GITNUX MARKETDATA REPORT 2024

Shrinkage Statistics: Market Report & Data

Statistic 1

"In grocery retail, industry shrinkage averages at 2.13%, according to the National Retail Security Survey (NRSS)."

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Statistic 2

"The shrink rate in the U.S retail industry ranges from 1%-3% of a business's total sales."

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Statistic 3

"The shrinkage rate in the United Kingdom retail industry is roughly 0.97%."

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Statistic 4

"In 2016, shrinkage accounted for roughly 35.8 percent of the retail loss in the U.S."

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Statistic 5

"China experienced the second most retail shrinkage worldwide, amounting to 21.9 billion U.S. dollars in 2018."

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Statistic 6

"Meat, Poultry, Seafood, and Dairy are among the top 5 most highly shrinkage-susceptible categories, accounting for 30% of total shrink."

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Statistic 7

"Shrinkage accounted for about 35 percent of inventory loss in retail in 2020."

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Statistic 8

"Employee theft causes 33% of all business bankruptcies, contributing significantly to shrinkage."

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Statistic 9

"The average shrink percentage in the global fashion industry is 1.4%."

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Statistic 10

"Shrinkage in the retail sector cost U.S. retailers more than $49 billion in 2016."

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Statistic 11

"In the restaurant industry, food shrinkage can cost up to 4% to 10% of food sales."

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Statistic 12

"Over 15% of shrinkage in retail comes from vendor fraud or error."

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Statistic 13

"Shoplifting accounted for 37% of retail inventory shrinkage in 2010."

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Statistic 14

"South Africa had the highest global rate of retail shrinkage in 2017, at 2.86%."

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Statistic 15

"North American retailers lose up to $45 billion each year to retail shrinkage."

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