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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Ladies and gentlemen, welcome to the Cognizant Technology Solutions First Quarter 2024 Earnings Conference Call. (Operator Instructions) I would now like to turn the conference over to Mr. Tyler Scott ...
05/2/2024 - 1:37 am | View Link - Surge in fraud for those 60 or older costs them billions, FBI says
The FBI's report on fraud schemes targeting the elderly found that Americans over 60 lost more than $3.4 billion to scams in 2023, with tech support and data breaches the most common.
05/1/2024 - 8:26 am | View Link - Rise of the inside job: the £3bn theft shops don’t want to talk about
The cost of staff theft has risen to £3.3 billion a year, compared with £4.7 billion for shoplifting, and accounts for 40 per cent of all retail theft ...
04/27/2024 - 12:01 pm | View Link - Shoplifting offences rise to highest level since records began: Store thefts jump by more than a THIRD compared to 2022
The survey indicates that incidents of fraud and criminal damage are both ... Meanwhile, the British Retail Consortium said thefts cost retailers £1.8billion in 2022-23, up from £953million ...
04/24/2024 - 9:37 pm | View Link - Royal Mail's £5 fake stamp fines are a cynical way to make us pay for its failures
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