Retail Theft: A Costly Exercise

Recent reports suggest that shrinkage now costs the average Australian over $424 each year or collectively costing retailers about A$2.7 billion annually.

Shrinkage in the retail sector involves shoplifting, employee or supplier fraud, and administrative errors.

Security leaders in the retail sector should take note of this alarming trend that requires some innovative and careful attention.

More information is available on the following link from Asia-Pacific Security Magazine - http://www.asiapacificsecuritymagazine.com/australias-a2-7-billion-retail-theft-secret/