Canary Wharf move

  • FTSE 100 Live: Stocks drop as US-Iran peace stalls; Oil climbs higher

More from Morning Wire

  • Policing alone won’t solve London’s shoplifting epidemic

    Opinion
    Shoplifting incident in retail store with security camera footage showing suspect concealing merchandise in jacket
  • Santander Financial Crime Transformation Leader Joins ThetaRay to Drive Enterprise AI Adoption

    Business Wire
  • Wise denied US banking licence in blow to expansion plans

    Banking
    Wise outlined plans to shift its primary listing to the US in June.
  • From crown jewel to €180m courtroom battle: The investor revolt targeting Atos

    Markets
    Atos logo prominently displayed on a modern office building, highlighting its corporate presence and technological expertise.
  • Retailers urge Burnham to slash tax and back youth employment

    Retail
    Burnham cityscape at sunset with historic buildings and bustling streets, highlighting the vibrant urban landscape
  • New CultureLab Findings Show Culturally Relevant Brands Worth Nearly Three Times More

    Business Wire
  • Barclays, HSBC, Lloyds, and NatWest among the first banks in the world to adopt new Swift framework for enhanced international consumer payments

    Business Wire
  • Can a team of retail veterans solve Argos’ catalogue of woes?

    Retail
    Argos storefront showcasing the latest product displays and promotional banners in a bustling city center location
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook