Shrinking retail shrink: Using analytics to help detect fraud and grow marginsGlobal inventory shrinkage increased 6.6 percent for the year ended June 2011 to more than U.S. $119 billion, representing 1.45 percent of global retail sales at retail sales value, according to the Centre for Retail Research’s report, The Global Retail Theft Barometer 2011. This article describes how retailers can use new technologies such as data analytics to help them detect more fraud and improve margins in an increasingly challenging economic environment.
