THIEVES STEALING RETAILERS’ CHEER
IT doesn’t look like there will be too much Christmas cheer for retailers this year. With new headlines of the highest unemployment in 13 years, WA mums and dads are likely to be a little more careful with the cash. The WA unemployment rate rose to 6.6 per cent in November, with more than 95,000 looking for work, which is likely to dampen Christmas consumer spending. But shoplifters also put a strain on profits. A report from the Australian Retail Association predicted retail theft would reach $1.4 billion in the six weeks before the holiday. That is a staggering figure, accounting for 3 per cent of all retail spend in Australia. Roy Morgan Research expected Aussies to fork out a whopping $46 billion for Christmas this year. So the poor old shopkeepers not only have to work harder for our business, they also have to be hyper vigilant about thieves stealing the icing off their Christmas cake.