Preliminary Findings from the Latest National Retail Security Survey Find U.S. Retailers Lost More than $34 Billion to Theft in 2011

Retail theft, including shoplifting, employee theft, administrative error and vendor fraud is down, according to an annual survey recently conducted by the University of Florida with a funding grant from ADT Commercial Security, soon to be Tyco Integrated Security, the industry’s leading security systems integrator. The National Retail Security Survey 2011 report found that theft as a percentage of revenue was 1.41 percent, down from 1.49 percent in the previous findings. This calculates to an approximate $2.6 billion decline in losses.