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Economics<br />

• Retail shrink ~ 2.3% vs 0.7% profits<br />

Damaged and spoiled goods ~ 0.5%<br />

• Employee theft (49%) ; Shoplifting (32%)<br />

• Most spoilage is refrigerated produce<br />

• U Arizona 40% food waste<br />

• ERS estimates 27% waste<br />

• Nat. Supermarket Research Group<br />

– 2002 estimate $31 billion<br />

– EU shrink ~ $25 billion

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