30th Annual Retail Theft Survey – Additional Shrink Stats & Trends

In the Summer 2018 issue (Vol. 33 No. 3) of The Hayes Report on Loss Prevention newsletter we provided statistics on our 30th Annual Retail Theft Survey which reported on over 430,000 apprehensions taking place in just 21 large U.S. retail companies in 2017. These companies represented 16,409 stores with combined 2017 annual sales of over $428 billion.

Below are some additional company total statistics from that survey.

Shrink Trend 2017:

– 61.9% (13 of 21 retailers) had an increase in company shrink.

– 28.6% (06 of 21 retailers) had a decrease in company shrink.

– 09.5% (02 of 21 retailers) had no change in company shrink.

 Shoplifting Apprehensions 2017:

– 47.6% (10 of 21 retailers) had an increase in apprehensions.

– 47.6% (10 of 21 retailers) had a decrease in apprehensions.

– 04.8% (01 of 21 retailers) had no change in company shrink.

Shoplifting Apprehension Recovery Dollars 2017:

– 52.4% (11 of 21 retailers) had an increase in recovery dollars.

– 42.8% (09 of 21 retailers) had a decrease in recovery dollars.

– 04.8% (01 of 21 retailers) had no change in recovery dollars.

Shoplifting Recoveries Without an Apprehension 2017:

– 75.0% (12 of 16 retailers) had an increase in recovery dollars.

– 12.5% (02 of 16 retailers) had a decrease in recovery dollars.

– 12.5% (02 of 16 retailers) had no change in recovery dollars.

(Note: Only 16 of our 21 survey participants reported shoplifting recoveries without an apprehension in 2017.)

Dishonest Employee Apprehensions 2017:

– 57.2% (12 of 21 retailers) had an increase in apprehensions.

– 42.8% (09 of 21 retailers) had a decrease in apprehensions.

– One out of every 35.0 employees was apprehended for theft from their employers in 2017. (Based on over 1.4 million employees.

Dishonest Employee Apprehension Recovery Dollars 2017:

– 47.6% (10 of 21 retailers) had an increase in recovery dollars.

– 52.4% (11 of 21 retailers) had a decrease in recovery dollars.

Unaccounted-for Theft Losses:

– For every $1 recovered by our survey participants, $11.54 was lost to retail theft. Therefore, only 8.7% of total retail theft loses resulted in a recovery.

(Note: Statistics for our 30th Annual Retail Theft Survey can be found on our website at: http://hayesinternational.com/news/annual-retail-theft-survey/ 

There is also a downloadable and printable PDF version of the survey which contains some thoughts behind the numbers.) $

 

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