By  on November 12, 2009

Worldwide retail losses from shoplifting, employee theft, organized crime and administrative errors jumped 5.9 percent to $114.8 billion for the year ended June 30, according to a new survey.

The losses, known as shrink, represented 1.43 percent of sales of the 1,069 retailers that were surveyed in 41 countries. Total shrink in the U.S. rose to $45.99 billion, or 1.6 percent of sales, up from 1.48 percent a year earlier.

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