Latest National Retail Security Survey Reveals Higher Shrinkage Rate

The 2008 National Retail Security Survey was released today (10/5/09) by the National Retail Federation. This year’s shrinkage rate, 1.51%, which translates to $36.3 billion is significantly higher than last year’s shrinkage rate 1.44%.

Two potential causes for this rise in shrinkage: (1) pressures on retail managers to reduce labor costs have them cutting back on LP departments/hours; and (2) customers and employees pressured by the economy have resorted to shoplifting and other shrinkage-related fraud with greater frequency.

in reference to:LPInformation.com > Home (view on Google Sidewiki)