Comment on Shoplifting and Other Fraud Cost Retailers Nearly $50 Billion Last Year

Shoplifting and Other Fraud Cost Retailers Nearly $50 Billion Last Year

Loss of inventory from stores — due to causes including shoplifting and employee theft — cost the U.S. retail industry nearly $48.9 billion in 2016. The National Retail Security Survey, conducted annually by the National Retail Federation trade group, found that the average inventory shrink rate increased to 1.44% in 2016.

 

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