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Report: Shrink Cost U.S. Retailers $42B in 2013

The latest Global Retail Theft Barometer study finds retail shrink costs the average U.S. household $403 annually; cost of retail crime as percentage of revenue rose 27% in the U.S.


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The latest Global Retail Theft Barometer study finds retail shrink costs the average U.S. household $403 annually; cost of retail crime as percentage of revenue rose 27% in the U.S. SSI Staff · November 11, 2014

Massive change is afoot in the retail sector as legacy standalone technologies give way to the cross-functional uses offered by networked systems. Gaining a keen sense of how organizations are evolving, and what challenges and needs confront them, can create problem-solving opportunities. By Rodney Bosch · July 01, 2013

LP Network, dba Security Source, a loss prevention company that provides lock and hardware, video surveillance, and access control products, has acquired the assets of video surveillance solutions provider Martco. May 20, 2013

Vector Security has awarded a total of $18,500 in scholarships to 20 individuals as part of its Loss Prevention Foundation (LPF) scholarship program. April 22, 2013

To address the rise in employee theft among its national customers, Vector Security has teamed up with loss prevention service Risk Management Services Loss Prevention (RMSLP). February 20, 2013

Retailers lost $34.5 billion in theft in 2011, a decrease of $2.6 billion compared to the previous year, according to the National Retail Security Survey (NRSS). June 20, 2012

Shoplifters and dishonest employees swindled more than $6 billion from 24 major retailers in 2011, according to a new survey by loss prevention consulting firm Jack L. Hayes Int’l. June 04, 2012

Vector Security has awarded scholarships to 25 individuals as part of its Loss Prevention Foundation (LPF) scholarship program, which provides financial support to loss prevention professionals in the retail industry. April 16, 2012

Vector Security has teamed up with Spacenet Inc., a data network services provider, to offer managed network services to its national accounts and retail customers. January 18, 2012

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


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