Losses from shrink — comprised of shoplifting, employee or supplier fraud, organized retail crime (ORC) and administrative errors — cost retailers worldwide $112 billion, representing 1.4% of retail sales, according to a new report.
November 14, 2013
Global retail theft totalled $119 billion during the 12-month period ending in June, a 6.6 percent increase compared to the same period one year ago, according to a new report.
October 18, 2011
Global shrink retreated 5.6 percent during the most recent 12-month period, according to the 4th annual Global Retail Theft Barometer, reversing last year's spike in shrink rates in every geographic market.
October 31, 2010
Global retail theft totaled $107.3 billion between July 2009 and June 2010, representing a 5.6 percent decrease compared to the same period one year ago, according to a new report ...
October 19, 2010
Retail theft jumped 8.8 percent this year, as the economy turned sour and U.S. merchants scaled back on security expenditures ...
November 10, 2009