Retail theft is damaging. Bottom lines are disrupted, causing profitability to plummet. Every retail store owner has felt the affects personally, some more than others – regardless, retail theft impacts every store at some point. Inventory shrinkage is inevitable without
The retail theft problem is no secret. Though only about half of businesses understand the severity of retail theft, 92% feel the impact of theft daily, ultimately adding up to significant long-term loss. On average, organized retail crime claims over
Despite major advances in technology and security systems, retail theft problems continue to remain a serious dilemma for the industry. Retail theft can cripple a business’ profit margins while putting employees and other shoppers at risk. Therefore, we discuss the
Technology has advanced at an incredible rate. Electronics today look completely different from ten years ago. With access to developing user-friendly merchandise, appealing to everyone’s favor, theft prevention products need to evolve just as quickly. The retail industry has experienced
Retail theft is pervasive. According to the National Association for Shoplifting Prevention, shoplifting is among the most frequently committed crimes. Nearly $50 billion is lost annually in retail crime, with over 550,000 incidents every day. Unfortunately, retail thieves are rarely
With the rapid change in technology’s advancement and accessibility, nearly every industry is reworking their business to include technology in one fashion or another and incorporate it as a necessary functional element in their operations. Technology, specifically in the retail
High-security systems are no longer an option for today’s industries, they have become a necessity. With theft becoming an increasingly serious issue, retailers among a spectrum of industries must pursue the best security solutions for their specific applications. Tech retailers
The retail industry constantly experiences challenges and innovates to tackle those challenges. Three major concerns plague the retail industry, worries that have been serious for years. Theft, neglect, and loss of profit are not novel problems. However, with cutting-edge technology,
The retail industry seems to face two consistent problems: retail theft due to poor deterrent systems or minimized profit due to unattractive deterrent systems. Minimized losses and maximized profits often appear mutually exclusive. For example, a fragrance company may desire
