Each year, many organizations publish loss prevention statistics. We’ve highlighted data from the National Retail Federation (NRF) and the National Association of Convenience Stores (NACS).
NRF Shrink Statistics
Who is the NRF? The National Retail Federation (NRF) define themselves as the world’s largest retail trade association.
- Total inventory shrink for the retail industry in 2020 was $70.4 billion in losses
- The average shrink rate for the retail industry is 1.6% of inventory for 2020
- 53% of those surveyed said internal theft was a top priority
- The average dollar loss per employee theft is $1,551.66 per case
- The average dollar loss per shoplifting incident is $461.86 per case
- The average dollar loss per robbery incident is $7,594.48 per case
- For 2021, 50% of those surveyed said they would specifically invest in loss prevention (LP) equipment
NACS 2020 Shrink and Spoilage Statistics
Who is NACS? The National Association of Convenience Stores (NACS) is a leading global trade organization for convenience and fuel retailers.
If you are a convenience store operator, manager, or just curious, you can find both average shrink and spoilage rates by company size below.
- Average merchandise shrink for 1-10 stores was $2,868 per store per year
- Average merchandise shrink for 11-50 stores was $9,024 per store per year
- Average merchandise shrink for 51-200 stores was $9,000 per store per year
- Average merchandise shrink for 201-500 stores was $14,208 per store per year
- Average merchandise shrink for 500+ was $19,704 per store per year
- Average spoilage for 2020 for 1-10 stores was $10,188 per store per year
- Average spoilage for 2020 for 11-50 stores was $8,604 per store per year
- Average spoilage for 2020 for 51-200 stores was $13,908 per store per year
- Average spoilage for 2020 for 201-500 stores was $33,708 per store per year
- Average spoilage for 2020 for 500+ was $62,328 per store per year
References:
https://nrf.com/media-center/press-releases/retail-sales-now-exceed-444-trillion-2021-nrf-revises-annual-forecast
https://cdn.nrf.com/sites/default/files/2021-08/2021%20National%20Retail%20Security%20Survey%20updated.pdf
https://www.convenience.org/Research/SOISurveys
