According to the Global Retail Theft Barometer, an annual report produced by the Centre for Retail Research (with funding from Checkpoint Systems), the overall "shrink rate" - losses from shoplifting, employee theft and administrative error - for United States retailers was 6% in 2011, with over 44% of it coming from employee theft and over 43% coming from shoplifting.
What does GRTB stand for?
GRTB stands for Global Retail Theft Barometer (Centre for Retail Research survey; Nottingham, England, UK)
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Organizations, NGOs, schools, universities, etc.
- Business, finance, etc.
See other definitions of GRTB
- Group Randomized Trial (clinical trial)
- Group Rapid Transit
- Gruppo per le Relazioni Transculturali
- Gypsy, Roma and Traveller
- Gas Rapid Thermal Anneal (heating method)
- General Refinery Turn Around (oil & gas industry)
- Georgia Regional Transportation Authority
- Grand Rapids Transit Authority
- Greenwich Riding and Trails Association (Greenwich, CT)
- Gruppo Ricerca Tecnologie Appropriate (Italian: Appropriate Technology Research Group; Cesena, Italy)
- Greyhounds Reach the Beach
- Ground Return Transfer Breaker (electrical energy)
- Good Riddance to Bad Rubbish
- Georgia Rehab Technology Council
- Graduate Research Training Program
- Grand Rapids Track Club (Michigan)
- Great River Taoist Center (est. 1984; Washington, DC)
- Greater Richmond Technology Council (Glen Allen, VA)
- Greater Richmond Transit Company
- Ghana Road Transport Coordinating Council
Samples in periodicals archive:
The Centre for Retail Research's Global Retail Theft Barometer estimates that approximately $40.
Eager to gain control, retailers are increasing loss prevention spending, according to the fifth annual Global Retail Theft Barometer 2011, a study released by The Centre for Retail Research, based in Nottingham, England.
According to the latest Global Retail Theft Barometer, published by the UK-based Centre for Retail Research, global retail shrinkage through theft in 2010 is worth US dollars USD107.
Another study by the Global Retail Theft Barometer 2009 also found more 'middle-class' people were now stealing in order to maintain their standard of living.
1billion a year, according to the Global Retail Theft Barometer.
34% of retail sales, according to the second annual Global Retail Theft Barometer survey conducted by the Centre for Retail Research and sponsored by Checkpoint Systems.
Bad economy leads to rising retail theft According to the second annual Global Retail Theft Barometer, the cost of retail crime, calculated on the basis of crimes by customers, employees and suppliers/vendors (excluding internal error), plus the costs of loss prevention, were $112.