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)
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Samples in periodicals archive:
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.