SHRINKAGE BY THE NUMBERS
Aug 1, 2002 12:00 PM
The cost to retailers of shoplifting and employee theft continues to rise. The following are excerpts from an annual survey of 30 large retail companies representing 12,833 stores with combined 2001 sales in excess of $419 billion.
$182 Million
Total dollar recoveries from both shoplifters and dishonest employees in 2001, an increase of 9.44% over 2000.
622,222
The number of apprehended shoplifters in 2001, a 5.19% increase from 2000.
1 in 27
On a per-company basis, the number of employees apprehended for theft by their employer. (Based on more than 2.2 million employees).
$1.00
The amount recovered for every $27.95 lost to retail theft.
Source: Jack L. Hayes International Inc., a Fruitland, Fla.-based loss prevention and shrinkage control consulting firm.
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
Today's New Product
|
Privaris Biometric Verification SoftwareIn support of the Privaris family of personal identity verification tokens for secure physical and IT access, an updated version of its plusID Manager Version 2.0 software extends the capabilities and convenience to administer and enroll biometric tokens. The software offers multi-client support, import and export functionality, more extensive reporting features and a key server for a more convenient method of securing tokens to the issuing organization. |
advertisement
This month in Access Control
- Targeting The Customer
- Electronic Pedigrees
- One Hero Among Many
- Who? What? When? Where? Why?
- More from September's issue
Latest Jobs
advertisement