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
On a per case average, employees steal approximately 5.4 times the amount stolen by shoplifters, according to loss prevention consulting firm Jack L. Hayes Int’l.
Rodney Bosch · June 26, 2014
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
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
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