Glossary

Shrinkage

11.10.08

In financial accounting the term inventory shrinkage (sometimes truncated to shrink) is the loss of products between point of manufacture or purchase from supplier and point of sale. The total shrink percentage of the retail industry in the United States was 1.7% of sales in 2001 according to the University of Florida's, National Retail Security Survey.
Source: Wikipedia
URL: http://en.wikipedia.org/wiki/Shrinkage