In 2009, retailers across the nation lost over $33 billion in revenue due to shoplifting and employee theft. Surprisingly retailers lost less in 2009 than in 2008. The decrease in retail shrinkage can be tied directly to the increase in the use of security systems in retail stores.
In August 2010, retail stores in Dallas, Texas participated in tax free weekend. During this government holiday, shoppers can make certain purchases that are exempt from sales tax. Unfortunately, there were several customers at retail stores in Texas who didn’t feel the need to pay for the merchandise they wanted. In Dallas however, security camera systems were able to catch many of these criminals in the act and resulted in much lower losses than the previous year.
Has your retail store been targeted by shoplifters? Is it possible you’ve had employees stealing from the register, but were never able to catch them in the act? Shoplifting and employee theft are the top two reasons for retail shrinkage. Almost half of the losses from these retail crimes are committed by the stores own employees.
How can companies avoid these outstanding losses? If you don’t have a security system, you’re already behind. Companies were able to reduce losses from 2008 to 2009 due to the increase in security cameras and surveillance systems in their stores. Some retail stores have integrated their security cameras with cash registers using point of sale systems to monitor every transaction processed by each employee. Other companies have enhanced their security systems by integrating network IP cameras and megapixel cameras, which provide higher resolution and finer details than standard analog cameras.
Don’t be a victim of retail crime any longer. Take the first step and contact a security systems expert to find out how you can benefit from a retail security camera system or point of sale system. Surveillance systems are less expensive than ever before. These systems not only save you money, but they deter crime, which means less time spent filling out police and insurance reports and more time selling merchandise to paying customers.