Woman stealing a shirt in a shop
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Theft, loss and fraud cost UK shops £3.4bn in 2012

Britain's shops lost more than £3.4bn worth of goods to theft, fraud or loss last year, according to figures from Checkpoint Systems.

That is more than 1% of the total amount spent in the stores.

Neil Matthews from Checkpoint Systems gave the BBC a breakdown of the figures and explained why retailers could not cut all crime.

"If they start locking products up, which they used to do, then they get a decline in sales," he said.

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