ADT Security Services
Retailers Report Rise in Shoplifting and Related Retail Theft Breaking Six-Year Downward Trend
Published in Medical Verdicts and Law Weekly, July 2nd, 2009
Retail theft, including shoplifting, employee theft, administrative error and vendor fraud, is up, according to a recent annual survey conducted by the University of Florida with a funding grant from ADT Security Services. The National Retail Security Survey (NRSS) preliminary results show a real increase in the rate of retail theft for the first time in six years. In 2007, the lowest rate of retail theft in the 18-year history of the survey was reported at a rate of 1.44 percent of overall retail sales. Last year that rate rose to 1.52 percent of sales translating into losses of $36.5 billion.
These preliminary shoplifting and retail theft rates are calculated as a...
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