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Retail ‘ shrinkage ‘

Retail ‘ shrinkage ‘- the combining results of people stealing from stores, employee theft , administrative errors and vendor fraud – Decreased to 1.44 % Of overalls sales , compare to 1.51 % in 2008 , According To The National Retail Federation. That Amounts to Losses of $ 91.8 million per day or $ 3.8 million per hour in 2009.

Real Uncle Tom the scale Of the problem – retailers lost $ 36,5 billion the previous year – the slight Decrease shows the industry ‘s Increaser efforts to Protect Inventories and stay a step ahead of criminals is paying off.

“Retail crime, like Any Other type of crime, is a crime of Opportunity, ” said Ann Lindstrom, a spokeswoman for ADT Security Services, Which co – founded the study. “When retailers remove That Opportunity or make it harder for people to steal , the trend is That It Decr. ”

Consistent with previous Trends, the bulk of retailing crime last year Was due to Employee Theft , Which accounted for $ 14.4 Billion or 43%, of losses. Shoplifting, Which Affects Consumers by taking Goods off shelves and Increasing prices , Deprived Retailers of $ 11.7 billion .

One of the most common Ways Employees steal is by ” sweethearting , “ringing up an item at a lower price. Then the employee Either Keeps it or Gives it to someone who’s in on the scheme, Lindstrom said.

In the case of external Crime rings, she said , perpetrators Typically target items ” Consumers Really Want – the hottest brand names, the Things That Retailers Want To keep on the shelves. That Could Be The Most popular kind of blue jeans or It Could Be a particular kind of baby formula. ”

Operational errors weitere cost retailers $ 4.9 billion . Vendor Fraud took $ 1.3 Billion According To the report .

Retailers Have Been fraud targets for years . Most recently, return fraud – The act of Returning Items That Were Used or Never Bought in the first place – you compound the problem. As a result , the industry has stepped up Loss Prevention efforts , Through a combination of new anti -theft technology tools and Better Coordination with police.

” Retailers lose billions to Shoplifting , internal theft and Other types of criminal activity Every year , so it’s encouraging to see These small Successes when it comes to shrink rates, ” said Joe LaRocca, NRF senior asset protection advisor . “Just as the industry battles Organized crime rings on a daily basis , retailers are Also faced with the daunting task of Protecting Their merchandise from everyday criminals Because They are greedy and self -serving. ”

The National Retail Security Survey is Taken Every Year Among Loss Prevention executives to IDENTIFY trends in retail Theft and best practices for preventing losses.

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About company

Welcome to StopRetailTheft.com. Loss prevention is a primary concern for retail businesses of all sizes and theft translates into a significant reduction in profitability. We provide retail anti theft solutions to small businesses. We have cost effective anti theft equipment to help you protect your assets at a price you can afford.

 

The right anti shoplifting system for your business depends on several factors, including the store layout and products that require protection. We have theft prevention solutions, such as a transceiver system that detects security tags on merchandise illegally removed from the store. We have a variety of security equipment to assist businesses in finding the right system for their loss prevention needs.

 

We have several anti shoplifting tag options for any product sold in your retail store. Security tags include hard tags in different sizes and configuration, as well as security labels in bar code and plain white label designs. We also offer accessories, such as a security tag detacher and other products.

 

We offer two methods to make it easy for you to find the theft prevention system that best fits your needs. View sample store configurations to find examples of how our security systems are used in drug stores, clothing and apparel, liquor stores and mass merchandisers. Click on the category that best describes your business to see product recommendations that are best suited for that environment.

 

If you prefer, you can fill out a Site Survey on our website with your name, email and message or details about your location. One of our skilled technicians will contact you to discuss your retail anti theft options. We can provide recommendations for anti theft equipment to address your retail theft issues and help you stop your profits from walking out the door.

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