Retail :- Cash theft on the rise

According to a report by Retail Systems Research (RSR), retailers are increasingly concerned about workers stealing cash. The survey titled "Loss Prevention 2010: Retailers Battling Shrink in Tough Times" said more than 45% respondents listed theft of cash by employees as one of their top three concerns, which is 13 % more than in 2008. Traditionally employee theft has been the largest portion of the retail crime pie. The report further noted that shoplifting or theft by consumers and gangs is on the rise. The industry is reducing the number of employees in the stores and creating more opportunities for shoplifting and gangs. Further, the recession has led to increased opportunities to re sell discounted stolen items online to bargain-hungry consumers.