With retail theft at an all-time high, retailers must turn to automation and data to combat this ever-growing problem.
When it comes to retail theft, we’re talking big numbers. Shoplifting and other types of retail theft account for more than a quarter of the US$35.28 billion annual retail loss that is a consequence of preventable inventory issues, according to the 2011 National Retail Security Survey. 1. Those losses come from a variety of sources including employee theft, shoplifting, paperwork errors and supplier fraud. Shoplifting accounted for approximately 35.7 per cent of total losses, up from just over 32 per cent the prior year, according to the survey.