Five Effective Measures For Reducing Retail Store Theft

Retail is one of the most common businesses entrepreneurs get into. But it’s also the one most targeted by thieves. It’s not just overnight burglary retail store owners need to worry about. Many shoplifting incidents occur during the day. Not only that, but employee theft is also common at retail stores.

It’s a commonly targeted industry for stealing. But because of this, there are many proven methods for reducing it. If you manage a retail business, here are some of the things you’ll want to do to reduce theft.

Alarms And Cameras

The first thing you’ll want to do is install a reliable security system in your store. Start with an alarm to alert authorities if anyone trespasses your store during closing times. You’ll also want security cameras, as they can help you identify perpetrators.

Security cameras for businesses are getting more advanced. Thanks to new technology, you can easily store hours of security footage and watch it back from a computer or TV screen. If you’re looking for information on security camera systems, you can discover more from Security Camera King.

Simply having cameras watching customer areas can deter people from shoplifting. You can also hire guards to watch cameras and stop crimes as they happen.

Security Tags

You can add security tags to products to set off alarms if a customer doesn’t pay. It’s a highly effective way to prevent any incidents of petty theft, as shoplifters can get caught immediately.

Clothing stores often use ink tags which spoil stolen products. They work with sensors which are activated when exiting the store. But there are many variations of security tags, and they can be used for various kinds of products.

Reduce Access To Merchandise

One of the simplest ways to prevent thieves from performing a grab and run is to stop them getting their hands on products. Many stores find ways to make their valuable items less accessible to customers.

An obvious example is jewelry stores. Jewelers often use glass cabinets which they can unlock with a key. Customers can still view items, but they have to ask a store representative to get access to them.

Another good example is electronics stores. They often have display boxes for things like DVDs and expensive devices. Customers have to pay at checkout to get the real item.

Inventory Tracking

Some thefts may go unnoticed. To identify them, you should always keep track of your stock to make sure all items are accounted for.

You should also keep track of your money. There are often cases of employees stealing from cash registers at retail stores. Make sure money is counted to check for any losses.

Although inventory tracking involves a lot of counting, it doesn’t all have to be done manually. You can find inventory management software at Capterra to help you track your assets.

Increase Awareness

Making customers aware of security can often prevent them from trying to steal. Make sure signs are up to warn people that cameras and theft-prevention measures are in place.

You’ll also want to ensure employees are aware of any security risks. Make sure they look out for any suspicious activity from customers and report it if they think theft is likely to happen.