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Petrosoft Blog

Feb 10, 2017 11:58 am

NRF Retail Security Survey 2016

National Retail Federation (NRF) and Dr. Richard Hollinger of the University of Florida jointly conducted a survey to develop and analyze retail loss prevention benchmarks. The research is in its 25th year.

The National Retail Federation (NRF) and Dr. Richard Hollinger of the University of Florida jointly conducted a survey to develop and analyze retail loss prevention benchmarks. The research is in its 25th year. The survey examines:

  • Inventory shrinkage
  • Staffing and budgeting for the loss prevention departments
  • Employee integrity screening
  • Loss prevention training and awareness programs
  • The impact of dishonest employees
  • The costs of external retail crime

Some key statistics in The 2016 National Retail Security Survey report include:

  • US inventory shrink rate is 1.38%
  • Inventory hrink cost the US retail industry $45.2 billion in 2015
  • 48.1% of retailers surveyed reported increases in overall inventory shrink
  • Employee theft/internal was responsible for almost 36% of total inventory shrink

Learn more by reading the NRF press release, login to the NRF site to download The 2016 National Retail Security Survey report.