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Australian supermarket director exposes rising cost of retail theft

Drakes Supermarkets is losing around $10 million each year largely due to theft in stores, according to company director John-Paul Drake.    Incidents of theft are on the rise with Drakes’ 50+ stores across Queensland and South Australia experiencing shoplifting on a weekly basis.  “We have definitely noticed that theft is on the rise, specifically since after Covid, there’s no doubt about that. We lose approximately $10 million a year on shrinkage – that cove