1. the process of becoming smaller in size or amount
2. the amount by which something becomes smaller
3. loss of inventory due to theft, damage, or error
Usage: business

Examples

• The wool sweater experienced significant shrinkage after being washed in hot water.
• The company reported a 3% shrinkage in sales this quarter.
• Fabric shrinkage is common with natural materials like cotton.
• The store manager calculated inventory shrinkage at the end of the year.
• Metal shrinkage occurs when the temperature drops rapidly.
• The retailer implemented new security measures to reduce shrinkage from shoplifting.