RETAIL FRAUDS

Losses due to retail frauds in India showed a decline in 2011. However, at 2.38% , it is still the highest in the world, according to the Global Retail Theft Barometer

REASONS:
| Shoplifting (accounting for more than 50% of total shrinkage value) | Internal administrative errors | Employee theft | Vendor frauds

S T AT SPEAK

Shrinkages as a percentage of total retail sales

2.5 2.0 1.5 1.0 0.5 0

Taiwan

Global

Switzerland

Hong Kong SAR

Singapore

Source: The Global Retail Theft Barometer 2011, CARE Research

Morocco

Japan

Austria

Rusia

India

UK

US