Adam Fresco, Crime Correspondent
Attend an evening with Andre Agassi
Britain is the shoplifting capital of Europe, with more than £1.5 billion worth of products a year being stolen by customers.
Most of the goods will be stolen in the four weeks before Christmas, with £26.4 million worth of items disappearing from supermarket shelves, shops and off-licences every day. Another £1.6 billion worth of products will be stolen by employees or lost in the distribution chain.
As a result of the chronic theft, every household in Britain will have to pay an extra £150 for their goods this year.
The most popular goods to be targeted by thieves are alcohol, razor blades, accessories and specialist meats.
Britain has topped the table in Europe for the last seven years, meaning consumers have paid hundreds of pounds extra to cover the cost of the thefts.
David Nuttall, the managing director of Checkpoint Systems, who helped compile the report, said: “Shops in Britain are open 24/7, which means that there are more outlets open, which means there is more opportunity for theft.
“In my view, theft is not high enough on the retail agenda and it is accepted that there will be losses. If it was a priority then we could reduce the cost, which would mean more money for retailers, and they could then theoretically reduce prices for customers.”
The annual Global Retail Theft Barometer looked at more than 800 retail giants, covering 32 countries, and responsible for £447 billion worth of sales every year and found that Britain had the worst record for what it refers to as “shrinkage”.
It has topped the table for the past three years in Europe.
The report, which was compiled by the Centre for Retail Research in Nottingham and Checkpoint Systems, in the year up to July found that theft had cost retail establishments a total of £49.8 billion a year globally.
Overall, shoplifting accounted for almost £21 billion, staff theft for £17.5 billion, supplier theft and fraud took up £3.1 billion and accounting and administrative errors accounted for £8.2 billion. Last year the amount lost to British retailers because of “shrinkage” fell by 3.3 per cent but the amount spent on security fell by 22 per cent to £769 million.
Neil Matthews, the vice-president of Checkpoint Systems, said: “Retailers must take the financial implications of theft on their businesses and their customers more seriously. Over the past year, the level of investment in security has dropped and this has had a detrimental effect on the level of protection and, therefore, the profit margins for retailers.
“The importance of security is widely acknowledged but I am shocked that most stolen items still remain unprotected. Retailers must put the investment where their mouth is, as there is a clear link between spend on security and the amount of shrinkage experienced.”
The US has the worst record for “shrinkage”, losing about £20 billion a year, although it is one of just a handful of markets where staff theft accounts for more losses than customer theft.
The British Retail Consortium’s crime survey, released last month, found that shoplifting had increased by 65 per cent – its highest level in ten years since the introduction of £80 on-the-spot fines.
Last year, an estimated 33,000 offenders were punished with a fixed penalty notice.

Who takes what
Top ten stolen items
1. Alcohol
2. Cosmetics
3.Women’s wear
4. Perfumes and aftershaves
5. Razor blades
6. DVDs and CDs
7. Children’s clothes
8. Accessories
9. Designer clothes
10. Specialist foods
Worst Countries in Europe
1. Britain
2. France
3. Germany
4. Italy
5. Spain
6. Poland
7. Belgium/Luxembourg
8. The Netherlands
9. Sweden
10. Switzerland
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
In this special section we explore new food trends to help improve your dinner party and impress guests
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
1998
£47,955
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
to £60K + bonus (OTE £90k)
Lord Search & Selection
Location Flexible
PwC’s Consulting practice helps businesses of all shapes
and sizes work smarter and grow faster.
£85k
CPA
Highly Competitve
Specsavers
Whiteley, near Southampton
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
7nts - Penang £499; Borneo £699; All Inclusive £799 including flights, taxes, accommodation and private transfers
For your ultimate tailor-made ski holiday, click here
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.