Abstract
This chapter considers one of the key crimonomic issues about retail crime: how much exactly does retail crime cost? This question is assessed at two levels: the cost to retailers and the cost to society as a whole. The chapter examines the concept of shrinkage and discusses some of the problems of measuring crime losses with accuracy. It considers several ways in which the number of offences and the retail costs of retail crime can be calculated. National differences in industry-wide crime costs are examined in order to help assess the reasons for differences in national shrinkage costs. The chapter starts with a discussion of the legal framework for theft.KeywordsShrinkage RateRetail SaleLoss PreventionAuthorised DisclosureCrime IncidentThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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