Invest
Shoplifting spike costing traditional investment options billions
Traditional investor favourites, such as supermarkets and the telecommunication industry, are estimated to be losing up to $3.37 billion in stock annually, according to a new report.
Shoplifting spike costing traditional investment options billions
Traditional investor favourites, such as supermarkets and the telecommunication industry, are estimated to be losing up to $3.37 billion in stock annually, according to a new report.

The Australia and New Zealand retail crime survey indicated that 0.92 per cent of revenue has been lost due to theft.
Customer theft has been attributed 57 per cent of the figure – 16 per cent on figures from two years ago.
Commenting on the results, the study’s lead researcher, University of London’s Dr Emmeline Taylor, said “thieves now tell me that it’s easy to get away with petty theft”, where the reward is greatly outweighing the risk.
“There are multiple factors that could be contributing to this, including the introduction of self-service checkout, and changes in criminal behaviour,” said Dr Taylor.

“Thieves are becoming more brazen,” she outlined, noting that this has been witnessed in the recent “steaming” technique used by gangs to overpower mobile phone shops in broad daylight, often intimidating staff and pushing customers out of the way to reach the stock.
Checkpoint Australia’s vice president, Mark Gentle, said “it’s evident that thieves have upped their game and retailers need to adapt to stay ahead”.
He highlighted that loss prevention technologies are still the best deterrents for opportunistic shoplifters and, when combined with good customer service, will often significantly reduce theft in stores.
The study also found:
- Telecommunication stores suffer the highest average value of theft – estimated to be “more than $1,000” per incident.
- Baby milk formula, meat and face creams are most commonly stolen from supermarkets.
- Supermarkets typically report losses of “under $20” per theft incident but noted an increase in frequency.
- Self-service checkouts continue to be vulnerable to theft. Retailers are responding by introducing more POS video analytics, including cameras that film customers at each individual machine.
- Criminals are becoming more organised in relation to store theft, with the report noting a large resale market for goods, including stolen food and champagne, that is being on-sold to restaurants, as well as the “daigou” phenomenon that has seen baby formula being sold in China.
- Micro-gangs are using “steaming” techniques to brazenly raid shops during operating hours.
About the author

About the author


Stock market
International stocks: Diversifying your portfolio beyond Australia
In an increasingly globalized market, Australian investors have the opportunity to enhance their investment portfolio by incorporating international stocks. Diversifying your investments globally can ...Read more

Stock market
Stock market rally likely to continue regardless of Fed minutes tone, says deVere CEO
The bull run that has propelled Wall Street's major indexes to record highs this month is expected to continue regardless of the tone of the upcoming Federal Reserve minutes, according to Nigel Green, ...Read more

Stock market
US stock rally driven more by valuation growth than earnings, leaving tech names vulnerable: Innova
The strong gains in US stocks over the past year, particularly in the technology sector, have been driven more by expanding valuations than underlying earnings growth, leaving them exposed to a ...Read more

Stock market
Sun Silver to make its ASX debut with a $13 million IPO
Sun Silver Limited (proposed ASX Code: "SS1") has announced the opening of its Initial Public Offering (IPO) today, aiming to raise a minimum of $10 million and a maximum of $13 million (before costs)Read more

Stock market
Nasdaq hits record high, underscores the value of tech in investment portfolios
The Nasdaq Composite's surge to an all-time high last Friday highlights the importance of incorporating technology into investment strategies. Read more

Stock market
Apple sets an unprecedented profit pace within the GAFAM group in 2023
After navigating through the economic difficulties presented in 2022, the technology sector has demonstrated resilience and growth, with many companies seeing increases in revenue and stock value. Read more

Stock market
Fintech startup okoora unlocks over $3 billion in forex savings for businesses
Fintech innovator okoora has announced it has saved customers a monumental amount over $3 billion through international foreign exchange transactions. Read more

Stock market
Google's Gemini edges out ChatGPT4 in groundbreaking AI showdown
Google's latest AI model, Gemini, has edged out OpenAI's ChatGPT4 in a recent set of rigorous multi-discipline tests, marking a significant milestone in the large language model (LLM) sector. Read more

Stock market
International stocks: Diversifying your portfolio beyond Australia
In an increasingly globalized market, Australian investors have the opportunity to enhance their investment portfolio by incorporating international stocks. Diversifying your investments globally can ...Read more

Stock market
Stock market rally likely to continue regardless of Fed minutes tone, says deVere CEO
The bull run that has propelled Wall Street's major indexes to record highs this month is expected to continue regardless of the tone of the upcoming Federal Reserve minutes, according to Nigel Green, ...Read more

Stock market
US stock rally driven more by valuation growth than earnings, leaving tech names vulnerable: Innova
The strong gains in US stocks over the past year, particularly in the technology sector, have been driven more by expanding valuations than underlying earnings growth, leaving them exposed to a ...Read more

Stock market
Sun Silver to make its ASX debut with a $13 million IPO
Sun Silver Limited (proposed ASX Code: "SS1") has announced the opening of its Initial Public Offering (IPO) today, aiming to raise a minimum of $10 million and a maximum of $13 million (before costs)Read more

Stock market
Nasdaq hits record high, underscores the value of tech in investment portfolios
The Nasdaq Composite's surge to an all-time high last Friday highlights the importance of incorporating technology into investment strategies. Read more

Stock market
Apple sets an unprecedented profit pace within the GAFAM group in 2023
After navigating through the economic difficulties presented in 2022, the technology sector has demonstrated resilience and growth, with many companies seeing increases in revenue and stock value. Read more

Stock market
Fintech startup okoora unlocks over $3 billion in forex savings for businesses
Fintech innovator okoora has announced it has saved customers a monumental amount over $3 billion through international foreign exchange transactions. Read more

Stock market
Google's Gemini edges out ChatGPT4 in groundbreaking AI showdown
Google's latest AI model, Gemini, has edged out OpenAI's ChatGPT4 in a recent set of rigorous multi-discipline tests, marking a significant milestone in the large language model (LLM) sector. Read more