-
Retail shrink grew to almost $50 billion in 2016, NRF says
WASHINGTON – Thefts from retailers and other inventory “shrink” grew to $48.9 billion in 2016 from $45.2 billion the year before even as budget constraints left retail security budgets flat or declining, according to the annual National Retail Security survey released Thursday by the National Retail Federation and the University of Florida. The thefts amounted to 1.44% of sales, up from 1.38%.