What puts many businesses out of business is the inability to get control of retail shrinkage. There can be a stumbling block to recognizing the reality that all retailers experience employee theft. Many retailers, especially boutique types, have “good repeat customers”. They may be shocked to know how many of those “paying customers” are actually great actors and professional level shoplifters that are cleaning out the store bit by bit.
Other areas that are a problem smaller retailers have a hard time looking at is that there is a good potential that they are experiencing some retail shrinkage due to vendor fraud. Long term trusted vendors are often waved by through the receiving line and invoices are signed blindly. One shorted item per visit can add up to a significant side business for unscrupulous vendors.
So how does the retailer get control of retail shrinkage? There are many ways to do that and they can be divided into two areas, installed solutions and consulting solutions.
Installed anti theft devices such as Checkpoint Systems will not only deter shoplifting and keep shoplifters out but will also actively watch for theft and alarm personnel in the event product is being stolen.
Loss Prevention consultants can survey your store, procedures and issues and offer a plan that can be scaled into phases or implemented all at once to knock out retail shrinkage. This method will provide a detailed look at what is going on and can help avoid investing in a good solution to a problem you do not have.
For more information go to: retail shrinkage solutions
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