For retail businesses, with the holidays right around the corner, you are going to see an increase in foot traffic. This increase in traffic is also going to increase the potential of theft. If you want to reduce losses, such as shrinkable and shoplifting this holiday season, make sure to take steps to enhance your security efforts.
Protect Your Business Against Shoplifters
The holidays are a great time to push promotions and increase your sales. However, if you want to remain profitable, you will have to take steps to protect your business from shoplifting threats. To do this […]
During the 2016 calendar years, the average retail business inventory shrink rate increased from 1.38 percent in 2015 to 1.44 percent, according to information from the National Retain Security Survey of 2017. A total of 37 percent of all retail inventory loss was the result of shoplifting by outside customers, which was followed by employee theft at 30 percent, administrative errors representing 21 percent and vendor fraud, five percent. The total worth of all this lost inventory was $48.9 billion.
While you may be using anti-theft tags and video surveillance to deter theft, this may not […]
If you are the owner or manager of a retail store, then you already understand how important it is to create a safe and secure environment for your workers, as well as your customers and vendors. You also understand why it is necessary to take steps to prevent losses and reduce shrinkage.
If you are searching for a few new tips to help create a safer, more secure retail location, you’re in luck. Here you can learn some practical tips that have been proven effective in a retail setting.
Install Security Equipment
Perhaps the most important thing […]
Believe it or not, each year, businesses all across the U.S. lose a significant amount of money due to shoplifting. If you have a retail store, you are likely painfully aware of this fact.
While there is no way to completely eliminate shoplifting, there are ways you can prevent these nefarious individuals from taking advantage of the five-finger discount.
The absolute best way to prevent shoplifting in your store is to stop it before anything is stolen. While this is easier said than done, there are some methods that will allow you to get the upper hand regarding […]