Report: Global shrink up 6.6{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea}

 In International

Philadelphia — A report released Tuesday by Checkpoint Systems and the Centre for Retail Research found that global shrink has reached its highest level since it began measuring the data in 2007.

n

According to the Global Retail Theft Barometer, shrink is up 6.6{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} globally and up 6{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} in the United States over last year. Costs globally are $119 billion and the overall shrink rate is 1.45{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} of sales. Driving the increases are rises in shoplifting, employee fraud and organized retail crime rates.

n

The study, which monitored the cost of shrink (loss from shoplifting, employee theft and administrative errors) in the global retail industry between July 2010 and June 2011, found that shrink increased in all regions surveyed. Customer theft, including shoplifting and organized retail crime, up 13.4{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea}, was the primary cause in most countries costing retailers $51.5 billion or 43.2{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} of shrink. Chain Store Age – Read more…

n

 

Recent Posts

Leave a Reply