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Retailers assume that shrink-a measurement of lost inventory as a percentage of sales-is an inevitable occurrence. An anticipated amount of shrink helps create forecasts for how the coming months and years will develop for retailers, balancing out anticipated profits with the tempering effect of a loss. While some sources of shrink can stem from clerical errors and damaged or expired goods, other losses can be caused by retailers’ own employees who steal clothes, electronics, toys, and other goods.
So, what was the impact of internal theft in 2022 in the United States?
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Security Management is the award-winning publication of ASIS International, the preeminent international organization for security professionals. Security Management is written primarily for security professionals. It also makes vital security information understandable to a general business audience, helping ASIS International advance security worldwide. Readers receive timely information on emerging security threats and practical solutions, which they can use to protect people, property, and information.