More than ever, shoplifting is massive threat to all retailers. When times are tough, shoplifting increases tremendously. Sorry times in the economy can easily attract first-time pilferers. As a Loss Prevention Expert, I deter hundreds of dollars each day from walking out of the door. A majority of retailers do not realize how massive the problem is, until the amount of loss has spiraled out of control! Loss prevention tactics are consistently updated to cover the growing shrink issues in the retail environment. Shrinkage must be reduced by utilizing anti-shoplifting security tags, as associate awareness is just not enough anymore. What are you doing to ensure your merchandise is not stolen daily?! Does it really deter theft?! Checkpoint Hard Tags are my go-to method, to stop shoplifting.
When you are able to maximize your merchandise protection needs with Checkpoint Hard Tags, theft will be greatly reduced. I have witnessed several situations proving this method. When I am hired as a Loss Prevention Manager for a new location, I always observe incidents on CCTV that no one realized was happening! When I started racking up high dollar cases each week, my store management team was shocked by the amount of theft that was occurring without them knowing. A lot of retailers base their “known theft” reports off of tags being found. Then when inventory results are calculated at the end of the year, they see several departments they were not aware of had shrink issues. This method is not realistic, and there is so much more to configure to be accurate. Professional thieves will leave the price tags on the item, knowing that they do not alarm. Sometimes it just takes a specialist in Loss Prevention, to be able to shed light to these type of shrink issues. For retailers, Checkpoint Hard Tags will stop shoplifting by ensuring the highest level of inventory control and protection. I was previously employed at a local retailer, which did not believe in placing Checkpoint Hard Tags on any of their high dollar merchandise. A majority of their products, was at a price point over $59.00, per item. To me, that is too high of a price point to trust without any type of protection. “Hoping” it will not be shoplifted is not enough. This particular store had an increase in shrink, based on their 3 year trend. They were not changing any of their processes and kept doing the same exact routine for merchandise protection. The store never considered updating any of their security devices, until seeing all the investigations that I completed. I pulled the store’s shrink numbers by department and found that their top 5 shrink consisted of a majority of clothing items that had no protection whatsoever. After the team learned that Checkpoint Hard tags are inexpensive, they knew they would have to give it a try. At this point, what did they have to lose?! They already lost 120k with their current program! After placing all the devices on and completing counts daily, I was able to track the theft trends for the store to see if a difference was made. We noticed a huge decline for those areas week by week, and were able to completely turn the store shrink around the following year. Even though I am not employed anymore at that location, I still go there to shop. It is amazing to see they still are utilizing this as a best practice program, and have not missed a beat!
When retail stores start increasing in shrink, you lose profit and pushing the company to make harsh decisions. This can includ cutting positions and changing budgets. It feels good to know that I changed a retailer around, by such a simple task! Do not lose more money, as a result of ineffective or outdated loss prevention security tags. Do not continue the same path, by not updating your protection. We have to make a change in order to decrease shrinkage in our stores and stop shoplifting.
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