Retail loss as a percentage of sales by market segment
No, it’s not that part of the anatomy George Costanza was referring to in a memorable "Seinfeld" episode. Shrinkage, in retail parlance, is inventory loss caused by employee theft, shoplifting, administrative errors and vendor fraud. Loss prevention experts put the total shrinkage dollar amount for 2001, the last year for which data is available, at $31.3 billion or 1.7 percent of the total $1.845 trillion in annual retail sales. Ultimately, it comes off the bottom line and charges are passed on to consumers.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)