With a score of 1.37% (which is also the average for Central Europe), Slovakia faired much better than its Czech neighbour, which is nearer the top of the shoplifting chart with 1.4%. The percentage expresses what portion of retail goods were lost to the itchy fingers of shoplifters.
The global average is 1.37%, while Europe enjoys an average score of just 1.29%. The survey was made on 1,103 retailers in 42 countries of the world.
Global Facts At-A-Glance:
- 1,103 retailers surveyed
- 42 countries around the world
- The cost of shrink globally was down 5.6% to $107.3 billion in 2010
- Money spent globally on loss prevention/security rose by 9.7% to $26.8 billion
- Shrink represents 1.36 percent of retail sales
- Highest shrink found in:
- Apparel high-risk product lines: accessories and children’s wear
- Grocery high-risk product lines: fresh meat and luxury cooked meat
- Health and Beauty high-risk product lines: shaving products and perfumes/fragrances
- Countries with highest shrink rates: India, Morocco, Brazil
- Countries with lowest shrink rates: Austria, Hong Kong, Taiwan
- Global cost of shrink: $186 per family