Grocers making a dent in shrink rate

October 2006
Progressive Grocer;10/15/2006, Vol. 85 Issue 15, p8
Trade Publication
The article focuses on results of the Supermarket Security and Loss Prevention 2006 report of the Food Marketing Institute in the U.S. According to the report, food retailers used technology, surveillance, hotlines and other tactics to decrease losses from theft and other forms of shrink to 1.69 percent of sales in 2005, down from 2 percent the previous year. Employee theft, shoplifting and organized retail crime ranked as the top three most serious causes of losses.


Related Articles

  • Retail Fraud: How to out-think shrink. Snocken, David // European Retail Digest;Summer2004, Issue 42, p52 

    Deals with shrinkage or business loss experienced by retailing companies. Disadvantages of security measures taken by companies to prevent loss; Percentage of shrinkage due to employee theft and shoplifting; Information on the internal sources of business loss; Ways by which retailers can...

  • Shoplifting lower at supermarkets than all retail, survey says.  // Supermarket News Exclusive Insight;6/25/2015, p1 

    The article focuses on a national retail security survey conducted by the University of Florida and the National Retail Federation (NRF). Topics covered in the survey include decrease in employee theft and shoplifting at supermarkets in 2014; shrinkage at supermarkets caused by paperwork error...

  • Retail theft: staff second only to shoplifters.  // DIY Week;7/27/2012, p3 

    The article reports on the results of the Retail Fraud Study 2012 from Martec International which found that employee theft comes second to shoplifting as a factor to fraudulent losses in retailers.

  • Global retail theft costs retailers $128bn. Woodard, Richard // Aroq - Just-Style.com (Global News);11/10/2014, p1 

    The article discusses the Global Retail Theft Barometer study conducted by the research firm Smart Cube, reprinted from the journal's website published on November 7, 2014. It revealed the total cost of shoplifting, employee and supplier fraud and administrative errors to the global retail...

  • Shoplifting and attacks on staff continue to rise.  // DIY Week;11/9/2007, Issue 5497, p4 

    The article reports on the increase in number of detected customer theft and violent attacks against retail staff in Great Britain for 2007. Losses from such theft rose 8.5% from £189 million a year to $205 million. It reveals that across stores of all types the number of detected shoplifting...

  • The Song Remains the Same.  // Chain Store Age;Mar2008, Vol. 84 Issue 3, p24 

    The article presents the results of the survey conducted by Retail Systems Research (RSR) which asked to identify the key sources of losses among chain stores. Survey respondents overall focused on perennial concerns such as employee theft of merchandise, customer theft of merchandise and...

  • Businesses Fight To Reduce Theft. Daks, Martin C. // njbiz;5/21/2007, Vol. 20 Issue 21, p17 

    The article reports on shrinkage in New Jersey businesses. Shrinkage is the disappearance of inventory due to theft and has caused billions in losses. According to Robert Oberosler of Pathmark Stores Inc., trying to identify weak links and develop systems to guard against shrinkage is a...

  • Who's Minding the Store Theft? Silverman, Dick // DNR: Daily News Record;5/24/99, Vol. 29 Issue 61, p8 

    The article reports that theft issues in retail stores done by shoplifters and employees have cost retailers 26 billion dollars in 1998 in the U.S. It states that the shoplifting trend has continued and increased to 1.72% of total retail sales as indicated by the National Retail Security Survey...

  • Shrink Rap. Webb, Craig // Prosales;Mar2012, Vol. 24 Issue 2, p60 

    The article discusses the need for building material dealers to seriously manage their inventory. Among the problems faced by such dealers are the thieving employee, the shoplifting customer, the error-prone record-keeper, and the reckless forklift driver. The results of the University of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics