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India tops as biggest shoplifting nation in the world

By Thu, Oct 27, 2011 1:13PM UTC 0 Comment

Indian retailers suffered the highest loss of stocks to theft in the world for the fifth year in a row in 2011. Half of this loss was attributed to shoplifting by customers. The silver lining here was that India is the world’s only country where the shrink rate (loss of stocks because of thefts by...