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Group Project: Shoplifting

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Submitted By kristopherlynne
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Shoplifting Prevention

Prepared for
Mrs. Walsh
President
Walsh Retail, Inc.

Prepared by
Ryan Kim, Kristina Stuckwisch, Doug McClure, Tyler Gunderson
Accounting Department, Walsh Retail, Inc.

November 20, 2012
WALSH RETAIL, INC.

MEMORANDUM

Date: November 20, 2012
KS RK DM TG
KS RK DM TG

To: Jessica Walsh, President

From: Kristina Stuckwisch, Ryan Kim, Doug McClure, Tyler Gunderson Accounting

Subject: Letter of Transmittal

Dear Mrs. Walsh:

The following report, requested by you in October of this year, examines reasons for shoplifting in an attempt to understand company losses.

This study was undertaken with the intent of highlighting different methods of reducing shoplifting at Walsh Retail, Inc.

The following topics are covered in the report:

* Methods of reducing shoplifting in other companies

* Statistics on the demographics of shoplifters

* Items most likely to be shoplifted

Research was conducted entirely online and only reputable internet sources were used.

The entire research team is at your disposal should you wish to discuss our report at any time.

Table of Contents
Executive Summary…………………………………………………….
Introduction…………………………………………………………….
Background…………………………………………………………………..
Body………………………………………………………………………
Why do people steal?……………………………………………
What are the characteristics of the shoplifters?……………………………………………
What items are most likely to be stolen?……………………………………………
How much money does a company lose to shoplifting on average?……………………
Conclusion………………………………………………………………………
Recommendations……………………………………………………………
1. Reorganization of Stores’ Structure……………………………………………
2. Warning Signs on the most stolen items……………………………………
References………………………………………………………………………

List of Figures 1. Distribution of Total Employer Losses…………………………………
2. The Effect of

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