"Know their past to Secure your future"

How much do stores lose from theft? Peter Baskerville , Managed 30 retail stores of my own + 10 years in a retail department store.   Author has 1.7k answers and 10.9m answer views It just goes to show that there is someone somewhere conducting a study into something the makes the world tick when "The Barometer" conducts a comprehensive global study into the cost of merchandise theft for the retail industry in 2013-2014 right here - The Barometer That particular report puts the global shrinkage rate (loss from shoplifting, staff theft, supplier fraud) at 1.29% of sales turnover which is lower than what I experienced in the 10 years I worked in an Australian department store in the 80s where the figure was generally around the 2% mark. The report does say that if you add the cost of theft prevention to the cost of actual theft, you get rate of 1.81% of sales. Some interesting statistics that come out of the report incl

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