COGNIZANT CONSULTING
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  • Reimagining your business models, products and customer experiences to drive new value.
  • Reinventing and managing your most essential business processes with new ways of working.
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COGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More

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Perspectives

Helping UK Retailers Understand, Combat Growing Shrinkage

2016-12-13


The UK retail sector lost a shocking $5.15 billion to “shrinkage” in 2015. Shrinkage covers inventory losses from employee theft, shoplifting, administrative error, vendor fraud, damage in transit, etc. It is a major issue globally especially in the current economic climate.

This infographic breaks down shrinkage by type and scale. It shines a light on the inadequacy of fraud prevention efforts and outlines strategies that retailers (not just in the UK, but worldwide) can adopt to limit their losses. For more detailed views on issues affecting the retail sector, please visit the Retail section of our website. 

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Helping UK Retailers Understand, Combat Growing Shrinkage