Tuesday, June 16, 2009

Retail Theft and Inventory Shrinkage

Retail Theft:

Employee theft
Shoplifting
Vendor fraud
Administrative error

Statistics:

2007 Losing $43 Billion to Theft
1.7% of their total annual sales
Last year - Losing $49.5 billion to Theft

Where Inventory Shrinkage Happens:




What's the Harm?


Impacts everyone especially Consumers
Average family of four : > $440 this year in higher prices because of inventory theft
Theft’s Target: hot selling items on the holiday shopping season

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