The annual National Retail Security Survey, now in its 25th year, provides loss prevention leaders with insights about internal and external retail crime. This year’s results provide compelling statistics on inventory loss and its financial impact. Among other topics, the report addresses point-of-sale data mining and closed-circuit television. This study helps retailers take note of the incremental and significant changes within loss prevention as the industry continues to evolve.
Key findings:
- The impact of shrinkage on the retail industry continues to be sizeable.
- Most retailers continue to rely on LP professionals to apprehend shoplifters.
- Shoplifting has surpassed employee theft as the greatest cause of inventory shrink.
The 2016 NRSS, sponsored by The Retail Equation, is the result of NRF’s strategic collaboration with Dr. Richard Hollinger of the University of Florida.