(Reuters) - The National Retail Security Survey, conducted by the National Retail Federation and University of Florida, found that total retail losses increased to $41.6 billion in 2006 from $37.5 billion in 2005 as overall retail sales rose.
Retail shrinkage -- which measures inventory losses due to employee theft, shoplifting, organized retail crime, administrative error and vendor fraud -- averaged 1.61 percent of retail sales last year, which was nearly unchanged from 1.60 percent in 2005.
Read more at Reuters.com Business News
Retail shrinkage -- which measures inventory losses due to employee theft, shoplifting, organized retail crime, administrative error and vendor fraud -- averaged 1.61 percent of retail sales last year, which was nearly unchanged from 1.60 percent in 2005.
Read more at Reuters.com Business News
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