Cameras at Woolworth checkouts use AI to check items are scanned correctly.
Estimates on how much shoplifting costs the retail sector annually could be as high as $9 billion,he said,totalling between two and three per cent of total stock and equating to a 25 per cent loss in profit.
“It has a significant impact,especially on mum-and-pop stores,which is why retailers are taking this super seriously.”
The number of offences of stealing from retail stores increased in NSW by nearly 40 per cent between March 2021 and 2023,data from NSW Bureau of Crime Statistics and Research shows,while a third of all juveniles on remand in the latest quarter were there for theft.
A Coles spokesperson confirmed that stores used technology in their security,including trolley locking and electronic article surveillance.
Trolley locking technology prevents people from leaving without paying.Credit:Louise Douvis
“While most of our customers do the right thing,unfortunately,a small number don’t. We know that retail crime is on the increase across many retailers,and we continue to work closely with police in this space,” the spokesperson said.
A Woolworths spokesperson also said it had seen an increase in all types of retail crime.