In retail, every dollar counts.
Store owners and managers need to protect their businesses while protecting the bottom line.
In a recent industry study, over two dozen U.S. retailers reported shoplifting and employee theft losses of more than $4.7 billion in a single year. One out of every 28 employees were caught stealing. A larger study of U.S. retail chains found that shoplifting cost retailers nearly $10 billion in losses, and employee theft cost $15 billion. These losses don’t even include other threats to the bottom line, such as retail losses from robbery or burglary, fire or vandalism, or fraudulent injury claims, to name a few.
Can a security system stem the tide? Here are some alarm technologies that can contribute to fighting retail loss.
Verification a sound choice for retailers
Priority #1 should be a state-of-the-art verified audio intrusion detection system. This technology reduces false alarms and allows real-time information to be relayed to first responders, providing the high-level protection and faster response retailers need. Your alarm system can also be set to protect employees who stay after closing to count the deposit or do inventory.
The next key technology to consider is verified digital video surveillance. Both covert and plain site video cameras can deter both employee theft and shoplifting. They can be helpful in the sales area and in store room and loading dock areas. Cameras are also an important tool in confirming whether an actual break-in has occurred. This allows the system to be reset if there’s a false alarm. Video can also be very helpful when examining injury claims.
Keyless access control has a host of capabilities useful to retailers. It enables designated employees to open and close the shop. Management can also easily add, delete and track seasonal employees.
The crucial point is having your security system monitored by a team of trained professionals at a local central monitoring station.
Once you have these key features, these systems can minimize shrinkage and drive a solid return on investment.
Contact us at Sonitrol Great Lakes for a free assessment of how our verified security solutions can help protect your business
