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Employee Theft: the Grinch of a Retailer’s Season

While the holiday season is the most profitable time for retailers, the unfortunate reality is that it is also the most prevalent time of the year for employee theft. Understanding whats covered and not covered in fidelity coverage can help retailers maximize insurance assets to avoid employee theft dissipating seasonal...

By Selena J. Linde, Michael T. Sharkey | Updated on December 22, 2011

While the holiday season is the most profitable time for retailers, the unfortunate reality is that it is also the most prevalent time of the year for employee theft.

Increased store traffic, management’s attention on keeping stock available, and the barrage of seasonal employees create an environment ripe for crimes of opportunity. According to the Centre for Retail Research, U.S. Retailers’ losses from employee theft last year were in excess of $18.4 billion.

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