These Are The Biggest Retail Thieves In Europe

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Photo: carbonnyc via Flickr

According to the annually published Global Retail Theft Barometer, Europe has seen an increase in theft of 7.8 per cent over the past year. The survey, derived from questioning shop owners in each respective country, calculates the “shrinkage” within the retail industry. Shrinkage in this case, refers to the monetary value of goods that are stolen from or lost by retailers through a variety of avenues. 

Shrinkage is caused by two main factors: shoplifting and dishonest employees. Internal administrative errors and fraud on the part of suppliers also play their part. 

Interestingly, one conclusion that the study made was that while dishonest employees were the main cause of shrinkage in North and South America, the main source of shrinkage in Europe was shoplifting

Overall, India has the top shrinkage value in the world. The top European nation is in second place globally. 

We’ve ranked our countries according to what percentage of total sales shrinkage accounts for. We’ve also provided how much retail-related crime cost the industry in each nation during the past year while showing how much damage shop-lifters did to the industry in each country.

NB: For some reason the survey grouped the Baltic States together. It also provided joint figures for Belgium and Luxembourg. 

#20 Denmark

Shrinkage as percentage of total sales: 1.29 per cent

Cost of retail related crime: €414 million ($577 million)

Shrinkage attributable to shoplifting: €193 million ($269 million)

SOURCE: Global Retail Theft Barometer

#19 Netherlands

Shrinkage as percentage of total sales: 1.30 per cent

Cost of retail related crime: €1.45 billion ($2.02 billion)

Shrinkage attributable to shoplifting: €633 million ($883 million)

SOURCE: Global Retail Theft Barometer

#18 Portugal

Shrinkage as percentage of total sales: 1.33 per cent

Cost of retail related crime: €410 million ($572 million)

Shrinkage attributable to shoplifting: €182 million ($254 million)

SOURCE: Global Retail Theft Barometer

#17 Finland

Shrinkage as percentage of total sales: 1.34 per cent

Cost of retail related crime: €481 million ($670 million)

Shrinkage attributable to shoplifting: €215 million ($300 million)

SOURCE: Global Retail Theft Barometer

#16 Norway

Shrinkage as percentage of total sales: 1.35 per cent

Cost of retail related crime: €523 million ($729 million)

Shrinkage attributable to shoplifting: €232 million ($323 million)

SOURCE: Global Retail Theft Barometer

Tied #14 United Kingdom

Shrinkage as percentage of total sales: 1.37 per cent

Cost of retail related crime: €6.11 billion ($8.52 billion)

Shrinkage attributable to shoplifting: €2.56 billion ($3.57 billion)

SOURCE: Global Retail Theft Barometer

Tied #14 Italy

Shrinkage as percentage of total sales: 1.37 per cent

Cost of retail related crime: €3.89 billion ($5.42 billion)

Shrinkage attributable to shoplifting: €1.84 billion ($2.56 billion)

SOURCE: Global Retail Theft Barometer

Tied #10 Sweden

Shrinkage as percentage of total sales: 1.40 per cent

Cost of retail related crime: €742 million ($1.03 billion)

Shrinkage attributable to shoplifting: €334 million ($466 million)

SOURCE: Global Retail Theft Barometer

Tied #10 Spain

Shrinkage as percentage of total sales: 1.40 per cent

Cost of retail related crime: €3.27 billion ($4.6 billion)

Shrinkage attributable to shoplifting: €1.46 billion ($2.04 billion)

SOURCE: Global Retail Theft Barometer

Tied #10 Greece

Shrinkage as percentage of total sales: 1.40 per cent

Cost of retail related crime: €530 million ($739 million)

Shrinkage attributable to shoplifting: €277 million ($386 million)

SOURCE: Global Retail Theft Barometer

Tied #10 France

Shrinkage as percentage of total sales: 1.40 per cent

Cost of retail related crime: €5.40 billion ($7.53 billion)

Shrinkage attributable to shoplifting: €2.18 billion ($3.04 billion)

SOURCE: Global Retail Theft Barometer

#9 Poland

Shrinkage as percentage of total sales: 1.41 per cent

Cost of retail related crime: €1.28 billion ($1.78 billion)

Shrinkage attributable to shoplifting: €535 million ($746 million)

SOURCE: Global Retail Theft Barometer

#8 Ireland

Shrinkage as percentage of total sales: 1.43 per cent

Cost of retail related crime: €501 million ($698 million)

Shrinkage attributable to shoplifting: €174 million ($242 million)

SOURCE: Global Retail Theft Barometer

#7 Slovakia

Shrinkage as percentage of total sales: 1.46 per cent

Cost of retail related crime: €149 million ($208 million)

Shrinkage attributable to shoplifting: €60 million ($84 million)

SOURCE: Global Retail Theft Barometer

#6 Belgium/Luxembourg

For some reason the Global Retail Theft Barometer grouped Luxembourg and Belgium together. The figures below are a collective amount for both nations.

Shrinkage as percentage of total sales: 1.47 per cent

Cost of retail related crime: €954 million ($1.33 billion)

Shrinkage attributable to shoplifting: €462 million ($643 million)

SOURCE: Global Retail Theft Barometer

#5 Hungary

Shrinkage as percentage of total sales: 1.48 per cent

Cost of retail related crime: €383 million ($533 million)

Shrinkage attributable to shoplifting: €169 million ($235 million)

SOURCE: Global Retail Theft Barometer

#4 Baltic States

The Global Retail Theft Barometer grouped all the nations within the Balkan region together. Below are collective statistics for the whole region.

Shrinkage as percentage of total sales: 1.50 per cent

Cost of retail related crime: €219 million ($305 million)

Shrinkage attributable to shoplifting: €100 million ($139 million)

SOURCE: Global Retail Theft Barometer

#3 Czech Republic

Shrinkage as percentage of total sales: 1.53 per cent

Cost of retail related crime: €382 million ($532 million)

Shrinkage attributable to shoplifting: €183 million ($255 million)

SOURCE: Global Retail Theft Barometer

#2 Turkey

Shrinkage as percentage of total sales: 1.63 per cent

Cost of retail related crime: €1.40 billion ($1.95 billion)

Shrinkage attributable to shoplifting: €787 million ($1.10 billion)

SOURCE: Global Retail Theft Barometer

#1 Russia

Shrinkage as percentage of total sales: 1.74 per cent

Cost of retail related crime: €3.22 billion ($4.48 billion)

Shrinkage attributable to shoplifting: €1.23 billion ($1.71 billion)

SOURCE: Global Retail Theft Barometer

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