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U.S. Retail Lost $46.8 Billion in Inventory Shrink Cost

retail industry
Photo Credit: Jim via Flickr cc

A 2018 survey by the National Retail Federation showed that shrink — loss of inventory related to theft, shoplifting, error, or fraud — cost the retail industry $46.8 billion. The survey also found that 41 percent of retailers reported increases in their overall inventory shrink.

In 2019, retail crime remains one of the most serious problems facing superstores, retail chains and grocery stores.

Read more at Forbes.