There are many different ways for shoplifters to steal from a store. The obvious way is for a shoplifter to conceal product and walk out without paying for it. Another very common method, but one not often talked about, is ticket switching. This method of theft involves taking the price label off of a low priced item and placing it on a high priced item. The shoplifter will then go to the register and if the cashier does not catch the price change then the customer will pay pennies on the dollar for the product.
So how can you prevent this? One answer is to make sure your cashiers are trained on your products so they have a basic knowledge of the merchandise price points. They then have to pay attention to what they are ringing and question when an items seems to be priced unusually low. To help I also suggest using Checkpoint security tags from Checkpoint Systems. When you use Checkpoint Systems it is not necessary to put the Checkpoint security tags on all merchandise. I suggest only putting them on high dollar and high theft items. The immediate benefit is that shoplifters are wary of stealing products when they see you have a Checkpoint security system in place. Remember, retail theft prevention is really the goal.
The second benefit is that if a customer comes to the register with an item that is low priced AND has an anti shoplifting device a red flag should go off to the cashier. Since you generally put Checkpoint security tags on high dollar merchandise there would be no reason for an anti shoplifting device on the low priced item, thus the ticket could have been switched. One quick price check from the department and you may have just stopped yourself from a loss.
Visit the Loss Prevention Store to purchase retail anti theft devices from Checkpoint Systems.
For more information on Checkpoint Security System, Anti Shoplifting or Checkpoint Security Tags contact us at Retail theft prevention or call 1.770.426.0547
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