Many retail businesses invest heavily in the security of their stores. Security guards afford an undeniable benefit to the protection of the goods in the store, although, they are not the only solution in many instances. Small businesses that cannot afford to hire full time security guards have to rely on video surveillance or other measures for protection against theft. Keeping your business safe from shoplifters or employee theft has become a security problem many retailers seem to have, and no solution has presented itself. For more information about how to keep your business safe and other news follow the links below.
Keep Your Business Safe: The Latest in Retail Theft Prevention
It’s not easy being a shoplifter these days. According to the 26th Annual Retail Theft Survey from Jack L. Hayes International, retailers are catching more thieves and dishonest employees than ever before. As apprehensions and recovered dollars increase the world of retail benefits, what’s contributing to these improvements in the industry? What tools and security measures are helping stores catch crooks faster and more effectively?
To help answer these questions, let’s take a look at some of the advanced security measures in place for retail theft prevention today and what they could mean for the coming year.
Video Security
As anybody in a high-cash-volume environment can testify, it’s hard to have eyes everywhere at once. Enter video security. With a digital video monitoring system, retailers have a way to see what’s happening at all times. If someone tries to swipe a product or if an employee tries to steal from the cash drawer, video surveillance makes it easy to catch the perpetrator and recover lost funds.
“Operation – Bundle Up Washington” Reduces Crime
While many of us were bundling up against winter weather, 20 7-Eleven stores in the Tacoma and Federal Way areas of Washington State were wrapping up a 30-day crime spree – thanks to a tremendous coordinated effort by the 7-Eleven, Inc. Asset Protection team, franchisees, sales associates and local law enforcement agencies.
From Nov. 26 until Christmas Eve, one man committed crimes at 20 7-Eleven stores, as well as at other retail establishments in that area. But on Christmas Eve, his luck ran out. Thanks to consistent communication from 7-Eleven, local law enforcement and our retail partners were on the lookout for the perpetrator. When he struck again, he was immediately identified and taken into custody.
“Franchisees, store managers and sales associates all played crucial roles in this case by quickly reporting incidents to the Asset Protection Hotline,” says Mike Aldridge, 7-Eleven Asset Protection Specialist & Law Enforcement liaison. “The faster an incident is reported, the faster the Asset Protection team can respond and help bring resolution.”
The Dallas headquarters-based 7-Eleven Asset Protection team reviews all robbery incidents reported to the company’s Asset Protection Hotline. The team analyzes surveillance video and images from each incident to help solve the case and prevent future incidents from occurring.
NOMi and March Networks deliver first integrated loss prevention and retail analytics solution
NEW YORK CITY, NY, January 11, 2015 –– NOMi, the dominant in-store marketing and analytics provider, and March Networks, a leading provider of intelligent IP video solutions, today announced their first fully integrated solution for advanced loss prevention and retail analytics. This solution combines high definition (HD) streaming video from NOMi’s recently launched Brickstream 3D LIVE analytics sensor with March Networks’ new Searchlight video-based business intelligence software. It offers a single, easy-to-use platform that loss prevention, operations and marketing groups can use to improve store performance and profitability. March Networks is also the first NOMi alliance member to leverage the new Brickstream 3D LIVE sensor for loss prevention purposes.
Using Searchlight’s browser-based software interface, retailers can access the Brickstream 3D LIVE ONVIF compliant HD video, as well as integrated transaction data from the retailer’s point-of-sale system, to identify instances of potential theft and reduce investigation times from hours to minutes.
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