Safety First When Stopping a Shoplifter

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Safety should be the primary concern in any shoplifting detention at any retail store.  Unless the employees are trained individuals and know the laws concerning detention of a shoplifter, employees should be very wary of the repercussions associated with stopping a shoplifter.  Racial profiling is commonly used by retail stores to spot a shoplifter, and although it is extremely wrong and some stores have gotten sued because of it, the truth is you cannot spot a shoplifter by the way they look.  According to the Seattle  Police Department though, there are certain actions that are prevalent with a shoplifter: Nervousness, aimlessly walking around the store for long period of times, handling the merchandise, dropping the merchandise on the floor, etc., are some of these behaviors they display.  Stress safety first with your employees at all times when stopping a shoplifter.

For more about this and other stories, follow the links below.


Taking steps to prevent shoplifting

 In early July, $3,000 in designer dresses, slacks and jackets were stolen from ADORE Designer Retail Boutique in Cary, one of Nancy Alinovi’s two consignment shops in the Triangle. She still feels sick about it.

“It’s just this feeling in your chest,” she said. “It’s not a victimless crime.”

Alinovi said it will be two months before everything returns to normal at the family-owned boutiques, which cut prices in order to stay afloat after the theft. Her experience shows the toll shoplifting takes on small businesses, where margins are small and business is personal.

There were 582 calls to the Raleigh Police Department regarding shoplifting in the past year, said Jim Sughrue, department spokesman. They run the gamut from family-run gas stations to department stores, he said.

According to a National Retail Federation’s security survey, shoplifting accounted for 38 percent of the $44 billion in retail inventory loss due to crime in 2014.


Theft rings use returns to fund operations

TILTON — Next time you let a sales receipt blow away in a store parking lot, you might unwittingly be helping an organized retail crime ring fund its drug operations.
Those rings, often from other states, collect those discarded receipts, go into that store, gather items on the receipt and then take them to the return counter to get handed cash, according to Tilton police detective Nathan Buffington.
“I can tell you of the (organized retail crime) cases that we’ve dealt with, I don’t think we’ve had any that in some way, shape or form that haven’t come back to narcotics, whether it be again to fund narcotic operations, to help profit, to expand,” Buffington said after speaking at a symposium on the subject at Tilton School on Friday.
These rings use a variety of techniques to steal billions from stores annually.

Return fraud alone cost stores $10.85 billion in 2014, according to the National Retail Federation.

The rings “have a list of the stores that carry those items” they’re targeting, according to Nancy Kyle, president and CEO of the New Hampshire Retail Association. The rings often travel north along the East Coast, she said.


Cumbria police collar children as young as four for crimes

Primary school children across south and west Cumbria – aged between five and nine – have also committed crimes but are too young to be prosecuted.

Assaults, criminal damage, burglary, theft and shoplifting are among the shocking offences carried out by children, figures have revealed.

Cumbria police said that it was vital they spoke to these young people when they are at their most “susceptible” and they “do not realise the consequences of their actions”.

Police say interaction with the children can help make them understand that they are heading down a path which “could lead them to have a criminal record which could have an impact on their life, all for something they did when they were a child”.

A Freedom of Information request revealed that there were 60 crimes committed by under-10s in south Cumbria and six in Copeland.

The age of the youngsters mean police were unable to bring charges as the age of criminal responsibility in England is 10, meaning under-10s have to be released without charge.

The most common crime committed was assault, with 37 offences. This was followed by criminal damage with 12 incidents and six counts of theft.


 

 

How to Deal with Retail Burnout

theft (13)Burnout is an on-going, serious issue in the retail industry.  The industry is so immense and pervasive that all of us, even if we’ve never working in retail, have knowledge of and experience with the problem.

Personally, some of you may be currently struggling with it or have in the past.  If you haven’t personally experienced it you probably know friends and family who have.  Finally, we’ve all had unpleasant interactions (many, many times) with burnt out sales clerks, managers or customer service reps.

Last month we looked at why “Retail Burnout Matters” preventshopliftingloss.net/retail-burnout-matters/.  This month we’re going to look at how an individual can deal with it at a professional level.

There are many causes and symptoms of burnout.  One of the most universal symptoms is a feeling of being stuck.  The first place to start if you’re feeling trapped is with a plan of how to get free.  People who feel caught often do damage to others and themselves when they try to get unstuck without a well thought out plan.   

The first thing you can do is plan how to stay where you are.  You may want to stay with the same company in the same store, but need to learn (traditional/online classes, TED talks, books, short term therapy, etc) some stress management techniques to improve your outlook.  Many times if you change your attitude and coping skills it’s enough to make the situation better.

Or you may need to plan the next step.  Boredom, complacency and restlessness, when not addressed, are often the causes of stress.  What kind of change do you need (i.e. sell jewelry rather than candles, increased/decreased level of responsibility, go to a different store with the same company, go to a different company, work in a small boutique or a big box)?

Finally, you may need to plan to leave the field.  Retail may no longer, or never has been, your career of choice.  If so, then it’s time to figure out how, when and where to from here.  For many people establishing some sort of forward momentum, no matter how small, is enough to lessen the trapped feeling. 

Having a plan and actively, consciously working that plan is key to alleviating burnout, but it’s not easy.  However, the alternative is to stay miserable, and as choices go choosing to stay unhappy is a poor one.  As Yoda said, “Do. Or do not. There is no try.” 


Nicole Abbott is a professional writer who’s had over 150 articles published.  She’s a business consultant and former psycho-therapist with over 20 years of experience in mental health, business and addiction.  She’s a coach, lecturer, trainer and facilitator.  She has conducted over 200 workshops, trainings, presentations, seminars and college classes. 


Security and Loss Prevention

theft (2)The cost of cyber security for retailers seems to double year after year. The cost of a data breach in this country in 2014 cost the retailer an average of  3.5 million, and that was a 15% increase from the previous year. Not only do retailers have to worry about data breaches in their business, but shoplifting, employee theft, administrative errors and vendor fraud  are major problems they have to deal with year after year.  The losses for retailers in 2014 amounted to $44 billion, it is no wonder  then, that year after year retail executives say they plan to increase their loss prevention budgets for their business.


Counterfeit Goods and Trademark Enforcement

By aggressively protecting our brand through enforcement of trademark rights, loss prevention professionals can combat the spread of counterfeiting and retail fraud.

In the early part of November 2002, we received a call from an informant indicating she had information on counterfeit Tiffany & Co. merchandise sold at “home parties” in a suburb of a major city in Ohio. The caller claimed that one woman organized the parties and made a large amount of money in this counterfeit goods business. She also said that the local police had been notified and, if Tiffany was interested, were willing to support an investigation.

Our senior legal and security executives reviewed the caller’s information and the decision was made to go forward with the investigation. Within days we set up a meeting in Ohio with the detective in charge, the informant, and an undercover female police officer. At the meeting it was decided to attend an upcoming party where counterfeit Tiffany & Co. merchandise would be sold.


Shoplifting suspect dies hours after confrontation with Walmart employees

LAKELAND, Fla. —Lakeland police said a 64-year-old man accused of trying to leave Walmart with $380 worth of DVDs without paying for them has died.

Officers were sent to the store off U.S. 98 to investigate early Sunday morning. While en route, dispatchers told officers the suspect was not breathing and CPR was being administered. The first responding officer began life-saving measures, inclusing using a defibrillator and taking over CPR until medics arrived.

The man, later identified as Kenneth E. Wisham, of Lakeland, was taken to Lakeland Regional Health in critical condition.

According to the investigation, Wisham was trying to leave the store with a shopping cart full of DVDs when he was confronted by employees. Officials said Wisham ran off, and during the chase, he fell to the ground and was detained by employees. That’s when employees realized he wasn’t breathing and called 911.

Wisham was pronounced dead at the hospital Sunday afternoon.

The cause of death has not yet been determined by the medical examiner.


Observation skills, quick thinking help prevent shoplifting

About 27 million shoplifters live in the United States today, with offenders spanning generations.

According to the National Association for Shoplifting Prevention (NASP), that means 1 in 11 people have shoplifted. There is no “typical” offender.

“It could be anybody,” said Nathan Hershley, the security supervisor at East Hills Shopping Center. “I’ve personally dealt with (shoplifters) from 14 years old, clear up into their 50s.”

Shoplifters target all types of stores, according to NASP — from drug stores to supermarkets, convenience stores and even thrift shops.

Store employees and customers who shop there play an important role in helping catch anyone suspected of stealing. Staying alert for suspicious behavior and catching the suspect(s) on photo or video can help authorities make an arrest.

“It’s all about the information we get, so get as detailed of a description as possible,” Hershley said. “That allows us to find the suspects, and communicate with the police department better.”

Local police said helping catch shoplifters helps not only the store, but the whole community.


SOCIAL MEDIA AND ITS BENEFITS TO A LOSS PREVENTION PROGRAM

shoplifting4Over the past five years or so, social media platforms have exploded. Sites like Facebook, Twitter, or Instagram are essentially a one stop shop for all your news, entertainment and whatever your Aunt Dolly is doing today… Like most Americans, I visit these websites frequently throughout the day (although, I am weaning myself off this addiction slowly, but surely). Businesses have also been quick to jump on the bandwagon and have found that direct to consumer marketing, especially the free kind of marketing, can really help a small business soar. With so many people, places and things interconnected, you can see how the Loss Prevention Industry uses these platforms to not only aid in investigations, but to help track down fencing operations, retail ORC groups and even dishonest employees.

  About a month or so ago, I was scrolling through a Facebook “online garage sale group” in my area. A few scrolls down, I noticed a guy was selling a store merchandise credit from one of my stores. I looked up the name in our internal system for any hits and sure enough, it was an employee at one of my stores. A little investigating showed that he had conducted a return of a high end baseball bat, but according to our sales records, the store he worked in had not sold that particular sku. Furthermore, inventory data showed that store to be missing one unit. A little more leg work, and I was able to determine that the employee had altered the price on a high end bat, purchasing it for only a few dollars. He returned the bat for full value at another store and posted the credit on Facebook to sell. From our research, he had done this about a dozen or so times with various merchandise. I was able to make a pretty substantial case from a lead generated from social media.

Take things a little further. Most of you reading this are small business owners. Chances are, you don’t have some large Loss Prevention department; heck, your LP department might be the 16 cameras you have set up in your store. There’s absolutely nothing wrong with that; in fact, without the hassle of a large company’s legal department, you have more freedom with those CCTV images of a thief than I do. Most police departments and sheriff’s offices around the country have also been accepting of a social media presence. From the community outreach and the ability to hear concerns directly from citizens, it’s a great way for law enforcement to take a big step into the future. This also gives those agencies the ability to share BOLOs with an enormous amount of people.

Not two weeks ago, a local sheriff’s office shared some CCTV images from a clothing boutique store that showed a female shoplifter, who made away with several hundred dollars in clothing. The boutique had a very good camera system and shared those images from their Facebook page to the Sheriff’s Office page, who in turn shared it with their followers. Literally, within 30 minutes, the comment section was full of tips, eventually leading to the shoplifter’s identity. Heck, some people even began tagging this woman in her own wanted poster. Classic. Without this platform, this crime may have gone unsolved, and that business would have taken a hit out of their own pockets.

While social media can boost sales and drive traffic into your store, it can only be a great tool to reduce shrink. The ability to quickly search through your employee’s friends, or search in wanted ads for particular items and the ability to share CCTV images quickly and with great success, makes social media almost a necessity of today’s small business’s plan to combat shrink and increase profitability.


IDENTIFYING COMMONALITIES AMONGST SHOPLIFTERS

shoplifting1Ever notice how so many different shoplifters, from various backgrounds and demographics all share similar characteristics in the manner in which they steal, the product that they steal and the methods used to conduct their acts? Well, I did and it really got me thinking. Why was this so? Is there some large underground shoplifting network where this information is swapped amongst the thieving brethren? Kind of.

A while back, I did a piece on how shoplifters were brainstorming ideas on the blog site, Tumbler. A few searches here and you can find the easiest way to steal from just about any big name retailer, what product was the easiest to steal, and how to steal without being caught. Check it out if you have some time. That led into some research of my own. Shoplifters, especially the frequent flyers, we’re obviously communicating with one another, but I was curious as to where, and how. If you’ve been in the LP industry for a few years now, you agree that there are certain driving factors behind a rise in shoplifting. My two theories (and I have only my intuition to back this up) on the rise are the heroin epidemic that is sweeping through the country and the (almost) decriminalization of shoplifting in some states.

Heroin is a terrible drug. Most law enforcement sources attribute the rise in heroin use to the crack down on prescription opioids. When law enforcement began devoting resources to dry up “Doctor shopping”, it created a vacuum. Heroin filled that void. This highly addictive drug will get a user addicted on the first shot. It’s only a matter of time before the user will lose their job, house, vehicle and resorts to stealing on a full time basis to support their habit. What do all heroin addicts have in common, aside from the obvious? A dealer.

Every day, those addicts must find their dealer to score another hit. At some point, they run into the same faces day in and day out. No one has a job. No one has an honest income. I’ve interviewed several dozen shoplifters over the past few weeks; mostly those suffering from a heroin addiction. They all tell me the same things. When they go out and score their drug, they run into other addicts and they share what stores are the easiest targets, what merchandise most easily stolen, where to take the stolen goods to and even some pretty sophisticated return fraud schemes. Enter the decriminalization of shoplifting.

There’s a reason these people gravitate towards shoplifting and not armed robbery, or another form of criminal activity. It’s easy. There’s high reward and little risk. It also doesn’t help that legislatures across the country seem to be working against law enforcement agencies when new laws are adopted that lessen the penalties for shoplifting, or raise the threshold for felony cases. Several states have recently raised the dollar threshold for felony theft. Why? Too many people were being charged with felonies. Is that really the way to tackle the problem? What if we did away with punishment for murder because too many people are doing it?

I don’t see the rising shoplifting trend to start going down anytime soon. Not until we address some of the root causes of the behavior and start giving out more serious consequences to those who choose to shoplift. Until that day comes, we have to remain ever vigilant to the threat we are faced with each day. It is our jobs to be proactive and to constantly outsmart the criminal element before they have a chance to make off with our profits.


STAYING SAFE DURING AN APPREHENSION

shoplifting5What is the most important factor to consider when you make a shoplifting apprehension?

Safety. There is no single factor that is stressed more heavily within my department than personal safety when making a shoplifting detention. Not only do I implore my teams to be vigilant of possible weapons, but to also make sound business decisions before making a detention that could jeopardize their safety, the safety of the employees of the store and the safety of our customers. In the blink of an eye, what seems like another routine apprehension can quickly turn violent.

Play by the rules.

Our industry, over the past decades, has come a long way from the days of chasing down shoplifters by any means necessary. We’ve evolved from brute strength and a show of force, to a more pro-active and analytical approach to shrink, especially the way we approach shoplifting incidents. Enter the 5 steps for an apprehension. Selection, display intent, conceal, maintain visual, exit store. Every LP department, for the most part, has adopted this. In addition to no touch policies, this greatly reduces the chances for an apprehension to become physical in nature.

Cooler heads will always prevail

Hiring someone that cannot control their own temper is a dreaded mistake. Even I am not immune to making this type of mistake. Granted, we ask our agents (and ourselves) to be there to stop someone from stealing from us. Shoplifters come from different backgrounds, and often we are facing career criminals, or those with drug addictions that are not in a stable mindset. More often than not, the shoplifter will immediately escalate a detention from the moment they are approached. How many times have you stopped someone and they immediately began yelling at the top of the lungs every swear words known to man? I experienced this three times this past week for me. This is where a calm, collective LP professional is most needed. What if you started yelling and screaming back? Chances are, things will get ugly. My advice is simple. Act like an airline pilot. It doesn’t matter if the wings are on fire and you’re hurtling towards the earth at 500 mph. That pilot will still speak in the same tone and pace. It’s to keep the masses calm. This technique works great with rowdy shoplifters too.

What if I’m faced with a weapon?

This has happened to me personally on 3 occasions. Once, a heroin addict pulled a knife on me. The second time, a firearm fell from the pants of a shoplifter and the third, my personal favorite, is when I was pepper sprayed by a shoplifter. Even though it was hard to do so (especially my sprayer), I immediately disengaged the apprehension and allowed them to make quick egress of the store. Yeah, I was pretty upset for a day or so that they got away, but the end result is that no one got hurt. That’s the key; there is nothing in your store that is worth sacrificing the safety of anyone for.

There really isn’t another job in the retail industry where personal safety can be compromised in the blink of an eye. I bet that guys in the IT department never have to worry about being pushed to the ground by a maniac as they try to run out of the store with $2,000 worth of cologne. LP is a unique business. We thrive on what others shy away from. While you’re out this week busting thief after thief, please remember your safety, and the safety of those around should take absolute priority above all else. There is nothing in your store that is worth the risk of injury. Be safe and happy hunting.


Shoplifting And Organized Shoplifting Rings

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For a long time now police departments across the United States have been working closely with retailers in their areas to protect their stores, the safety of customers and residents alike. The cost associated with shoplifting goes beyond the loses it causes to the retail store and consumers, and violent crimes associated with shoplifting keeps police departments busy and the crime rate increase is bad for business.

For more about shoplifting follow the links below.


Shoplifting putting the pinch on police, businesses

Shoplifting is a significant problem that costs retailers as well as consumers, and may lead to other crimes, according to Martinsville’s Police Chief.

Shoplifting accounted for a fifth of Martinsville’s total Part I crimes in 2014 – crimes that are the best indicator of the safety of citizens, including violent and property crimes, Police Chief Sean Dunn said. Shoplifting accounted for 92 of the city’s 441 total Part 1 crimes (nearly 21 percent) in 2014.

“This is a significant cost to our local retailers, which certainly translates to a higher cost for all of us. As a result of the large percentage of shoplifting incidents, we decided to tackle this from a department-wide approach and enhance our partnership with the business community,” Dunn said.

“This is a significant cost to our local retailers, which certainly translates to a higher cost for all of us. As a result of the large percentage of shoplifting incidents, we decided to tackle this from a department-wide approach and enhance our partnership with the business community,” Dunn said.

The Martinsville Police Department’s initial response included patrol officers making periodic stops at local businesses “to deter unlawful activity and to reinforce with the business community their importance to us,” Dunn said.


Observation skills, quick thinking help prevent shoplifting

About 27 million shoplifters live in the United States today, with offenders spanning generations.

According to the National Association for Shoplifting Prevention (NASP), that means 1 in 11 people have shoplifted. There is no “typical” offender.

“It could be anybody,” said Nathan Hershley, the security supervisor at East Hills Shopping Center. “I’ve personally dealt with (shoplifters) from 14 years old, clear up into their 50s.”

Shoplifters target all types of stores, according to NASP — from drug stores to supermarkets, convenience stores and even thrift shops.

Store employees and customers who shop there play an important role in helping catch anyone suspected of stealing. Staying alert for suspicious behavior and catching the suspect(s) on photo or video can help authorities make an arrest.


Experts say organized crime rings are on the rise. A September survey by the National Retail Federation showed 97 percent of retailers contacted believed they were victims of organized retail crime within the last year. Almost half reported a “significant” increase in such crimes.

Jan. 02–Supermarkets across Central Florida were puzzled after more than $50,000 worth of merchandise vanished from shelves.

It wasn’t the result of closeout deals or the green-haired Christmas villain known as the Grinch making off with cartloads of products from Publix and Winn-Dixie stores. Rather, a posse of Central Floridians pilfered pricey grocery stock such as Crest White Strips and Gillette razors from almost 100 stores.

Security camera footage eventually revealed the coordinated thievery, which led to the arrests of five suspects. The organized shoplifting ring busted in August is part of a growing trend that has stores on their toes, especially with the increases of retail theft around the holiday season.


Using Social Media To Capture a Shoplifter

law-3Using Facebook, their own websites and other social media outlets, many retailers have for years posted  pictures of shoplifters on line in hopes of catching the shoplifter.  Posting images and descriptions of suspected shoplifters can be helpful in apprehending them, but it can also be legally harmful to you and to the business if you don’t know the laws in your state regarding shoplifting laws, and you post the wrong images and descriptions of the suspected shoplifter. If your store has an LP program or department, you need to check with them before any pictures are posted on social media.   And do you have insurance that will cover you in a potential law suit? Are the shoplifters juveniles? From the time you apprehend a shoplifter till the time you charge them with shoplifting, there are rules you must follow.  Check the laws in your state, a lawyer, or the legal department in your store before posting any images on line.

For more about this and other stories, follow the links below.


Local business uses Facebook to catch shoplifting suspect

A small business in Olive Branch is fighting back against shoplifters by using social media.

If the Pink Coconut Boutique catches you stealing, they will post you picture on Facebook. It’s a tactic they’ve always used, and it seems to be working well.

Store manager Debbie Ham recently posted a picture of an alleged shoplifter on the businesses page. She called for the 1.1 million Facebook followers to help identify the suspect.

And in less than 24 hours, 25-year-old Christian Tatum was identified.

“The fans were very upset (because) we do keep our prices down at the Pink Coconut,” Ham told FOX13.

This is not the first time the store has done it. They use the practice to help keep prices low.

Police would not comment on the matter. They only said it was the Facebook post that led to Tatum being identified.

“We do have 30 cameras in our store that we are very quick (to use). If there is an incident, we take our camera and review our video and burn a CD and we also post it to social media,” Ham said.

With millions of Facebook fans, the post led the Pink Coconut getting swamped with people reporting the accused criminal.


Shoplifting Laws by State

Alabama Shoplifting Laws

Detention and arrest of person suspected of larceny of goods held for sale.

(a) A peace officer, a merchant or a merchant’s employee who has probable cause for believing that goods held for sale by the merchant have been unlawfully taken by a person and that he can recover them by taking the person into custody may, for the purpose of attempting to effect such recovery, take the person into custody and detain him in a reasonable manner for a reasonable length of time. Such taking into custody and detention by a peace officer, merchant or merchant’s employee shall not render such police officer, merchant or merchant’s employee criminally or civilly liable for false arrest, false imprisonment or unlawful detention.

(b) Any peace officer may arrest without warrant any person he has probable cause for believing has committed larceny in retail or wholesale establishments.


Kohl’s shoplifters identified after public’s response to released photos

D’IBERVILLE — A surveillance picture released to the media has helped lead to the identity of two women accused of shoplifting and assaulting a Kohl’s employee, police said.

Police obtained arrest warrants for Michelle Quin and Tykeshia Barnes, both 18, and released their names Monday.

Deputy Police Chief Clay Jones said a third woman who appeared in the surveillance picture was not arrested.

Quin and Barnes each face charges of shoplifting and simple assault.

Police said the store on Promenade Parkway had reported the women stole merchandise Jan. 8 and said two of the them assaulted a loss-prevention officer who tried to get them to return inside the store.


Using Employee Engagement To Prevent Shoplifting

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There is no question that employee happiness in the workplace can be an asset to your company.  Happy employees that are valued can give a business the edge they need to make their business a success. Happy employees are less likely to steal from you, and are less likely to call off regularly.  Having employees that feel appreciated can be an advantage to your retail business, and a tool to prevent shoplifting.

For more about shoplifting, follow the links below.


Retailers Experience Success Due to Employee Engagement

Expert advice on how retailers can craft customized services in order to strengthen financial performance through greater quality of management and employee engagement.

Management consultant Oliver “O. Lee” Mincey, who focuses on employee engagement and the attributes of great management, has nearly 25 years of training and leadership development experience. He has developed training and learning programs positively impacting well over 40,000 people for clients and previous employers including Six Flags, Disney, Universal Studios and House of Blues.

Founded in 2009, Oliver Mincey Co. designs strategies to help clients solve their most complex and interesting leadership and employee engagement challenges. Engagement helps reduce costs associated with poor employee retention, relations and morale. Its core values are: Do what is right, always; take ownership and get it done; inspire passion for people; focus on outcomes; fuel growth and innovation for both us and our clients; and embrace good cheer.

Mincey shared five tips for great management and his secrets of employee engagement.  A great manager, he said:


Online crime system blitz on retail theft

A new cloud-based crime reporting system could prevent up to $2 million of retail thefts every day.

Police have teamed up with Auckland-based company Auror who developed software that streamlines crime reporting processes.

The software will be rolled out nationally after successful trials in Counties Manukau and Canterbury.

The software enables retailers to complete incident reports and provide relevant information to police about thefts including shoplifting and petrol drive-offs, and other incidents.

The information can be shared between retailers to prevent further offending.

A Police National Headquarters spokeswoman said all information shared through the Auror portal was automatically forwarded to the police crime reporting line.


SeeTec Cayuga BVI Retail Combines Article Surveillance With Video Analytics For Retail Security

If you believe recent surveys to be true, commercial damage in Germany caused by retail shrinkage accounts for about 3.8 billion Euro per year – this is one per cent of the total turnover of this industry. More than half of this is caused by shoplifting. Another 40 % of the total amount can be related in equal terms to employees and suppliers.

The retail industry’s answer to this enormous volume of damage is obvious: prevention and investigation by combining traditional article surveillance and intelligent video technology. Video-based systems do not only reduce retail shrinkage. They can also be used to better understand customers and their buying behaviorand to optimize the sales approach. SeeTec Cayuga BVI Retail provides solutions for both requirements.

Challenges Faced By Retail Business

Highstreet retail businesses don’t have an easy time: Online trading provides maximum price transparency and therefore puts enormous pressure on the margins through a plain cost structure and 24/7 opening hours.


FISCAL INVENTORIES FROM AN LP POINT OF VIEW

theft (11)With January the last month fiscal month for plenty of retailers, we can all look forward to *drum roll* INVENTORIES!! Wait, am I the only one excited to count millions of pieces of merchandise in a single night? I’ve always been the odd-ball in my department I guess. Inventory is a great way to start a new fiscal year off. Clean inventory counts, accurate pricing and getting back in stock is the key to making sales in the 1st quarter. Remember, customer service starts with being in stock!

I am responsible for nearly 30 stores, so it’s practically impossible for me to get out each store’s annual inventory, however I do manage to see a few. I’ve also built up quite a few pointers, from an LP perspective that is aimed at helping managers and making the counting process that much easier. As my Christmas gift to you, I’ll share my top 5 best practices.

Do you have basedecks?

Those are the bottom shelves of your gondolas. They make great hiding spots for employees to stash product. About one week prior to inventory night, it would be a wise idea to assign someone to go aisle by aisle, lifting up every single basedeck in the store. I normally find the equivalent to 5-7 shopping baskets of product hidden underneath. This equates to thousands of dollars that would have otherwise been written off as shrink.

What about warehouses, common areas and offices?

I find these ripe with stashed product and it drives me up the wall. Again, look in all areas that are common “hiding places” to pull all of that product out so it can either be sold… or counted.

You don’t have time to look for SKUs on inventory night!

This one is aimed at soft goods and apparel mainly. I’ve seen stores write off hundreds of apparel items because a sku could not be located 13 hours into the count. Go rack to rack, at least a few days prior and make sure everything is tagged with a scannable bar-code. Trust me, this will save you time, energy and money on inventory night.

Do you have storage containers?

You would not believe how many times I’ve seen stores post losses of $10k+ on inventory night, only to realize 3 days later that they failed to scan an entire storage trailer of product x. Don’t be this store. I find that pre-counting these areas is much more effective than counting on inventory night. Just don’t forget about them!

Don’t let just any associate scan/count!

This is for you retailers out there that scan your own inventory and who don’t rely on an outside agency. I see it year, after year. Managers try to get as many people scheduled to work that night, and now your trusting some of your worst employees with your greatest financial investment (your inventory). Choose quality over quantity. Please, believe me when I say this; 1 person can completely ruin an inventory. One lazy employee who is 1 tardy away from being terminated does not care one bit about your shrink and how it affects the store’s bottom line, or your pockets. I beg you, please only let those that have a vested interest in your store conduct your inventory. I’ve seen cases where one employee had single-handedly scanned an entire stock of baseball bats as one single sku. This mistake wasn’t caught until replenishment on every single bat started hitting the stores. It was a complete disaster. Don’t let this happen to you!

I hope you all had a safe and enjoyable New Years. I hope 2016 is profitable, prosperous and full of (good) surprises. I hope your 2015 inventory is just the same.