Post-Tribune (IN)

AREA RETAILERS, COURTS FIGHT SHOPLIFTING

THIS ELECTRONIC VERSION MAY DIFFER SLIGHTLY FROM THE PRINTED VERSION. Business / Retailing

In 1986, the nation's retailers lost $1.5 billion. It might as well have vanished into thin air. That was how much disappeared out the front door and across the loading dock because of customer and employee theft.

According to figures compiled by Arthur Young, a New York-based accounting and consulting firm, retail losses equaled 1.7 percent of gross sales in 1986. And that does not include $260 million spent on surveillance and security systems, the company noted.

Still, Young's study showed retailers gained on the problem last year, reducing merchandise shrinkage by 6 percent. …

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