In economics, there is a definition of elasticity that talks about how a reduction in the price of an item (say clothes) is reduced, and the seller’s revenue increases. It sounds kind of crazy until you understand how it works. How can you make more money by lowering your prices right?
Basically, it explains how a retailer can make more money by putting an item on sale if they then sell more of the item than they normally would.
What if you don’t have the clothes to sell because they keep walking out the door? Are you still elastic? The answer is probably not, because you won’t have the quantity of clothes in place to make the sales worthwhile.
Retail anti-theft devices are a great way to utilize clothing security methods to help you stay elastic. There is nothing worse than a customer specifically going to a store looking for a specific sales item and finding out that they are all sold out.
It’s even more disappointing, as an owner or manager to realize you have lost out on those precious sales because you no longer have the items in, due to theft.
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For more information on how you can use Clothing Security Anti- theft Devices in conjunction with your Electronic Article Surveillance or EAS system to protect your Clothes and help you prevent retail theft in your business with products like Cheap Labels and Cheap Tags contact us.
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