A Frost & Sullivan report finds that sales of RFID readers, tags and software to the retail sector will grow from $738m in 2014 to $5.409bn in 2020, reflecting a compound annual growth rate of 38.9 percent.
The number of retail thieves apprehended annually continues to be about six million, research indicates, but the picture is much worse than that figure suggests. More than 78 percent of shrink is due to shoplifting by customers or retail employees. New products in fast-paced categories such as electronics, perfumes and sportswear being brought to market every year at premium prices are among the most likely to be stolen. Fresh meat remains a high-theft category for supermarkets and hypermarkets.