China’s retail industry has expanded rapidly since opening up to foreign competition after WTO entry in 2005. Have Chinese retail businesses achieved an acceptable level of loss prevention amid their exponential development?
In 2010, KPMG China and the China Chain Store & Franchise Association jointly conducted a retail loss prevention survey in China (the “China Survey 2010”). A total of 83 state-owned, private and foreign-owned supermarkets, department stores, outlets, and chain convenience stores participated in the survey. It studied the present shrinkage situation in the domestic retail business and analysed similarities and differences of shrinkage between Chinese retailers and their counterparts worldwide.
Based on the findings, the report recommends measures to help Chinese retailers strengthen stock loss management and increase their profitability.
To download the full report, click on the PDF attachment.