In a perfect world, there would be no such thing as retail loss , shrinkage or theft. And there would be no need for loss prevention, asset protection, employee theft investigations and security measures. Businesses would not incur huge losses. But, unfortunately, theft and loss in the retail environment is very real, and the issues must be dealt with proactively.
Do we live in a world full of thieves? It would be nice to think that we do not, but there are a few bad apples among us. There are plenty of people that a business may come in contact with that have every intention of gaining something for nothing – be it shoplifting, employee theft, or vendor fraud. Who can argue with the possibility of a 100% profit margin? That temptation alone often overpowers any sense of morals or decency that would encourage an individual not to steal. This is especially true in tough economic times, as individuals struggle to make ends meet. The temptation of a quick buck, or acquiring something desirable without spending any money, can often be too great to resist.
Businesses can combat retail loss in a variety of ways. Training employees to know what to look for in a potential shoplifter is important. Shoplifters do not want attention – so provide it! An understanding of organized retail crime (ORC) is also important for managers and loss prevention professionals. ORC thieves are involved in their own business of acquiring merchandise for resale. Consider these groups competition, in a sense, except that your business is their supplier. And you are supplying the merchandise free of charge.
Retail loss is an unfortunate part of doing business, but does not have to be the death of it.
For more information about retail loss or retail shrinkage contact us at retail loss or call 1.866.914.2567 – Atlanta.