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Fortune

Ryan Hogg

Supermarket boss says thieves are becoming more ‘sophisticated’ as losses from shoplifting exceed profits

Jumbo Van Veen ANP

woman picking some goods from the shelf while out shopping for groceries at her local supermarket. (Credit: Tom Werner—Getty Images)

Shoplifters are fast becoming the biggest thorn in the side of retailers, with a Dutch supermarket adding its voice to a global clamor of chains sounding the alarm on spiking rates in crime.

Retail chain Jumbo is bracing to take a €100 million ($110 million) hit from shoplifting last year, exceeding an expected profit of around €80 million ($88 million), the group said Wednesday during its earnings release, NL Times reported via news agency ANP.

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