The busiest shopping season of the year is almost done. The gains and loses of the year will be accounted for, and if you had a good year, it will show on the gains column. Preventing shoplifting or minimizing shrinkage in your store does not end at the end of the year. Shoplifting is a continuos problem for retailers, and the loss prevention team in your store. The beginning of the new year though, offers you a unique opportunity to start over, study the loss prevention team’s effort, and make the necessary changes for a better year.
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Amazon Go is a new idea in retailing, now being tested at a store in Seattle, that eliminates the need for customers to go through a checkout line. The so-called “just walk out” experience depends on “the world’s most advanced shopping technology.” Customers simply enter a retail store, choose the goods they want, and leave. The checkout process is automated: The selected goods are charged to the customer’s account automatically.
Solving Shoplifting
Most of the information I have read about the system emphasizes its benefits in terms of customer convenience. However, another huge benefit would be to essentially “solve” the problem of shoplifting. Anyone – criminal or not – who enters the store, takes items and leaves will be charged for the goods.
Shoplifting has been a huge and intractable cost for retailers for decades. Solving it is no small feat, and the potential money savings could help to pay for wider use of Amazon Go technology. After all, the high costs of the system are cited as one obstacle to wider implementation.
Amazon Go Smart Phone App
The Amazon Go system involves a smart phone app that identifies the customer as he or she walks into the store (presumably through a turnstile). In addition, there are computerized systems in place that automatically identify which customers pick up which items from the store shelves, and keep a running, real-time tally of who buys what. No need for check-out lines; it’s all automatic. Customers only need an Amazon account, a supported smartphone, and the free Amazon Go app.
Tips for avoiding holiday theft after the gifts are opened
“Every day, citizens can be a target or a victim of identify theft or anything like that, so you want to do everything you can to prevent the prevent that likelihood that you become that target,” explained Sgt. Dan Haskins of the Joplin Police Department.
BBB: Ten consumer tips for the upcoming year
Better Business Bureau is proud of our mission: to be the leader in advancing market place trust. In order to fulfill that mission, every year BBB offers thousands of tips for consumers to help them find a business they can trust.
BBB helps people find and recommend business, brands and charities they can trust. Better Business Bureau serving Central, Coastal, Southwest Texas and the Permian Basin compiled the top 10 consumer tips to help you fight scammers, prevent identity theft and save money in 2017:
- Do your research. Always check a business out with BBB before you buy. For any business, visit bbb.org to view their BBB Business Profile, which includes contact information, complaint details and customer reviews.
- Protect your identity. Always shred paper documents that include sensitive financial data and dispose of computers, cell phones and digital data safely. Safely store all personal documents, such as your Social Security card. Pull your credit report at least once a year, and check your credit and debit card statements frequently.
Light-When someone is looking to do no good to your property, they feel more secure if it looks like no one is home. The key is to confuse them and make them feel unsure. Remember, most burglars are lazy. If they are not sure about your house, they will move on. So you should have at least two light timers (three is better) set up and running seven days a week. These should be in different areas of the home and should come on and off at different times. Use the random or security feature found on most timers. This will vary the on/off time every day just a little in case someone is watching the house for a pattern.
e cost. Shop around for quality units. A few things to consider when purchasing:
Each year retailers take inventory of their merchandise, counting what they have in the store, reconciling that information against sales receipts, vendor credits and receipts and markdowns. Usually the result is some amount of shortage or merchandise shrink due to merchandise that cannot be accounted for and losses due to certain markdowns and damaged products. I have in rare instances seen overages, but those are usually the result of offsets from prior year shortages often attributed to paperwork errors. The store objective each year should be to improve upon the prior year inventory result. Certainly the best case would be to have zero dollar shortages every year, but that is not a realistic expectation. I try to explain to employees that if one package of gum were to be stolen during the year, you have incurred shortage. There are steps a store owner or manager can take to work towards that yearly improvement and shoot for a zero dollar shrinkage year.
After a long and contested election cycle, a new president will be inaugurated and with this result, some experts are predicting the economy will begin to improve significantly.
customer transaction.
Have you been keeping up with the news? It appears the stock market is on the verge of breaking new records. People are gaining confidence now that some economists are expressing optimism that we are about to see a jump start in economic growth. Does that mean EVERYONE is going to benefit? Unfortunately, the answer is no. There are many people who will continue to work in their current jobs and experience little personal benefit in their own eyes. What do I mean, “In their own eyes?” Just this, there are some people who are not satisfied with their job, or financial situation, or any number of things in their life and do little or nothing to try to change that. What they WILL do is get jealous when they see others who do well. It may be a co-worker who gets a promotion, a friend who has received a pay raise, a relative who has purchased a new car, there are lots of things that people can get jealous over. Sometimes this jealousy turns into an attitude of “Keeping up with the Jones’s” and can result in someone engaging in dishonest activity so they can have new things too. Frequently those who steal because they haven’t gotten that raise or promotion will try to justify their actions by rationalizing that they deserve it and aren’t being recognized for their contributions.
Many stores, public places, and government
Police Departments across the nation are busy this holiday season launching operations aiming at catching shoplifters.
In the previous article, I gave some great tips on how to prevent and prepare for a robbery. Like many things, it’s impossible to provide a solution that is all encompassing. After I penned that article I couldn’t help but think that there was more that I could share; more that I should share. I draw on over a decade’s time spent in the LP field and this is one of those topics that I just can never stress enough to my store managers. So, what else can you do to limit a robbery and/or cash loss?