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German Retail Losses Hit New High as Criminal Gangs Target Shops

German Retail Losses Hit New High as Criminal Gangs Target Shops

Bloomberg5 hours ago

Germany's retailers are seeing more stock vanish from shelves as in-store theft, driven in part by organized crime, reaches new heights.
Retail inventory losses in Germany rose to €4.95 billion ($5.7 billion) in 2024, a 3% increase from the previous year and the highest number ever recorded in industry surveys by the Cologne-based EHI Retail Institute. The increase was largely due to a nearly 5% rise in shoplifting, and a growing number of thefts associated with organized criminal groups, which typically steal at least €1,000 in goods per offense.

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German Retail Losses Hit New High as Criminal Gangs Target Shops
German Retail Losses Hit New High as Criminal Gangs Target Shops

Bloomberg

time5 hours ago

  • Bloomberg

German Retail Losses Hit New High as Criminal Gangs Target Shops

Germany's retailers are seeing more stock vanish from shelves as in-store theft, driven in part by organized crime, reaches new heights. Retail inventory losses in Germany rose to €4.95 billion ($5.7 billion) in 2024, a 3% increase from the previous year and the highest number ever recorded in industry surveys by the Cologne-based EHI Retail Institute. The increase was largely due to a nearly 5% rise in shoplifting, and a growing number of thefts associated with organized criminal groups, which typically steal at least €1,000 in goods per offense.

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