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22 Mar 2024

Rob Brown, co-director of Dalby Forest Cycle Hub, a not-for-profit hire scheme has been nominated for the Tourism Superstar 2024 award, run by VisitEngland.

21 Mar 2024

ACS (The Association of Convenience Stores) and the Federation of Independent Retailers (The Fed) have both welcomed a new report published by the Association of Police and Crime...

21 Mar 2024

As reported by Healthstores UK, new data contained in the 2024 Soil Association Organic Market report shows that independent retailers delivered an impressive 10% growth in 2023, with...

21 Mar 2024

An independent bottle shop and bar in Cheltenham has been named as the UK's Independent Beer and Wine Retailer of the Year 2024 at the Drinks Retailing Awards. 

21 Mar 2024

A number of organisations, including Bira (the British Independent Retailers’ Association), other trade associations, BIDs and unions have met with officials from the Welsh Government to...

21 Mar 2024

The British Independent Retailers’ Association (Bira) has reacted to data released by PwC and the Local Data Company exploring the state of the UK retail landscape.

8 Mar 2024

Daniel Blackham, editor of industry magazine BikeBiz, has been writing about his experience of completing the Cytech technical one qualification at training provider Spokes People in Milton...

6 Mar 2024

Cytech partner Activate Cycle Academy, the largest and most recognised training provider of bike maintenance and technical training courses to the UK’s cycle industry, recently welcomed a...

6 Mar 2024

The Greeting Card Association has reacted to a BBC Panorama programme lifting the lid on Royal Mail management prioritising parcel delivery over letters, which it says are in contradiction of...

4 Mar 2024

Pop star Kate Bush has been announced as an ambassador for this year's Record Store Day, on 20 April.

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Theft cost British shops £1.57billion each year

Posted on in Business News

Shops lose a total of £1.57 billion each year to theft, according to the latest Global Retail Theft Barometer.

Britain's shops lose £800 million a year as a result of shoplifting, a report has found. Whilst employees steal a further £770 million of goods, meaning shops lose a total of £1.57 billion each year to theft.

Retailers are being warned that over the next few weeks there could be a sharp rise in thefts as key winter sales periods are targeted.

Small items and those with a high resale value are the most likely to be stolen.

According to official police data, there were more than 329,000 recorded incidents of shoplifting across the UK last year. This represent a 3% rise on 2013 and around 27,000 more than in 2012.

In terms of the total value of goods lost, the UK ranked sixth highest globally, behind the US, China, Germany, Russia and Japan.

Get covered

ActSmart's partnership with specialist insurance provider, Butterworth Spengler gives cycle and outdoor retailers cover tailored to their needs.

ActSmart Gold and Platinum members also benefit from a 10% discount off their premium, and a further 5% discount is available to Cytech accredited businesses.

Butterworth Spengler has been the UK's leading cycle and outdoors shop insurance brokers since 1989. They offer a distinctive blend of experience, knowledge and high levels of customer service which means you can trust them to deliver bespoke insurance cover for your business needs - whilst maintaining competitive prices.

"Butterworth Spengler has by far the most comprehensive policy available and a very competitive price - I cannot fault them" -Andrew Richards, Big Red Bike, North Yorkshire

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Click one of the buttons below depending on your business type, or phone Butterworth Spengler on 0844 764 64 64, for a FREE quotation.

 

 

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