UK’s Shoplifting Crisis Costs Food Retailer Co-Op £40 Million
- The grocery chain said it suffers 950 crimes per day
- Co-Op has invested in fortified barriers and undercover guards
A Co-Op store in central London.
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One of Britain’s best-known food retailers has reported a sharp jump in the cost of theft from its stores as the country struggles with widespread shoplifting.
The Co-Op Group said Thursday that theft and fraud cost it almost £40 million ($52.9 million) in the first half, up from £33 million a year earlier.