No retail store environment is precisely the same. Not only are there variables when it comes to merchandise, there can also be variables in how that merchandise is displayed and how customers expect to interact. Further, some stores need different levels of loss prevention than others. For these reasons, out-of-the-box security solutions may not always […]
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Organized Retail Crime (ORC) is affecting retailers daily, and the problem is growing at an alarming rate. It can cost retailers roughly 1% in total sales. Even more alarming, retailers reported an uptick in aggression and violence associated with theft and other forms of retail fraud last year. For many years, retailers have used a […]
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Theft at lawn and garden centers has been an ongoing problem for retailers. The merchandise sold at lawn and garden centers is both high-value and holds a high resale value on the second-hand market. With a better understanding of the issues facing lawn and garden centers, retailers can implement proven strategies to reduce theft. Theft […]
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Theft in retail stores is at an all-time high with some stores facing as much loss as two to three percent of total sales. Hardware stores are not immune to this rise in retail loss. With much of the inventory in these retail establishments being high-value, hardware stores are at an incredible risk when it […]
For big box hardware retailers, preventing theft and navigating loss prevention is an ongoing area of concern. Over the years, retail theft issues have grown by leaps and bounds, especially due to problems with organized retail crime (ORC) and loosened laws surrounding “misdemeanor” instances of shoplifting. According to CNBC, organized retail crime cuts into profit […]
Read More… from How Big Box Retailers are Preventing Theft – Lessons for Local Hardware Stores
Shrinkage in the retail industry can involve a number of types of losses, and, for years, measuring shrinkage in retail has been an ambiguous process. Total retail loss (TRL) is a more inclusive concept of categorizing and understanding the many forms of retail loss a business could face. Instead of focusing on just shrinkage or […]
In recent years, hardware stores have seen an increase in theft that continues to impact the industry. Many big box stores have gone to great lengths to protect their inventory from theft such as installing a Bluetooth locking system to items that can only be deactivated by employees. These expensive solutions are often not cost-effective […]
Not many retailers can say that they haven’t experienced some form of shoplifting at their store. It is extremely prevalent in the retail industry and retailers are constantly looking for ways to prevent shoplifting and reduce the impact it has on their profits. What Do When You Spot a Shoplifter Shoplifters have become smart. They […]
There is no denying the importance of mobile phones in our day-to-day lives. Mobile phones that are stolen directly from retailers often end up in the resale market. Learn more about theft prevention for mobile phone retailers. Why Are Mobile Phones a Target for Theft? Displaying mobile phones for sale is like displaying hard cash. […]
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