Retail Shrink: Employee Theft
Retail employee theft involves “the theft of anything of value from the retailer by an employee or accomplice” (Mishra and Prasad 2006, p. 817). Five specific crimes are categorized under employee theft or asset misappropriation – fraudulent disbursements, intellectual theft, embezzlement, larceny, and skimming (Bailey 2006).
Employee theft includes misappropriation of tangible and nontangible assets through fraudulent disbursements (e.g., paid for time not worked), intellectual theft (e.g., selling information to competitor), embezzlement (e.g., stealing cash), larceny (e.g., stealing merchandise), and skimming cash from the register (Bailey 2006). Retail stores sell a variety of goods (e.g., clothes, food, drugs, music, candy) for public consumption and use but lose a significant portion of their profits due to employee theft (Martin et al. 2014). Retailers purport that embezzlement, larceny, and skimming by employees, either alone or in collusion with...
KeywordsInternal retail crime Fraudulent disbursements Intellectual theft Embezzlement Larceny Skimming
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