Theft is a major issue for retailers. In fact, according to a survey conducted by the National Retail Federation, theft and fraud cost retailers about 1.62% of their bottom line. While this sounds like a small percentage it has an estimated price tag of $61.7 billion. That’s why cracking down on theft is such a huge deal for retailers. To help with that, here are a few simple ways to increase security at retail locations to help prevent theft.
1. Increase lighting
Thieves like to hide. By increasing the lighting of your store and parking lot, you take away some hiding places and increase your visibility.
2. Add a bell or chime to the door
This extremely simple step not only helps you know when people enter your store, but also when they leave. That way you know are aware of those in your store and can keep a better eye on them.
3. Place checkout near the exit
Like number two, this tip helps you keep an eye on those in the shop even when you are busy with other customers.
4. Keep the store neat
This tip helps keep track of items and makes it harder for shoplifters to slip something into their pockets. This also makes a better, easier shopping environment.
5. Increase surveillance
People behave differently when they are being watched so let them know they are being watched. If you install cameras and a VMS, make sure to also post signs warning customers that they are being recorded.
LiveView Technologies believes heavily in the power of deterrence to help with security efforts. Each of these simple tips increases deterrence factors and decreases opportunities for thieves to strike. We partner with some of the biggest names in retail and help them monitor their property for theft, vandalism, and more. Our units are overt, cloud-based security solutions normally mounted on a mobile trailer. Our units do not require traditional communication links or power hookups. Rather, they transfer data through cellular connectivity and are powered with solar panels. Learn more about how LVT helps retailers here.
Source: 2020 National Retail Security Survey, National Retail Federation