The Hidden Costs of Retail Crime: Unseen Impacts on Businesses and Communities
Retail crime is a pervasive issue that affects businesses of all sizes, from small local shops to large multinational chains. While the immediate costs of theft are often calculated through stolen goods, the hidden costs of retail crime can have far-reaching effects on both the financial health of businesses and the communities they serve. These hidden costs go beyond the obvious losses, impacting everything from employee morale to increased security measures and long-term brand reputation damage. The Direct Financial Impact At first glance, the most noticeable consequence of retail crime is the direct financial loss from stolen goods. According to … Read more