Comment on The guy who made it so difficult to open your bag of potato chips parentComments−MattGrommes14yI believe shrinkage is most commonly used by retailers to mean theft by employees. Shoplifting is customer theft.−sparky14yShrinkage encompasses all of the above [1]. The retailer I worked at for a few years (::shudder::) used this definition.[1] http://en.wikipedia.org/wiki/Shrinkage_(accounting)−juiceandjuice14yShrinkage is any loss of product, hence shrinkage of inventory.(I worked at a grocery store for four years, the same company my dad has worked at since 1977)
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I believe shrinkage is most commonly used by retailers to mean theft by employees. Shoplifting is customer theft.
Shrinkage encompasses all of the above [1]. The retailer I worked at for a few years (::shudder::) used this definition.
[1] http://en.wikipedia.org/wiki/Shrinkage_(accounting)
Shrinkage is any loss of product, hence shrinkage of inventory.
(I worked at a grocery store for four years, the same company my dad has worked at since 1977)