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11-24-2010, 09:01 AM #1
The world's biggest shoplifters; India No. 1!Even as scams of various hues and reports of rising corruption continue to ravage the nation, India now has yet another humiliation to contend with.
India's retail industry has once again topped the Global Retail Theft Barometer survey for 2010.
With a shrinkage rate of 1.64 per cent of total retail sales, Morocco is the second in the ranking of nations with highest shoplifters.
India has topped the retail 'shrinkage' rate -- which is a reduction or loss in inventory due to shoplifting, theft and process failures -- in 42 countries surveyed across the world, for the third year in a row.
This means Indians are the topmost shoplifters in the world, if the annual survey -- conducted by the Centre for Retail Research in Nottingham, United Kingdom, and sponsored by Checkpoint Systems, a shrink management and merchandise visibility firm -- is to be believed.
...being a human...