the, the last is an everyday part of the retail business and usually budgeted for. but when sales are suffering, if it comes on sustainable for businesses to keep the doors open, if they're now experiencing higher and higher rates of best retailers having bodily unprecedented losses. where on average, they saw a 27 percent increase in organized retail crime incidents and 2021. beyond that $8.10 retailers also reported that violence and aggression were associated in the incidents. i'm christy, and you're watching the cost of everything we're today. we're going to be looking at the costs assessed and how these costs are eventually passed down to you. the fees target

is we can see level removable valuable disposable items. and the top categories of items that are being stolen in the us include apparel, electronics, health, and beauty accessories, footwear, and e. 6. retailers from walgreens to walmart has said that they will be forced to raise prices or shutter effect of stores of law enforcement does not crack down on theft. target has said it last over $400000000.20 due to stuff alone. and in america stolen merchandise cost retail is $94000000000.20, which is up from $90000000000.00 a year before. a survey showed that 37 percent of retailer frank is due to external stuffed, followed by employee or internal sept. a 28.5 percent and then process or control failures, a 25 percent to recently a group of 14 individuals barge into a leave, a ton of illinois where customers were,

is still inside and then drove away with over a $100000.00 worth of merchandise that same month, a group of 18 broke into a nordstrom in los angeles with a sledge hammer and made off with several thousands of dollars and merchandise. and on top of this online marketplace is like amazon, craigslist, ebay, facebook marketplace. they have enlarged the market for stolen goods, criminal rings, recruit people to steal from stores and exchange for drugs or small payment. these boosters may steal from multiple stores across state lines. and right now, this type of crime pays very well to the boosters and the people orchestrating it. cities like san francisco and new york city are epa centers of theft as shop lifting. complaints has surpassed pre pandemic levels for the last 2 years. in san francisco executives point to the 2014 ballot that we classified non violent test as misdemeanors for goods valued

a less than $950.00 in new york. some of the uptake had been tied to the 2019 bell reform that encourages judges to use the least restrictive means to compel people to return to court. and while loss is budgeted for store owners do not simply absorb these costs. the cost of shoplifting is usually passed on to the consumer in the form of higher prices. when someone shop lifts a retail item, the store must recover the entire cost of the item rather than the stores profit margin on the lowest inventory. the amount of store must recover depends on his profit margin and the cost of the shoplifted item. so for example, grocery stores commonly operate on a one percent profit margin. that means a grocery store must recover a $100.00 for every $1.00 worth of shoplifted inventory. and for every $330.00 worth of products stolen,

the retailer has to sell an incremental $300000.00 worth of goods in order to break even. besides analytics show that harsher penalties do very little to prevent crime even if there is a severe punishments like a potential felony in which you will spend a year in prison. it is not an effective deterrent. instead, people are much more likely to respond if they feel there's a high likelihood of getting caught and swiftly punished. and for more on the cost of staff will bring in, janelle alvarado, retail experts and consultants. so janelle, how does the prevalence of stuffed and shoplifting in the us compared to other parts of the world? yeah, well right now the retail crime rates are a hot topic. we're seeing a search in the us specifically, canada is also experiencing an uptick, but not as much as we see it more prevalent in the us. so the,

those are some of the things that we have noticed that's going on in the, are a lot of different avenues that the government, both canadian and then also on the presidential side where they're trying to figure out how can they help retailers. and how could they assist in preventing the retail staff? because at this point, it's something that retailers are unable to do on their own. they need some outside help to help address because this is becoming, you know, a continually 1000000000 dollar, retail staffed heis that are also happening as well. crime rings that are how happening. and then with the prevailing of online retail, the has to be more intervention is needed to help assist with decreasing the rates that are searching. and now what are some of the factors that contribute to higher stuff rates in certain regions or countries?

yeah, when it comes to europe, they're also experiencing issues with retail crime. we're seeing uh it is still us is definitely number one. the 2nd one would definitely be the u. k. and then canada is behind that. so a lot of the economy issues, when it comes to jobs, there's been job losses due to the cobit pandemic. there are people are also struggling to find jobs that otherwise used to exist with the rise of a i and different kind of artificial intelligence that is being used in retail to make it harder for people with lower incomes to grasp the jobs. but otherwise we're available, so we're seeing a lot more self checkout rolling. now we're seeing a lot more tech uh, taking over a lot of those uh, entry level jobs, which is also making it harder for the economy to kind of get back to how it was.

so things are really slow. there's a slow growth when it comes to people being able to purchase as much as they could before. so we're seeing people world wide are starting to struggle with even getting those bare necessities that they need in their household. and how does that impact businesses financially and what are some effective strategies for loss prevention? you know, what is the main issues that we're seeing is um, especially in the us, is retail crime rings. so these are the big, orchestrated crime units of people who are in the business of dealing. so whether that is from warehouse is even from the truck. so it really has a whole logistical side to it. so it's not just in the stores, it is across the supply chain. so one of the ways that retailers can help with the

loss prevention is just to make sure that they are having not only cameras with in the stores, but also they need to be monitoring the people who are in charge of the logistics. so the drivers, people who are bringing the merchandise, there's been major cases where big retailers and big brands, such as nike and others. they found trucks load of merchandise one for to $1000.00 of merchandise stashed away in warehouses. so one of the main things is to always consider that there is a whole chain of areas. another big concern happening is the development of omni channel. how are we connecting the physical stores with the online store? right? so there are other things that in online you have to deal with when it comes to loss prevention. that could be credit cards fast, right? fraud, a different kind of ways that people are stealing and buying goods. we've also seen

this recently in the news. there is a couple stories that are out talking about employees who are actually utilizing these credit cards schemes, wellbeing, an employee, and stealing from the online portion of their website for the company they work with. so loss prevention needs to go from all all cycle up to, to retail chain to really prevent it moving forward. how does that affect the overall economy? yeah, overall it makes it, you know, the costs always gets put back onto the consumer. so, you know, um someone stealing product and leads to lower inventory of the product in the retail stores, they carry a lot of brands. they also have their own, you know, private label brands. but it is the brands who product is being sold. who will have to take, you know, take that bullet. so those brands then, if

a lot of their product continues being stolen, you know, the retailer doesn't cover that. it's the, the other brands that have to cover those, that loss. they make up their price or they might stop stocking the products they're altogether. and if this issue continues with multiple brands, then they may look at the retailer. it'd be like, hey, you need to figure something out because it's not just our product multiple products. and that's where we're actually, the retailers leave certain area. so quite a few retailers have left san francisco in california due to the crime rates, the growing job. you know, of the loss of so many jobs, so there's high and unemployment. so there's so many things that the retailer can only do so much. and if they don't have enough assistance, they just leave because they're not only hearing it from customers who maybe don't want to see product locked up. they're also getting it from the brands who are wondering why do we have to keep covering the cost of loss merchandise. so it's

coming on all angles for the retailers engine out. can you discuss any significant differences and stuff patters or trends between brick and mortar retail stores and online retailers? yeah, i would say some of the growing trends happening. well, i would say uh when it comes to the brick and mortar a lot of the larger retailers. so we will consider more big box or known for having big square footage footprints. also, we call them anchor store. so you can think about like this or the agent them, the best buy, all of those stores are trying to figure out new ways to create smaller concepts. so that's something that's new that's happening. so they may be closing down some stores, but they will be repositioning those stores elsewhere into smaller formats. so it's almost though the ones that are surviving as retailers and maybe closing down their openings. i'm still at a good rate, but it's

a different type of format. they're trying to cater to the younger generation. degeneracy, the millennials, the people who maybe rather go in just for the experience of going in and maybe some sort of a bad, maybe there's influencers, maybe there's a product launch that, you know, there's only a few items in a, b to line up for, but not necessarily a place where people will come to read and browse for hours anymore. so that's some changes we're saying for the brick and mortar. on the online side, we are seeing a lot more marketplace is become, you know, at the forefront. people still prefer to buy for a marketplace is because they're more trustworthy. we do talk about retail staffed, but then there's also a lot of online scams on the other sites. it's not just the consumer. sometimes there are, you know, sellers out there who are trying to make quick money and then close down their store. that it's also been something i've seen on the consumer side. they might

order products and they go in the website's called the next day. and they are out of their money. so we're seeing a lot people trust marketplaces. we're seeing more q rated. so if we think about amazon, push mark, all those type of, you know where you can go, what are you thinking seller and they'd be, have the readings and stars. we're seeing people right now, put their money in more trustworthy places. then just, you know, the one off store because there's just been so many stories where if you don't have enough information on it, it may not be a credible business to buy from. to thank you so much danelle alvarado for all of your time today. and when we come back, let's see what shoplifting is like in other countries. the

look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings accept. we're such orders that conflict with the 1st law show your mind, anticipation. we should be very careful about our personal intelligence. the point obviously, is to create a trust rather than fit the job. i mean with artificial intelligence. we have somebody with him in the robot must protect his phone, assistance was on the today, and this is new and never done with trigger for general. ok, that means national governments kind of into the economy much

maybe into that and in the cold, but you'd be testing us. yeah. because that's a yeah. on the 22 the i just wanted to come back to us on the move this to my son. he died in the mean measure, the sick it sick on the status. i need you to choose. that is a full turn. just the 75. i mean to the present your home phone go out shameful. the should the lot about using as soon as to restore this will be to shop lifting is much worse than britain then in europe. as

a result of grocery price inflation hitting record highs, making it more and more difficult for consumers to afford the mere basics. in the u . k. incidents of shoplifting have increased 18 percent in 2022, costing the british economy. 660000000 pounds stores that use anti theft devices on pricey items have now shifted to protect unlikely items like butter cheese detergent and even protein bars. criminals seek low risk high reward targets in the u. k which include high profile food robberies where cargo and delivery trucks are being targeted. these items can be sold at bigger margins in the alternative markets, and a harder to trace because they're consumed quickly. one incident involved demand using a power to break in and steal $200000.00 cadbury cream, ex, food and drink. now make up 70 percent of cargo tests in 2022 in the u. k. out of

the over 5000 freight crime in the country, especially at the time when ports are congested. goods can be left up to pile in, unsecure locations. a soft from a warehouse or port that is experiencing overflow becomes much easier to pull off. and there are hitting costs to these desk, which include insurance, company cost policing, retail values that can be anywhere between $4.00 and $9.00 times the value, last brand and reputational damage. damage to trucks and holding companies, etc. in total, it is about $700000000.00 pounds per year just from cargo crime. when 10 years ago, it was only 250000000 pounds. in south africa, the acute energy crisis has affected all aspects of society and contributed to a huge escalation and the level of criminal activity and theft. the power cuts added to a significant increase in all robbery categories, especially property,

crime, and wealthier areas. as criminals take advantage of the fact that many homes and business security systems are compromised, these robberies tend to be more prevalent in poor urban areas in the country where residents cannot afford to install security systems. copper is now the new gold, and anywhere it can be found is fair plunder. the sale and export of scrap copper is carefully controlled by south african officials. but because copper is the world, 3rd most use metal and once melted down its origins because virtually untraceable prices have reached a high of almost $9000.00 a ton on international markets in 2023, making copper stuffed, a lucrative payday. these guys work together to hack down telephone poles, dig up underground cables, hit train stations and industrial warehouses to rip out more than a 1000 kilometers of overhead cable at

a time. the cost of crime as high as not only does it directly impact businesses, but it also impacts the whole society as well as basic infrastructure like telecommunications companies and industrial warehouses go offline from these attacks. and meanwhile, in japan, stuffed and robberies have an incident of only $1.00 per 100000 people, which is a tiny figure compared to france at $43.00. germany at 43.2 and the high 278 in the us shop lifting in japan is one of the most commonly seen crimes in japan and is punishable as best buy up to 10 years imprisonment or a fine of up to $5000.00 us dollars. interestingly enough, while the us criminals target electronics and luxury brand names, the u. k. target's food in japan, one of the biggest burglaries in was over poke among cards in tokyo,

there had been 5 burglary cases targeting trading cars and 2022. were pope came on, and other collectible cards were stolen from several stores for a total of approximately $8500000.00 yen. as a 2nd hand car gain marketplace skyrocketed. and for the applicant perspective, we turn to clinton is all on can yeah, use an international relations analyst. so clinton, for many westerners, the image remains that in kenya and africa in general. depth and muggings are very common police. the district seem to bear this out, but do you think that it's a fair assessment? i don't, i think 1st of all, i mean, it's important to note that after grades 54 countries on some of these countries, the different dynamics. so in these countries what 7 countries web asherwood stages where that we'd see the typical country like maybe south africa, nigeria and the like over the city where the meat of people. so gen day maybe,

yeah, introduce is of crime and the like, i'm going to be higher. but in most parts of africa, away from deluxe, the, to a crime is to do that, to lead on what you said impacts is almost that you don't see a violent crime is non existent. so i think that assessment is what i'm saying. i don't think that most african cities are any more dangerous competitively, to see people the same size in other parts of the world. so well, i can see that it depends on where one is in this big city. are they smart city, or they need ro, an? so those are the dynamics that have play, which i believe that you credit the same day. that means most parts of the world cause i believe to say, why don't happen if somebody a to europe in the down. i mean, you're in downtown, maybe land, i know probably. yeah. most like to be with close to crime. then if you're in the

real part of the same country on a small town. so these are the same things that's happening. i forgot how common is stuffed in kenya, an applicant nations. and is it fair to generalize? no, not much. not much. so i think the 1st of home is the 9 exceptional situation where i don't think it'd be possible for anyone to try to steal from cause i say, to reach out on for something months where most of the retail stores located is ready to close. all of the in the past that is a tax on with that targeted shopping laws. so that's good for the dumping of security. so for you to get into a shopping mall in kenya, you go through security, which is almost the same as at the airports. you'll have to be to go through a metal detector, your pads have to be scanned. so on most of these trucking most about maybe a maximum of lights. yeah. for exists,

which i'm lined by security guards. it has to do with these information that you go through. so what do you try to become sort of had for one to to steal for like i said after to have a different but instead of parts of the country. yeah. oh, the continent, the conditions are different. so yes, it is a map. people are trying to steal from software data. they do occur by the main isolated, easy, this is most of these that the big stores will probably record the maximum of maybe 10 to 50. so it's not like a very wide spread thing and how do people take safety into their own hands and defend their property of valuables and can yeah, yeah. so i would say, well there for this, they do the best buy, then they're also strange in what state and cases and 7 countries. and like i said, for 5 years of country by country, so you find that they do not have adequate resources. so for instance, we would call the police and maybe a ton of 100000 people will have like the police station they'll have like

4 vehicles. so it means the better because already engaged that what it is funny to say didn't know if it is, it might take a while for the police to respond to new york, if not because they don't want to do that job or the electricity by simply because they need fit into such as to be able to this point quickly and efficiently. those resources incentive cases that i've seen. so i say that's one of the, you know, one of the causes of maybe the law enforcement and advocate being a b s. slope. and if you like the justice system, because you find that access to resources is too limited in many places. thank you . clinton is all for all your time today. the retailers are implementing many strategies to red loss and mitigate risk such as hiring extra security stuff, installing security cameras, and investing in costly r f i. d systems. these are a 5. these can be utilized in many ways,

not just beeping. if you exit the store without removing the tag, but it can also help to manage and track inventory in the supply chain and locate stolen products. but these intelligence base loss prevention systems are costly, extra security personnel and surveillance equipment are typically also passed down to the consumers in order to offset these expenses. so while the stores are be the losers being robbed at the end of the day, that cost will be ultimately absorbed by you, the ultimate loser of this. and so it is true in this case that one bad apple will totally spoil the bunch for everyone else. and creates a much less fun shopping environment where everything is behind security tags and cages. i'm christy. i thanks for watching. and we'll see you right back here next time on the cost of everything the

the, [000:00:00;00]

the hi, i'm actually i have to have and i'm here to plan with you whatever you do. do not watch my new show. search like why watch something that's so different. little opinions that he won't get anywhere else. welcome it, please do have the state department to see i a weapons, bankers, multi 1000000000 dollar corporations. choose your facts for you. go ahead, change and whatever you do. don't want my shelf to stay main street because i'm probably going to make you uncomfortable. my show is called stretching time, but again,

you probably don't want to watch it because it might just change the way you the the doubles the. i won't be home for the a, so somebody sitting benefit eagles, angels. and since you would have seen them in the 40 april home, ok. any guidance for or anytime soon as you know, it pains in did in gwinnett stop,

you get a lesson was like $50.00. notice you started getting out of funding, but let me fortuna is to control everything that is going to hang up on our call. let us do like a stuff in the the system to load on some of my stuff because it's time to modify the math. that's what the machines notice on something,

nobody model speed. can you tell us the conflict? so a know, you know, just to, to do the same thing more to, to finance some systems for 10 percent of that. you know, because i got a mentor plate super little. can you send us? i said it's on its own. i have 40 control, i guess. so is that going to have the key most today? i'd be through the manual. come yeah, because this is really mean to people's lives pursuing it because here's what i think the product key should have been added in those words i