Retail Crime Survey

Retail Crime Survey: BRC

  • The cost of crime has risen significantly again this year, rising by 15.6 per cent, to an overall cost of £1.6 billion
  • The number of incidents has also risen in the majority of offences, with the exception of robbery, which has remained stable and violence against staff, which has reduced by 55 per cent when compared to the previous year
  • Customer theft continues to be the most prevalent when looking at the number of incidents, however, e-crime now equates to the most costly type of crime affecting the sector
  • Expenditure on crime and loss prevention had risen by 7.1 per cent when compared with the previous year
  • Despite the increase in the number of incidents and overall cost of crime, there has been a significant reduction in the number of offences being reported to the police
  • Systematic targeting of higher value goods by organised criminals is pushing up the cost of retail crime but the proportion of shoplifting incidents reported to police has plummeted to just one in eight – highlighting just how much there is to do to build retailers’ confidence in the way police forces respond
  • Retail crime doesn’t only impact on its direct victims but on wider communities. It damages the reputation of local areas and those who steal from shops commit other sorts of crime

Global Employment Trends

Global Employment Trends, 2013: ILO

  • Global labour markets are worsening again
  • New recession conditions in Europe have been spilling over globally
  • Policy incoherence has led to heightened uncertainty, preventing stronger investment and faster job creation
  • The continuing nature of the crisis has worsened labour market mismatches, intensifying downside labour market risks
  • Job creation rates are particularly low, as typically happens after a financial crisis
  • The jobs crisis pushes more and more women and men out of the labour market
  • Youth remain particularly affected by the crisis
  • Weak labour markets holding back private consumption and economic growth
  • Despite a recovery over the medium run, unemployment remains elevated
  • Labour productivity growth has slowed sharply, preventing further gains in living standards
  • Structural change has slowed down in emerging and developing economies, damaging engines of growth
  • Further progress in reducing working poverty and vulnerable employment requires higher productivity growth and faster structural change
  • A new consumer class is emerging, but is not yet large enough to constitute an independent engine of growth

 

 

 

Shopper numbers

Footfall Monitor, December 2012: BRC

  • Footfall in December was 1.2% lower than a year ago, a poorer performance than the 0.4% rise the previous month, with the hardest-hit parts of the UK being Wales (-11.5%), the East of England (-7.1%) and the North & Yorkshire (-4.8%).
  • But there was considerable variation across nations/regions, with increases reported in the West Midlands (10.0%), Scotland (6.2%) and Greater London (3.1%).
  • Although shoppers are making fewer trips they are spending more per visit

Retail Sales

Retail Sales, December 2012: ONS

  • In December 2012, year-on-year estimates of retail sales volumes continued to show upward movements seen in the retail sector since August 2011 but the strength of this movement was weaker than in previous months.
  • Compared with December 2011, the quantity of goods bought (all retailing seasonally adjusted sales volumes) in December 2012 was estimated to have increased by 0.3%. Between the same periods the amount spent (all retailing seasonally adjusted sales values) was estimated to have increased by 0.7%.
  • With the exception of December 2010, when retail sales fell sharply as a result of harsh winter weather, the 0.3% year-on-year increase in the quantity bought was the lowest year-on-year growth for the month of December since 1998 (-0.4%).
  • Looking at the monthly picture (December 2012 compared with November 2012) both the quantity bought and the amount spent fell by 0.1%.
  • This December, the proportion of sales made online fell at a slower rate between November and December than seen in previous years a