21. beyond that $8.10 retailers also reported that violence and aggression were associated in the incidents. i'm christy, i'm. 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, easily conceivable, 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 theft, followed by employee or internal stuff. 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 a 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 bail 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, that 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 and which 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 alverado, retail experts and consultants the. 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 help 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 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 from 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 worldwide 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? what yeah. what is the main issue 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 19 others, they found trucks load of merchandise, $100000.00 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 i had in online you have to deal with when it comes to loss prevention. that could be credit cards, stepped 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 of the retail chain to really prevented moving forward. or 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 seeing 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. now, can you discuss any significant differences in 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 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 a square footage footprints. also, we call them anchor store. so you can think about like this or the h and um,

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 opening. 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 be 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 seeing 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 curated. so if we think about amazon, push mark, all those type of, you know where you can go, where you can give them the 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

a 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, the russian states never as tight as i'm sort of the most sense community best. not getting all sense and up the in the system has to be the one else calls question about this, even though we will then in the european union,

the kremlin mission, the state on the russians cruising and split the ortiz full neck. even our video agency, roughly all the band on youtube tv services, what question did you say even closer to the the gym and so just deal with the, with the one with taking the picture. they were proud of domestic but are you ready to go in your mouth because i didn't look up my, your opinion there know that he got dirty away or i so it was you like you on google, more guy and with and then almost a week ago and then we'll get to bundle the, the general say to us of the disease. but this,

this is the reality. last, there's never been to the, did you purchase a i did you please? yeah. genocides hard to time prize size and how are you to do this yourself if it's uh, stuff as you can v as in actually this is a very bold decision by the gym and government to even stop because he is when the agreement was generated more divisions and more and god more questions and all of those they are using to pay us what they are giving us just go to the pollution conference and now we have not been support. you've called what has been happening here. it will open the ponder as box the next thing it will

be them both then also have to pay the the shop, let's say, is much worse than breton 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 cost in the british economy, $660000000.00 pounds. the stores that use anti theft devices on privacy 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 tool 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. there are hitting costs through these steps, 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 welfare 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. the 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 becomes virtually on traceable. prices have reached a high of almost $9000.00, a tonne 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. meanwhile in japan, stuffed and robberies have an incidence 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 and present or a fine of up to $5000.00 us dollars to interestingly enough,

while the us criminals target electronics and luxury brand new, 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 pokey mom and other collectible cards were stolen from several stores for a total of approximately $8500000.00 yet as a 2nd hand car gain marketplace skyrocketed. and for the applicant perspective, we turn to clinton is all on kenya. he is an international relations analyst. so clinton, for many westerners, the image remains that in kenya and africa and general dust and muggings are very common police statistics seem to bear this out. but do you think that is a fair assessment? i don't, i think festival. i mean, it's important to note that after grades 54 countries and some of these countries,

the different dynamics. so in these countries what 7 countries where the short stages, whether we should do the typical country, like maybe south africa, nigeria and the likelihood was due by the me lives of people. so jen, that may be, yeah, this is of crime and the like, i'm going to be higher. but in most parts of africa, where from deluxe the, to a kindly student to lead on the incident process almost that you don't know violent crimes 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 competitive be to see people the same size, you know, the parts of the law. and so, um, well i can see that it depends on where one is. i mean is big city, are they small 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 showed you up in the down. i mean, you're in downtown, maybe land. i know probably. yeah. most like to be with close to crime. that 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 festival to the 9 exceptional situation where i don't think it'd be possible for anyone to try to do from what i say to reach out on a short 3 months where most of the retail stores located inverted colors of the in the past that is a tax on 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 say truth,

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, sucking most not maybe the maximum of lights. yeah. for exists, which i'm mind by security guards. yeah. like i said, you put these in submission that you go through. so what do you try to becomes very 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 a maximum of maybe 10 to 50. so it's not like a very widespread 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, their products, they do the best buy, then they're also sprints in what state and tested and said and come to the next

half the societies of the 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 $100000.00 people will have lights. they the police station they'll have like 4 vehicles. so it means you've got a big was already engaged. that what it is funny to settings, it is each my ticket well 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 mix it into such as to be able to this point quickly and efficiently then those resources incentive cases that i've seen. so i say that's why don't be, you know, one of the causes of maybe the law enforcement in africa being a bit slow and even like the deafening system because you find that access to resources is too limited in many places. thank you. clinton is all for all your time today. we tailors 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. 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 i was afraid of robert f. kennedy junior. well, apparently everyone in the political establishment and mainstream media very much like donald trump. he says what he thinks liberal science he's be dead for a junior is fear, because he's fearless. amber, one of the great histories and the treasures of the world. and one of the largest, the deposit of this stuff is white here in the baltic sea. so we are in the clinic, red region, trying to learn all the weekends about this molten gold. the

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