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Shrinkage is an issue for every major retailer, with varying
levels across different countries |
According to the European Theft Barometer 2005 published by the
Centre for Retail Research, costs caused by retail crime accounted for around
£22 Million/€32.4 in 2005. The average shrink in western Europe is 1,24% with
the UK on top of the list with 1,38%. |
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Please choose a country: |
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Please
enter your
annual turnover (in Million £/€ ): |
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Million £/€ |
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The average shrink level in
your country* |
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Your
potential loss through
shrinkage every year |
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Million £/€ |
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*
Source: European Theft Barometer 2005, Centre for Retail Research |
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Typically, LOSS can be traced back to 3 major sources |
LOSS
caused by internal fraud and admin errors
app. 59,4%** |
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Million £/€ |
LOSS
caused by shoplifting
app. 31,8%** |
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Million £/€ |
LOSS
caused by vendor issues and other problems
app. 8,8%** |
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Million £/€ |
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**
Source: Gartner Research 2004 |
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A
dedicated Loss Prevention solution helps reduce shrink substantially |
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reduced loss in year 1 (10%)*** |
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£/€ |
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reduced loss in year 2
(15%)*** |
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£/€ |
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reduced loss in year 3
(20%)*** |
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£/€ |
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loss reduction in 3 years: |
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£/€ |
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*** Based on the average reduction in
shrinkage experienced by IntelliQ customers after the implementation of RetailKey LP |
"With an annual 25bn inventory shrink problem, retailers
have made implementing technologies that can help slash this growing risk a
top priority. ... Retailers that have deployed technology in this area have
reduced shrink by 35% on average."
Rob Garf, Senior Research Analyst
AMR |
