Canadian Retailer - Store 2017 - 7

RETAIL CURRENTS

RETAIL ORGANIZED CRIME
CONTINUES TO HURT INDUSTRY
According to statistics from Calgary
police, retail organized crime costs Canadians an estimated $4 billion a year.

87%

Percentage of
independent retail
stores that are
victim to this kind
of crime, while two
out of every five
thefts involve some
form of violence.

AVERAGE COST OF ROBBERIES
DOWN IN U.S.
In the most recent National Retail Security Survey released by the National Retail
Federation, it's reported that the average
cost of robberies at U.S. retail locations
were down in 2016.

Average cost to retailers per robbery,
down from $8,170.17 in 2015, but double
the average of $2,464.50 in 2014.

CALENDAR
Loss Prevention 2017

Tuesday, September 19, 2017
International Centre, Mississauga, ON

FRAUD COSTS EVERYONE
Fraud is a crime that threatens
every Canadian, regardless
of their education, age or
income. From January 2014 to
December 2016, it is estimated
that Canadians lost over $290
million to fraudsters.
Scam artists continue to
use traditional techniques
by telephone, emails and in
person, but have also latched on to social media platforms
to target a new demographic: millennials and generation
z. Despite being tech-savvy, this demographic has such a
strong presence on social media that they have become
natural targets for fraudsters.
Unfortunately, fraudsters continue to target seniors, and it is
estimated that from January 2014 to December 2016, Canadians
age 60 to 79 lost almost $28 million to various scams.
UNDERSTANDING THE SHOPLIFTER
Shoplifting poses a number of negative results, costing the
retailer and its customers, overburdening the
police and the courts, requiring greater security
at retail establishments, and ultimately costing
communities lost dollars in sales taxes.
Understanding the shoplifter, however, might
help curb the behaviour and subsequent effects.
75% of shoplifters are adults.
Approximately 25% are kids. 55%
of adult shoplifters say they started
shoplifting in their teens.

Fall Edition: RCC's Retail
Conditions Report

3% - Approximately 3% of shoplifters
are "professionals" who steal solely for
resale or profit as a business.

Wednesday, September 27, 2017
Online webinar

2 in 1 - Many shoplifters buy and
steal merchandise in the same visit.
Shoplifters commonly steal from $2 to
$200 per incident depending upon the
type of store and item(s) chosen.

[MEMBERS ONLY]

Leaders in Retail Breakfast Series:
Michael Medline, Sobeys

Thursday, October 5, 2017
International Centre, Mississauga, ON
Retail West 2017

Thursday, October 12, 2017
Pan Pacific Hotel, Vancouver, BC
Leaders in Retail Breakfast Series:
Mike Motz, Shoppers Drug Mart

Thursday, November 9, 2017
International Centre, Mississauga, ON
For more information concerning RCC
and other industry events, visit www.
retailcouncil.org/events.

www.retailcouncil.org/cdnretailer

Source: National Association for
Shoplifting Prevention

FLAT TO MODEST INCREASES FOR U.S. LOSS
PREVENTION BUDGETS
According to the National Retail Federation's recent National
Retail Security Survey, nearly 65% of U.S. retailers say their
investment in loss prevention and security over the coming
year will remain flat to modest.
33.3% Percentage of retailers who say their LP budgets will remain
flat, with 30.2% increasing somewhat, 23.8% decreasing somewhat,
7.9% decreasing significantly and 4.8% increasing significantly.
THE LOSS PREVENTION ISSUE

| CANADIAN RETAILER | 7
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Table of Contents for the Digital Edition of Canadian Retailer - Store 2017
