Almost 1.2 million shoplifters and dishonest employees were apprehended in 2013 by just 23 large retailers who recovered over $199 million from the thieves.

Almost 1.2 million shoplifters and dishonest employees were apprehended in 2013 by just 23 large retailers. Over $199 million was recovered from these thieves, according to the 26^th Annual Retail Theft Survey from Jack L. Hayes International.

A 7,600-square-foot warehouse served as the business hub for a sophisticated, multimillion-dollar theft ring.

It continues to be debated within the industry: armed or unarmed security officer.

Store security at Barneys New York is now trained on the NYPD.

Shrink, comprised of shoplifting, employee or supplier fraud, organized retail crime and administrative errors, cost the retail industry more than $112 billion globally last year, according to the 2012-2013 Global Retail Theft Barometer, and represented 1.4 percent of retail sales, on average.

Plato’s Closet puts a luxurious spin on the typical consignment store concept by offering brand-name, high-end clothing and accessories. In this cash-heavy, bargaining atmosphere, surveillance is at a premium.

One in 40 employees was apprehended for theft from their employer in 2012.

Successful asset protection is an integral building block in the success of any retail operation. However, controlling loss and theft continues to challenge retailers worldwide, with merchandise losses averaging close to $40 billion per year (Hollinger).

Retailers in the U.S. are expected to lose $8.9 billion over the holiday season, mid-November through Christmas, as a result of shoplifting, dishonest employees and vendor or distribution losses.