Shoplifting cost Hong Kong retailers HK$2.34 billion (US$301.81 million) in losses last year, Metro Hong Kong reported Friday.
The amount accounted for 55 percent of the retailers’ combined losses of HK$4.26 billion from shoplifting, employee fraud, organized retail crime and administrative errors.
That is the highest proportion in the Asia Pacific region, the latest figures from the Global Retail Theft Barometer compiled by loss prevention solutions provider Checkpoint Systems show.
China was in second place, with 50.4 percent, followed by Japan, with 47.6 percent, and Australia, with 30 percent.
The combined losses from the listed causes suffered by more than 220 retailers in 24 countries surveyed by Checkpoint amounted to more than US$128 billion, or 1.29 percent of their sales.
Hong Kong retailers’ losses of HK$4.26 billion are equal to 1.09 percent of their annual sales, putting the city in 14th place among the 24 countries. Mexico topped the list, with a rate of 1.7 percent, followed by China, with 1.53 percent, and the United States, with 1.48 percent.
The combined losses from shoplifting and employee fraud totaled HK$3.2 billion for Hong Kong retailers. Smartphones and phone accessories along with alcohol and perferfume were among the most common targets of theft, the survey showed.
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