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For the first time in six years, there’ds been a real increase in the rate ofretail theft, accordinyg to a survey conducted by the with a fundinbg grant from . "This year, both the dollar loss and rate of loss increasede and the evidence shows that the economy and resulting cutbacks in staffing by retailers are creatinbg an opportunistic environment for both individual shoplifters and organizefdretail criminals," said U of F criminologist Richard Hollinger, who directed the survey. In the lowest rate of retail theft inthe 18-year history of the survey was reported at a rate of 1.44 percenr of overall retail sales. Last year, that rate rose to 1.
52 percentt of sales translating into lossedsof $36.5 billion. Hollinger notes the numberss are fromlast year, and don’t reflect retail theft rates for the first part of this year when the recessionn was even worse. Employee theft comprises the largest portion of the whichtotaled $15.9 billion, or almostg half of losses (44 percent). Shopliftingg accounted for $12.7 billion (35 percent) of Other losses included administrativeerror ($5.44 billion and 15 percent of shrinkage) and vendot fraud ($1.
4 billion and 4 percent of
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