In 2009, the Indian retail industry topped the barometer of ‘Global Retail Theft’ making shoplifting and employee theft as biggest causes of retail shrinkage.
In 2010, more than Rs 9,295.9 crore were lost to shoplifting and theft by Indian retail...
“Security solutions play a significant role in the growth of retail business. Small retailers, especially the mom-and-pop stores, cannot calculate losses that they may be facing due to shrinkage, and they do not have specific solutions to control in-store...