Preliminary Findings from the Latest National Retail Security Survey Find U.S. Retailers Lost More than $34 Billion to Theft in 201106/21/2012
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.