Shrinkage is a familiar term for retailers as it is a constant metric that they are looking to control and reduce. Shrinkage can mean a loss of inventory due to shoplifting, employee theft, or errors with filing or receiving products. When shrinkage is not addressed, it is costly for the retailer and has a rippling […]

Read More… from Top Sources of Shrinkage for Hardware Stores

For many retailers, the warm weather means adding lawn and garden inventory to their hardware stores. From leaf blowers and edgers to lawnmowers and chainsaws, these equipment pieces don’t just have high-dollar value—they are also prone to theft. Of course, retailers want to offer the merchandise to customers, but doing so also comes with the […]

Read More… from Cost-Effective Security Solutions for Your Seasonal Lawn & Garden Inventory

The retail industry faces profound losses due to theft on an annual basis. These issues with shrinkage and erosion of profit margins can easily lead to significant cuts in revenue. Theft doesn’t just affect profits, however. Problems with inventory control affect the baseline customer as well. As a result of shoplifting, shop owners often must […]

Read More… from How to Build a Loss Prevention Plan for Your Retail Shop

Customers come to retail stores to touch, feel, and interact with products they are looking to purchase. It’s a vital aspect of the customer’s experience. And while having customers interact with products can conflict with loss prevention strategies, it doesn’t have to. When merchandise is secured to retail displays it can improve customers’ experiences in […]

Read More… from Improving Your Customer’s Experience While Maintaining Security

How customers purchase products has evolved. With technology advancing, customers can view inventory availability for specific locations, place pick-up orders, and shop online. While these advancements increase opportunities for purchases, they can also increase opportunities for theft. With the changing landscape in the UK, loss prevention for retail businesses is crucial to protecting your bottom […]

Read More… from How Loss Prevention Helps Your Retail Business

In recent years, hardware stores have seen a surge in organized shoplifting. Among the primary targets are power tools and high-value electronics. Criminals will swipe power tools because these products rank among the most expensive hand-held items in hardware stores. It is easy for thieves to sell stolen merchandise with online platforms such as Facebook […]

Read More… from Preventing Retail Theft in Power Tool Displays

While technology and the internet bring value to everyday life, there is a dark side to all things good. Unfortunately for North American retailers of every kind, the internet supports one of the largest illegal markets for stolen goods. Top-dollar items are at risk of being stolen and illegally sold online, and hardware stores are […]

Read More… from How the Resale Illegal Market is Increasing Theft in Hardware Stores

Retail theft continues to increase in the UK and across Europe, with shop owners sustaining sometimes devastating losses. The British Retail Consortium’s 2021 Retail Crime Survey indicates retail outlets in the UK incurred theft and crime prevention costs that exceeded £2.5 billion, a 14-percent increase over the previous year. Shopkeepers also suffered 455 daily incidents […]

Read More… from Cost-Effective Retail Theft Solutions for UK Shopkeepers

Individuals focused on reselling stolen merchandise from retail stores have become increasingly bold. Reports indicate that organized retail crime has emerged as a growing business with groups coordinating shoplifting efforts and black-market reselling online, making it increasingly important for store owners to invest in reliable security cables with sensors to secure their valuable product against […]

Read More… from Investing in Recoiling Security Cables with Sensors for Store Displays