1. (

• shrinking ,
• shrinkage

) process or result of becoming less or smaller; "the material lost 2 inches per yard in shrinkage" ;

2. (

• shrinkage

) the amount by which something shrinks ;

3. (

• shoplifting ,
• shrinkage

) the act of stealing goods that are on display in a store; "shrinkage is the retail trade's euphemism for shoplifting" ;