Perishables Growth Causing Rise in Shrink, Survey Says

SCOTTSDALE, Ariz. Overall shrink loss reported in a major industry survey rose 19% in 2005-2006 to 2.76% of sales, largely as a result of a greater emphasis on perishable sales and the stricter accounting procedures required by Sarbanes-Oxley regulations. The 2006 Retail Shrink Survey, conducted by the National Retail Research Group here (www.retailcontrol.com), is being released this month. It is

SCOTTSDALE, Ariz. — Overall shrink loss reported in a major industry survey rose 19% in 2005-2006 to 2.76% of sales, largely as a result of a greater emphasis on perishable sales and the stricter accounting procedures required by Sarbanes-Oxley regulations.

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