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- Self-checkout theft cost the retail industry $1.6 billion in 2015.
- When Voucher Codes Pro surveyed 2,634 people, nearly 20 percent admitted to having stolen at the self-checkout in the past.
- More than half of those people said they gamed the system because detection by store security was unlikely.
- Gen Z was the most sticky-fingered generation surveyed, shoplifting at twice the rate of the overall group.
- Individuals with household incomes over $100,000 per year were the most likely to steal from self-checkout compared with lower income brackets.
- "We believe technology can have a meaningful impact on reducing theft," Grabango CEO Will Glazer told The Street.
- One study revealed that about 6.7% of orders had some items that went unscanned at the self-checkout kiosks – far higher than the typical 0.3% shrink rate for a fully-staffed checkout.
- Experts say that self-checkouts contribute to higher product losses from errors and intentional shoplifting.
- I talked to Terrence Schulman, an author, therapist, and lawyer to find out why wealthier people might be so tempted by self-checkout.
Is it risky to use self-checkout?
- Self-checkout theft cost the retail industry $1.6 billion in 2015.
- When Voucher Codes Pro surveyed 2,634 people, nearly 20 percent admitted to having stolen at the self-checkout in the past.
- More than half of those people said they gamed the system because detection by store security was unlikely.
The Evolution of Self-Checkout
- But is the self-checkout finally falling out of favor with retailers?
- Managing director Nigel Murray told the BBC the machines were ‘unreliable and impersonal.’
- And it appears to be only a matter of time until American chains follow suit as rising theft rates make the services more and more unviable.