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How to reduce losses caused by theft at POS

Discussion in 'CSO' started by RSS, Mar 26, 2015.

  1. RSS

    RSS New Member Member

    Retail theft is a huge and costly problem for the industry. According to the “Global Retail Theft Barometer 2013-2014,” released by Checkpoint Systems in October 2014, total shrinkage among retailers in North America was $42 billion for the time period covered by the report.

    North American companies had the highest shrinkage rate in the world, “as it has the highest concentration of retail stores and significantly lower retail loss prevention spend” than other regions, the study notes. U.S.-based discounters, pharmacies/drug stores and supermarkets/grocery retailers had the highest shrinkage rates, stemming from shoplifting, dishonest employee theft and organized retail crime.

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