Business · Companies · 3 hrs ago

Spanish retailers lose €8 million a day to theft and other losses

Spanish retailers lose €8 million a day to theft and other losses

Spanish retailers lose about €8 million a day to theft and other losses, including administrative errors and supplier fraud.

The latest industry barometer puts annual losses at €2.93 billion, up 4% on the previous year and equal to 1.1% of retail sales.

Shoplifting accounts for 81% of the losses, which the barometer says can reduce businesses’ ability to invest and create jobs.

Among the most commonly stolen goods are wine and spirits, razor blades, headphones, clothing and pet food.

Customers are blamed for 63% of losses, and two-thirds of retailers say self-checkouts see more theft than staffed checkouts.

Nearly half of reported thefts involve repeat offenders, while 46% are attributed to organised groups that steal goods for resale.

Retailers say aggression toward staff has increased, and all those surveyed use cameras, alarms and anti-theft systems.

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