Recession will bring "tidal wave" of crime to garden centres risk experts warn

British retailers, including garden centres, will face a "tidal wave" of rising crime as the recession hits consumers and businesses, according to a UK's corporate risk specialists.

Training For Success managing director Ian Kirke said incidents of "internal crime", shoplifting and assaults of staff will escalate as consumers come under greater financial pressures.

Kirke warned that cutbacks in security and loss-prevention budgets will bring greater losses.

Kirke said: "Preventing crime is a significant contribution to every company's bottom line. Avoiding ‘shrinkage' - attributable to employee dishonesty - as well as stock loss through shoplifting theft will have a measureable impact.

"With consumer stress levels leading to more assaults on front-line staff, businesses may also find themselves with the additional costs of extended sick leave and having to hire temporary staff. In other words, cutting back on security is very definitely a false economy."

Disloyal employees account for 35% of shrinkage, costing £50 billion a year.

Kirke added: "Many businesses in the retail sector look upon theft as an occupational hazard and we suspect that a reasonable percentage of dishonest stock loss goes unreported.

"There have been important advancements in security systems and technologies but even when suspects are caught issues such as poor management training in this area and concerns over human rights legislation regularly result in businesses taking the ‘safe option' of issuing a warning and taking no further action."

Kirke recommended training from companies with security intelligence, law enforcement training and information gained from reformed criminals.


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Business planning - Demand management

Business planning - Demand management

Seasonal demand may be inevitable but peaks and troughs can be managed to minimise business impact, Neville Stein explains.

What impact will 2017 results have on garden centres' plans for 2018?

What impact will 2017 results have on garden centres' plans for 2018?

Modest growth in 2017 means some garden centres are looking towards rebuilds, extensions and new acquisitions to find growth in a maturing market.

Is local 'reveg' a commercial opportunity in the UK?

Is local 'reveg' a commercial opportunity in the UK?

Botanist Dr Trevor Dines suggests there are commercial opportunities for local seed supply in the UK.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES 2017

See our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles

PLANT SUPPLIERS GUIDE

Free to subscribers, the essential guide for professional plant buyers
 

Download your copy