Retail theft on the rise

Shoplifting losses rose $1 billion last year, to $12.9 billion, according to National Retail Federation figures, as the down economy apparently spurred more stealing. With seasonal crowds come more opportunities for customer theft, which accounts for about half of all shrinkage. Stealing by employees makes up the balance, NRF says.

Post and Courier (Charleston, S.C.), The | 12/07 Bookmark and Share

This story published in NRF SmartBrief on 12/07/2009





More from SmartBrief:

Video: NRF's Neil Trautwein responds to Wal-Mart announcement:

Wednesday, July 1, 2009

Last-minute shoppers showing up

Thursday, December 24, 2009

NRF's Mallory Duncan discusses swipe fees

Friday, October 16, 2009

Get stories like these delivered daily for FREE:
NRF SmartBrief
Designed specifically for retail professionals, NRF SmartBrief is a FREE daily e-mail newsletter. It provides the latest need-to-know news and industry information that maximizes your time, giving you an edge over your competition. Learn more