National Retail Security Survey 2015
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Inventory shrink amounted to $44 billion in losses for retailers in 2014. "Inventory shrink" includes:
- Shoplifting (38%)
- Employee/internal theft (34.5%)
- Administrative and paperwork errors (16.5%)
- Vendor fraud or error (6.8%)
- Unknown loss (6.1%)
When it comes to loss prevention budgets, nearly 2 in 5 of loss prevention executives surveyed say their budget for 2015 increased over last year.
Download the study for more details.
The National Retail Security Survey (NRSS), now in its 24th year, is a nationwide annual study of key benchmarks for retail loss prevention covers inventory shrink, employee integrity, external retail crime and more. This invaluable tool serves both retail and solution provider communities and our law enforcement partners, and also helps inform policymakers and the media.
The 2015 NRSS, sponsored by The Retail Equation, is the result of NRF’s strategic partnership with Dr. Richard Hollinger of the University of Florida.
Related press release: Retailers Estimate Shoplifting, Incidents of Fraud Cost $44 Billion in 2014