Honey, I shrunk the shrinkage.
In 2014-15, global retail shrinkage topped out at $128 billion for the world’s largest economies, or 1.29 per cent of total revenue. That is a sum analogous to the GDP of Kazakhstan lost and stolen from stores and distribution centres every year. Not an insignificant figure by any stretch.
In the following analysis, we speak to a number of loss prevention experts and ask them for their advice on how to shrink the shrinkage.
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