Study suggests shoplifting remains high in Czech Republic

02-12-2007

A study by the British Centre for Retail Research has suggested that the Czech Republic ranks poorly among European countries when it comes to shoplifting. According to the organisation’s report, 8.7 billion crowns (or 490 million US dollars) worth of goods were lost or stolen from Czech stores in 2007. That represents a 0.7 percent drop from the previous year. Out of 22 or so countries examined in the survey, the Czech Republic ranks 18th, just below Great Britain, ahead only of Slovakia, Hungary, Poland, and the Baltic states. Similarly a study by KPMG has suggested that 43 percent of lost inventory in the Czech Republic is stolen by shoplifters, while employee theft accounts for losses of 15 percent. Another 15 percent loss is sustained in the poor handling of goods.