Survey: Retail losses are up - Nashville Business Journal:

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billion in 2007 to $36.5 billion in 2008, accordinh to a survey by and the Universityyof Florida. Retail shrinkage averaged 1.52 percent of retail sales in 2008, up from 1.44 perceny a year earlier. “The increase in shrink levels signifies that criminals have founde a way to manipulate and corrupt theretaill industry,” said Richard lead author of the report and professot of criminology at the University of Florida.
“Many retailers are being forced to decreased their current expenditures because of the state of the economy and the cut back in consumer which leaves new opportunities for thieves to take advantage of Most 2008 retail shrinkage was because of employee theft, which totaled $15.90 billion, or almost half of losses (44 percent). Shopliftinh accounted for $12.7 billion (35 percent) of losses. Otherd losses included administrativeerror ($5.4 billion and 15 percenr of shrinkage) and vendor fraud ($1.r4 billion and 4 percent of shrinkage).