Reduced security spending linked to increased retail shrinkage as retail theft reaches 115 billion dollars worldwide

According to the third annual edition of the Global Retail Theft Barometer, the level of global retail theft reached $114.8 billion in 2009, representing a significant increase of 5.9% over last year’s total of $104.5 billion.The study monitored the costs of shrinkage and crime in the global retail industry between July 2008 and June 2009, and found that the rise in shrink occurred in all regi …[more]