LOSS PREVENTION RETAIL

Today we look at retail crime, which costs New Zealand more than $1.2 billion annually. 

Retail thefts are costing the New Zealand economy $1.2 billion per year, as shopkeepers and police desperately try to shake the stereotype of a "victimless crime".

Theft contributes to what is known in the industry as “shrinkage.” The category includes inventory loss due to defective or damaged merchandise, vendor fraud, administrative errors, employee theft or shoplifting — and organized retail crime

 

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