H&M Is Hiring More Security as Shoplifting Rises in US


H&M’s chief executive officer Helena Helmersson said on Wednesday shoplifting has been a particular problem in the US, and the world’s No. 2 fashion retailer is looking at taking steps such as increasing security in its stores.

“What is standing out is … the US,” she told Reuters in an interview, adding that retail theft is an industry-wide issue.

Her comments come after the company’s chief financial officer said that shoplifting has been rising in recent months and that the fast-fashion retailer was looking at solutions.

The executives are the latest at a major retailer to warn about the growing problem.

“It is an increasing problem in many markets,” CFO Adam Karlsson said on a call with media after the company released quarterly results.

By Helen Reid and Josephine Mason; Editor: Jan Harvey

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Zara Finds Shoplifters Outsmarted Its New Security System

The British Retail Consortium reported that store theft increased by 27 percent last year across the UK’s 10 largest cities.

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