Investing In A Security System For Your Store

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Many big retailers do not think twice about investing in CCTV systems for their stores. Among other theft preventive measures, CCTV systems’s cost is minuscule when compared to the theft these retailers face.  Many small retail shops forego the use of CCTV systems or other preventive measures due to the cost involved initially, although the losses they suffer are more substantial than those associated with the cost of a loss prevention system.  If you are thinking the investment you are doing to prevent theft is not worth the cost, think again.  The retail industry loses billions of dollars yearly due to employee theft and shoplifting. Acquiring a security system for your store regardless of the size is worth the investment.

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Loss Prevention Essentials: Electronic Article Surveillance Technology Helps Enhance Sales and Protect Profits

Systems must be properly managed in order to be effective.

Electronic article surveillance, or EAS, systems have long been a staple in the battle to curb shoplifting. Retailers over the years have collectively spent millions of dollars to protect their merchandise from shoplifters and, in some cases, their own employees. Like many major expenses, when the technology is first purchased and installed a concentrated effort is made by the loss prevention teams to train store associates on the proper processes and procedures that need to be performed in order to realize the most benefits that the technologies deliver. But like other big purchases one makes, time and in-attention to details takes their toll. Liken to the shining new toy that you got as a child for Christmas long ago, as time goes on and the allure of the toy begins to diminish, it all too often starts to be ignored. Technology investments like EAS often suffer the same situation, exit alarms start are dismissed without action, proper tag placement on merchandise begins to stray and even the simple process of testing the systems to ensure they are working are overlooked.


HBC settles race complaint from shopper, agrees to educate staff on profiling

HALIFAX – The Hudson’s Bay Company has agreed to educate its staff on racial profiling as part of a settlement in the case of a now-deceased Nova Scotia grandmother allegedly accused of shoplifting a rug.

African Canadian Kathleen Viner filed a complaint with the Nova Scotia Human Rights Commission alleging that two employees discriminated against her at a now-closed Zellers store in Greenwood, N.S., in 2008.

Viner, then a 77-year-old grandmother of 13, was stopped by a security guard “and made to feel she had stolen a rug,” according to an affidavit from her daughters, Shelley and Donna.

Viner provided proof she had bought the rug, but the incident left her shaken, her daughters said.


OBPD attempts to help local businesses prevent shoplifting

Osage Beach
Retail loss is one of the most challenging aspects of doing business.
According to the National Retail Federation, shoplifting accounts for 38 percent of an estimated $44 billion in retail losses each year. Inventory shrinkage includes shoplifting, employee/internal theft, administrative errors and vendor fraud or error.
The Osage Beach Police Department wants to help area merchants slow that retail loss, a loss that ultimately is passed along to consumers.
The OBPD hosted a Meet and Greet Partnership Meeting recently with nine retailers to discuss retail theft issues, to give pointers and allow retailers to share tips and trends. Several area businesses, law enforcement, financial institutions and prosecuting attorneys were invited.
Sgt. Arlyne Page, communications officer with OBPD, said the department began a crime prevention program in 1981, and more recently has held meetings with Osage Beach Premium Outlet managers to coordinate prevention efforts among retailers. Target store management encouraged meetings last spring, and a month ago asked the OBPD to host a meeting on shoplifting and retail and digital fraud.


 

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