Growing up, Dr. Read Hayes saw his father and grandfather, both physicians, study the human body and how disease affects it.

Apparel, children’s toys, electronics and electronic accessories are expected to be the most stolen items this holiday season in the U.S.

Self-service checkout technology may offer convenience and speed, but it also helps turn shoppers into petty thieves.

More than 1.2 million shoplifters and dishonest employees were apprehended in 2015 by just 25 large retailers.

Retailers’ inventory shrink averaged 1.38 percent of retail sales, or $45.2 billion in 2015, up by $1.2 billion from 2014.

Shrink, comprised of shoplifting, employee or supplier fraud, and administrative errors, continues to plague many retailers in the U.S.

Shrink, comprised of shoplifting, employee or supplier fraud, and administrative errors, rose in the U.S. from 1.28 percent of sales in 2013-2014 to 1.97 percent during 2014-2015.

More than 1.2 million shoplifters and dishonest employees were apprehended in 2014 by just 25 large retailers who recovered over $225 million from these thieves, according to the 27th Annual Retail Theft Survey conducted by Jack L. Hayes International.
 

Shrink, comprised of shoplifting, employee or supplier fraud and administrative errors, cost the global retail industry more than $128 billion last year, $42 billion in the US alone, according to the latest Global Retail Theft Barometer.