Shoplifting cost the world $112 billion last year:-
Retail theft or cower or supplier fraud and organized retail crime, cost retailers over $112 billion worldwide last year, reported by the 2012-2013 Global Retail Theft Barometer.The study surveyed 157 companies in 16 countries covering 160,000 stores.In 2012 more than $1.5 trillion companies generated sales.The highest shrink rates were recorded in Brazil and Mexico at 1.6 percent, the U.S. and China at 1.5 percent.The lowest rates were seen in Japan and Australia at 1.0 and 1.1 percent.Share this on your favourite network
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