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Top strategies to reduce retail shrinkage

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THE ROI ON YOUR NEW EAS SECURITY TAG SYSTEM

Retail has always been a game of numbers – traffic to sales, markup percentage, and profit against loss. But a startling number is that this year globally more than US$123 billion worth of sales income will simply disappear into the black hole of retail shrink. The Global Theft Barometer notes it will walk out the…

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Don’t let retail loss take the gloss off Mother’s Day

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Australians are set to show mum just how much they care by forking out over $2 billion in the coming weeks as they ready for the gift giving bonanza of Mother’s Day, with the Australian Retailers Association noting it’s second only to Christmas in terms of retail value. But while stores will be welcoming consumers…

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Top strategies to reduce retail shrinkage

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Part 2 – Electronic Article Surveillance – Alarmed and alert   Regardless of the size or location of a retail shopfront, loss prevention is a daily challenge. For Australian retailers it’s a $2.7 billion problem annually, according to the Global Retail Theft Barometer, with shoplifting and employee theft accounting for over 75% of this loss.…

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Top strategies to reduce retail shrinkage

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Part 1: CCTV Surveillance – The eye in the sky Each year three per cent of retail sales is written off to the wasteland of retail shrink. Comprising the elements of shoplifting, employee theft, fraud and inventory error, this shrinkage costs the Australian economy $2.7 billion, or $424 per household per year, according to the…

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Staying a step ahead of the retail theft game

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For as long as there has been retail there’s been the good ol’ five finger discount. And for as long as shop owners have been finding inventive ways to protect their wares, would-be thieves have been carefully crafting creative ways around them. The challenge for the modern retailer is that in the past retail security…

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Why the numbers stack up for retail counting?

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Retail has always been a game of numbers, with two critical elements at play: how many people walk through the door and how many proceed to make a purchase. In-store traffic counting provides the basis of that formula, with experts noting if you don’t have that data, you’re literally “flying blind”. It tells you how…

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RFID in infographics

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Here are some interesting facts on RFID trends, and how implementing RFID systems into your store can save your business time and money.

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How security can improve the customer experience?

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Security might be the retailer’s concern, but when it comes down to the bottom line, better security benefits retailers and consumers alike. Done well, it allows customers a seamless experience where they can freely interact with merchandise and experience the products they seek to buy. Implemented poorly, and a retailer’s security protocol can be intimidating,…

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