Retail shrinkage in the UK rose from 1.33% to 1.34% in line with results in many other European countries. In 2000, it had been 1.77% of turnover. in 2002 to 1.33% in 2006.
'Shrinkage' measures stockloss caused by crime, waste and error.
The Costs of Crime: These were the overall 2006 crime costs of UK retailers:
Customer theft
£1877 M
Employee theft
£1082 M
Supplier fraud
£265 M
Card fraud
£61 M
Robbery/burglary
£20 M
Error and waste
£614 M
Security and loss prevention
£772 M
The total UK costs of retail crime consist of the losses from thefts by customers, staff and suppliers, and the costs of security.
