Poundland is investing heavily in security measures to combat shoplifting, having lost over 40 million worth of stock last year due to theft and abuse. The retailer plans to equip staff with anti-theft technology, including body-worn cameras, which have been shown to significantly reduce violence and shrinkage rates in trial runs. This decision follows a reported 30% increase in stock shrinkage over the past two years and reflects the rising concerns for employee safety in a challenging retail environment.
The escalating incidences of theft and abuse at Poundland stores have prompted significant investments in security. Reports indicate that the company has experienced a distressing rise in stock loss, amounting to about 52 million euros, driven by shoplifting and related crimes. The introduction of anti-theft technology, primarily body-worn cameras for staff, aims to address both safety and financial concerns, as evidenced by an 11% reduction in violence against employees during trial implementations.
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