Friday, October 26, 2007

Finnish Figures for Losses Caused by Shoplifting Among Highest in Europe

According to the Federation of Finnish Commerce estimates, the nationwide annual loss caused by shoplifting is about EUR 437 million, which translates to 1.34 percent of the total net sales. Whilst this marks a decline from a 2003 study, the figure is still one of the highest in Europe. Of this sum, the actual thefts constitute around EUR 360 million. Another 50 to 100 million is spent on surveillance systems.

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