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Showing posts from February, 2015

Retailers Really Need to Make Sure They Are Running Background Checks

U.S. retail workers are No. 1...in employee theft by  Anne Fisher @anbfisher January 26, 2015, 1:50 PM EST Photograph by Chris Fertnig—Getty Images Light-fingered employees cost American stores (and consumers) more than shoplifters do. It’s almost Groundhog Day, but for retailers, the holiday season is finally winding down. “The four months from October through January are when stores see not just their biggest sales volume of the year, but also the most returns and exchanges,” says Ernie Deyle, a 30-year veteran of the retail loss-prevention wars who leads the business consulting practice at London-based data analytics firm Sysrepublic. “Unfortunately, the same four months account for about half of all annual shrinkage.” That shrinkage, made up of missing goods from shoplifting and other causes, costs U.S. retailers about $42 billion a year, according to the latest Global Retail Theft Barometer ,