Retail shrinkage is a growing problem around the world today. Retailers are always looking for the best solution to protect assets and boost profits. One of easy and most obvious is adding anti shoplifting equipment like Checkpoint Security Systems.
A growing chain of supermarkets in the south learned the value of a Checkpoint Security System after recently opening a new store and experiencing retail loss as high as 10%. The store management had no clue how or why these numbers were so high, but the corporate office wanted, needed, demanded answers.
Loss Prevention Consultants worked with the store team to develop shrink reduction efforts in store and recommended several tools to help combat the retail loss . Of those solutions, the Loss Prevention Consultants recommended the first step to control loss was to install a Checkpoint Security System. Shoplifting was a large portion of the overall store’s retail loss and had a huge impact on the morale of the store.
Daily the store management team was told of customers that come into the store and “shelf sweep” entire sections of the store, then get out of the store almost completely unnoticed. Checkpoint Security Systems are designed to prevent customer theft by being an obvious, audible and conspicuous deterrent to reducing acts of shoplifting.
The store decided to go with a Checkpoint Security System. The program was rolled out and Checkpoint labels were placed on merchandise deemed high loss. Additional anti theft devices were placed on areas like liquor and some electronics. The Loss Prevention Consultants also recommended using a loss prevention agent to help monitor customer theft activity as well.
As time went on, the loss prevention program created by this team of Store Management and Loss Prevention Consultants should a dramatic return on investment. Within the next inventory cycle, retail shrinkage was cut down to 3.3%, a dramatic decrease in one year. A large portion of this reduction was directly related to the installation of a Checkpoint Security System.
For more information about retail shrinkage visit us at retail loss or call 1.866.914.2567 – Atlanta Georgia