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Weak global economy contributed to $112 billion loss from retail theft

Global Retail Theft Barometer: Losses from shoplifting, employee and supplier fraud, organized crime and administrative errors amounted to 1.4 percent of retail sales. Brazil, Mexico and the U.S. had the highest shrinkage rates, which cost shoppers $300 per household. The study is based on phone interviews and written surveys conducted with retailers covering 160,000 stores worldwide and $1.5 trillion in sales. The most popular items were fashion accessories, jeans, footwear, Apple products, electronic games, GPS gadgets and cases.”]

Source: https://www.csoonline.com/article/2134149/weak-global-economy-contributed-to–112-billion-loss-from-retail-theft.html

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