Blog/Portal for Smart FACTORY | CITY | XR | METAVERSE | AI (AI) | DIGITIZATION | SOLAR | Industry Influencer (II)

Industry Hub & Blog for B2B Industry - Mechanical Engineering - Logistics/Intralogistics - Photovoltaics (PV/Solar)
For Smart FACTORY | CITY | XR | METAVERSE | AI (AI) | DIGITIZATION | SOLAR | Industry Influencer (II) | Startups | Support/Advice

Business Innovator - Xpert.digital - Konrad Wolfenstein
More about this here

Retailers Lose Billions to Theft, Fraud and Human Error


Konrad Wolfenstein - Brand Ambassador - Industry InfluencerOnline contact (Konrad Wolfenstein)

Language selection 📢

Published on: January 12, 2019 / update from: January 12, 2019 - Author: Konrad Wolfenstein

Being a retailer is not easy these days. Aside from the obvious problem of having to compete with thousands of online retailers, they also have to contend with shoplifters, dishonest employees and organized criminals. According to a report from the National Retail Federation, U.S. retailers lose an average of 1.33 percent of their sales through inventory depletion, that is, inventory losses associated with theft, shoplifting, error or fraud. Which cost the US retail economy a total of $46.8 billion in 2017.

After surveying 63 retailers in spring 2018, the NRF found that shoplifting (including organized retail crime) was the largest source of inventory loss in 2017, accounting for an average of 35.7 percent of shrinkage. However, internal theft by employees and others was a close second, which is why most retailers take measures to ensure the integrity of potential employees, such as criminal convictions, employment history verification, personal references and drug screening.

Being a brick-and-mortar retailer isn't easy these days. Aside from the obvious problem of having to compete with thousands of online retailers, you also must deal with shoplifters, dishonest employees and organized criminals taking a bite out of your bottom line. According to a report by the National Retail Federation , US retailers lose 1.33 percent of sales on average to inventory shrink, ie a loss of inventory related to theft, shoplifting, error or fraud, costing the US retail economy a total of $46.8 billion in 2017 .

Having surveyed 63 retailers in the spring of 2018, the NRF found that shoplifting by external actors (including organized retail crime) was the biggest source of inventory loss in 2017, accounting for 35.7 percent of shrinkage on average. Internal theft by employees and others was close behind however, which is why most retailers take measures to ensure the integrity of potential employees, such as criminal conviction checks, verification of employment history, personal references and drug screenings.

Infographic: Retailers Lose Billions to Theft, Fraud and Human Error | Statista You will find more infographics at Statista

 

Keep in touch

other topics

  • Non-store retailer – @shutterstock | Optura Design
    Non-Store Retailers - Non-Store Retailers...
  • The 10 Largest Retailers in the World - @shutterstock | Montri Nipitvittaya
    The 10 largest retailers in the world - The 10 largest retailers in the world...
  • Investors invest billions in new crypto-coins - Investors invest billions in new crypto-coins...
  • These brands are closing the most US stores in 2019
    These Brands Are Closing the Most US Stores in 2019...
  • Fortnite made 2.4 billion in 2018 despite being a free-to-play system - Fortnite made 2.4 billion in 2018 despite being free-t...
  • Thanks to Corona: Amazon is expanding its power in retail - Image: Kraft74|Shutterstock.com
    Thanks to Corona: Amazon is expanding its power in retail...
  • Cheating in the dating game
    Cheating at the Dating Game - Cheating at the Dating Game...
  • In retail, Germany plays in the world league...
  • Facebook: From zero to 2.3 billion in 15 years
    Facebook: From Zero to 2.3 Billion in 15 Years - From Zero to 2.3 Billion in 15 Years...
Xpert.Digital R&D (Research & Development) in SEO / KIO (Artificial Intelligence Optimization) - NSEO (Next-gen Search Engine Optimization) / AIS (Artificial Intelligence Search) / DSO (Deep Search Optimization)Contact - Questions - Help - Konrad Wolfenstein / Xpert.DigitalInformation, tips, support & advice - digital hub for entrepreneurship: start-ups – business foundersArtificial Intelligence: Large and comprehensive AI blog for B2B and SMEs in the commercial, industrial and mechanical engineering sectorsBlog/Portal/Hub: Logistics consulting, warehouse planning or warehouse consulting – storage solutions and warehouse optimization for all types of storageBlog/Portal/Hub: Augmented & Extended Reality – Metaverse planning office/agencyBlog/Portal/Hub: Outdoor & roof systems (also industrial and commercial) - Solar carport advice - Solar system planning - Semi-transparent double glass solar module solutions️Blog/Portal/Hub: Smart & Intelligent B2B - Industry 4.0 -️ Mechanical engineering, construction industry, logistics, intralogistics - Manufacturing industry - Smart Factory -️ Smart Industry - Smart Grid - Smart PlantIndustrial Metaverse online configuratorOnline solar system roof & area plannerUrbanization, logistics, photovoltaics and 3D visualizations Infotainment / PR / Marketing / Media 
  • Material Handling - Storage Optimization - Consulting - With Konrad Wolfenstein / Xpert.DigitalSolar/photovoltaics - planning advice - installation - with Konrad Wolfenstein / Xpert.Digital
  • Connect with me:

    LinkedIn Contact - Konrad Wolfenstein / Xpert.DigitalXing Contact - Konrad Wolfenstein / Xpert.Digital
  • CATEGORIES

    • Logistics/intralogistics
    • Artificial Intelligence (AI) – AI blog, hotspot and content hub
    • Renewable energy
    • Heating systems of the future - Carbon Heat System (carbon fiber heaters) - Infrared heaters - Heat pumps
    • Smart & Intelligent B2B / Industry 4.0 (including mechanical engineering, construction industry, logistics, intralogistics) – manufacturing industry
    • Smart City & Intelligent Cities, Hubs & Columbarium – Urbanization Solutions – City Logistics Consulting and Planning
    • Sensors and measurement technology – industrial sensors – smart & intelligent – ​​autonomous & automation systems
    • Augmented & Extended Reality – Metaverse planning office / agency
    • Digital hub for entrepreneurship and start-ups – information, tips, support & advice
    • Agri-photovoltaics (agricultural PV) consulting, planning and implementation (construction, installation & assembly)
    • Covered solar parking spaces: solar carport – solar carports – solar carports
    • Energy-efficient renovation and new construction – energy efficiency
    • Power storage, battery storage and energy storage
    • Blockchain technology
    • Sales/Marketing Blog
    • AIS Artificial Intelligence Search / KIS – AI search / NEO SEO = NSEO (Next-gen Search Engine Optimization)
    • Digital intelligence
    • Digital transformation
    • E-commerce
    • Finance / Blog / Topics
    • Internet of Things
    • Robotics/Robotics
    • China
    • Military
    • Trends
    • In practice
    • vision
    • Cyber ​​Crime/Data Protection
    • Social media
    • eSports
    • Wind power / wind energy
    • Innovation & strategy planning, consulting, implementation for artificial intelligence / photovoltaics / logistics / digitalization / finance
    • Cold Chain Logistics (fresh logistics/refrigerated logistics)
    • Solar in Ulm, around Neu-Ulm and around Biberach Photovoltaic solar systems – advice – planning – installation
    • Franconia / Franconian Switzerland – solar/photovoltaic solar systems – advice – planning – installation
    • Berlin and the surrounding area of ​​Berlin – solar/photovoltaic solar systems – consulting – planning – installation
    • Augsburg and the surrounding area of ​​Augsburg – solar/photovoltaic solar systems – advice – planning – installation
    • Expert advice & insider knowledge
    • Press – Xpert press work | Advice and offer
  • Further articles cloudy prospects for German advertisers - bleak prospects for German advertisers
  • New article Intelligent loudspeakers penetrate American households - Smart Speakers Make Inroads Into American Homes
  • Xpert.Digital overview
  • Xpert.Digital SEO
Contact/Info
  • Contact – Pioneer Business Development Expert & Expertise
  • contact form
  • imprint
  • Data protection
  • Conditions
  • e.Xpert Infotainment
  • Infomail
  • Solar system configurator (all variants)
  • Industrial (B2B/Business) Metaverse configurator
Menu/Categories
  • Logistics/intralogistics
  • Artificial Intelligence (AI) – AI blog, hotspot and content hub
  • Renewable energy
  • Heating systems of the future - Carbon Heat System (carbon fiber heaters) - Infrared heaters - Heat pumps
  • Smart & Intelligent B2B / Industry 4.0 (including mechanical engineering, construction industry, logistics, intralogistics) – manufacturing industry
  • Smart City & Intelligent Cities, Hubs & Columbarium – Urbanization Solutions – City Logistics Consulting and Planning
  • Sensors and measurement technology – industrial sensors – smart & intelligent – ​​autonomous & automation systems
  • Augmented & Extended Reality – Metaverse planning office / agency
  • Digital hub for entrepreneurship and start-ups – information, tips, support & advice
  • Agri-photovoltaics (agricultural PV) consulting, planning and implementation (construction, installation & assembly)
  • Covered solar parking spaces: solar carport – solar carports – solar carports
  • Energy-efficient renovation and new construction – energy efficiency
  • Power storage, battery storage and energy storage
  • Blockchain technology
  • Sales/Marketing Blog
  • AIS Artificial Intelligence Search / KIS – AI search / NEO SEO = NSEO (Next-gen Search Engine Optimization)
  • Digital intelligence
  • Digital transformation
  • E-commerce
  • Finance / Blog / Topics
  • Internet of Things
  • Robotics/Robotics
  • China
  • Military
  • Trends
  • In practice
  • vision
  • Cyber ​​Crime/Data Protection
  • Social media
  • eSports
  • glossary
  • Healthy eating
  • Wind power / wind energy
  • Innovation & strategy planning, consulting, implementation for artificial intelligence / photovoltaics / logistics / digitalization / finance
  • Cold Chain Logistics (fresh logistics/refrigerated logistics)
  • Solar in Ulm, around Neu-Ulm and around Biberach Photovoltaic solar systems – advice – planning – installation
  • Franconia / Franconian Switzerland – solar/photovoltaic solar systems – advice – planning – installation
  • Berlin and the surrounding area of ​​Berlin – solar/photovoltaic solar systems – consulting – planning – installation
  • Augsburg and the surrounding area of ​​Augsburg – solar/photovoltaic solar systems – advice – planning – installation
  • Expert advice & insider knowledge
  • Press – Xpert press work | Advice and offer
  • XPaper
  • XSec
  • Protected area
  • Pre-release
  • English version for LinkedIn

© May 2025 Xpert.digital / Xpert.Plus - Konrad Wolfenstein - Business Development