We asked 300 retail managers about theft. Here’s what we learned.
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Over the past year, we’ve seen a worrying increase in retail theft, and the stories we’re hearing from frontlines keep getting worse. Case in point: in April, our own research found that 50% of retail associates have witnessed a theft. Today, this number has increased to 70%. The rise in retail theft is concerning for a number of reasons, from personal safety to the financial drain for retailers, to the tune of $95 billion in losses in 2022, according to the National Retail Federation.??
We’re always looking to learn more about theft prevention strategies. To explore the current state of retail theft, organized retail crime and retail violence further, we polled 300 retail managers. Here’s a first look at what we learned:?
Theft and customer violence are increasingly urgent issues in the retail industry, with many frontline managers and staff reporting increases even in the past month
Outside of individual customer theft and violence, retailers are also experiencing an increase in organized retail crime (ORC) as well as theft from regular and seasonal workers, despite enforcing zero-tolerance policies
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… And all of this is taking a toll on frontline workers, which in turn puts a strain on managers
To combat this growing trend, retailers are implementing new preventative operational policies and procedures, many of which impact the customer experience??
Despite the urgency of growing theft instances, managers remain confident in their staff’s ability to handle and report instances of theft, because they are prioritizing training
Axonify surveyed 300 retail frontline managers above the age of 18 in the U.S. using the online insights platform Pollfish. This survey was completed the week of October 16, 2023.