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Retail Security Statistics

The following statistics regarding retail loss prevention are taken from the Retail Council of Canada's 2004 Canadian Retail Security Report Executive Summary.

BackCheck bullet The total annual inventory shrinkage averages 1.23 per cent of total sales.
BackCheck bullet Internal theft accounts for 48 per cent of annual losses.
BackCheck bullet Of the 14 participating respondents with a 2003 consolidated sales volume of $25.9 billion, 5 respondents replied to the impact of shrinkage on their respective organization's net profit for an average figure amounting to 27.7 per cent or more than $318 million.
BackCheck bullet Retailers report that hiring and retaining staff continues to be a challenge. Respondents continue to identify high turnover in sales and management personnel as a major issue.
BackCheck bullet The protection of business and response to crime occurring in business is increasingly becoming a business responsibility. Over the years, police have becomes less responsive to criminal events and threats occurring in retail stores.
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