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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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