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UK’s Shoplifting Crisis Costs Food Retailer Co-Op £40 Million
One of Britain’s best-known food retailers has reported a sharp jump in the cost of theft from its stores as the country struggles with widespread shoplifting.
Co-op sees cost of shoplifting surge by nearly a fifth
The member-owned mutual has spent £18 million so far this year on measures to help protect staff in its food business.
Co-op food boss: Monetary cost of shoplifting ‘small’ compared to staff impact
Co-op managing director of food Matt Hood has insisted the monetary cost of shoplifting pales compared to its impacts on staff members.
Co-op unveils £40m hit from shoplifting surge
Co-op has revealed a £40m hit from shoplifting in the first half of the year as it said criminals were becoming “more brazen” in its stores. The retailer said that costs incurred from theft were up 19pc in the first six months of the financial year,
Co-op reveals cost of shoplifting surges by nearly a fifth
Co-op reveals cost of shoplifting surges by nearly a fifth - The member-owned mutual has spent £18 million so far this year on measures to help protect staff in its food business.
Co-op returns to profit despite hit from rising wages and shoplifting
The retail-to-funerals business reported pre-tax profits of £58 million for the first six months of 2024, against losses of £33 million a year ago.
Jersey Evening Post
2h
‘I’ve seen it all’, says manager of Co-op store blighted by shoplifting
Co-op store manager David Brook said it has become “demoralising” after seeing soaring levels of shoplifting in recent years, ...
Deccan Herald
6h
UK’s shoplifting crisis costs food retailer co-op $52.9 mn
One of Britain’s best-known food retailers has reported a sharp jump in the cost of theft from its stores as the country ...
The News Letter
3h
Silent Crime: Opportunistic shoplifting on the wane at Northern Ireland Shopping Centre hanks to increased security
Northern Ireland Tower Centre Manager Carleen Smyth says shoplifting trends have decreased for their centre in the last year ...
5h
on MSN
UK's Co-op reports profit as quick commerce growth offsets shoplifting losses
Co-op Group, which owns Britain's seventh-biggest supermarket chain, swung to profit in the first half of the year as growth in membership and its quick commerce business offset cost inflation and ...
4d
Shoplifter racks up her 171st conviction – but what’s fuelling UK’s theft epidemic?
This month Tanya Liddle, who has been dubbed Britain’s most prolific shoplifter, was convicted for the 171st time. The ...
10d
on MSN
UK crime prevention minister not spared as she has purse stolen amid theft, shoplifting surge
The UK policing and crime minister had her purse snatched this week at a police conference as she was talking about an ...
Telecoms
2h
Tackling the UK smartphone snatch theft epidemic
Telecoms.com periodically invites expert third parties to share their views on the industry’s most pressing issues. In this ...
2h
on MSN
‘I’ve seen it all’ says manager of Leeds Co-op store blighted by 'soaring levels' of shoplifting
A Leeds Co-op store manager David Brook said it has become "demoralising" after seeing soaring levels of shoplifting in ...
The News Letter
3h
Silent Crime: Opportunistic shoplifting on the wane at Northern Ireland Shopping Centre thanks to increased security
Northern Ireland Tower Centre Manager Carleen Smyth says shoplifting trends have decreased for their centre in the last year ...
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