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Retail Theft

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Report: U.S. Leads the World in Retail Shrink

Retail loss “penalty” costs average U.S. household $615 annually; dishonest employees biggest contributor.


Latest in Retail Theft

Retail loss “penalty” costs average U.S. household $615 annually; dishonest employees biggest contributor. SSI Staff · November 10, 2015

A comic book caper returned seven copies of Marvel’s Civil War — valued at $1,400 — to JC’s Comics ‘N’ More after an Ohio news station aired surveillance footage of the incident. SSI Staff · July 20, 2015

Video surveillance footage supplied by the owners of the Sports Mart store in the Mondawmin Mall show a rush of young adults scooping up items and ransacking the property. SSI Staff · April 29, 2015

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

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