retail loss prevention


Security and the benefits of loss prevention – Atlanta Georgia

Security and loss prevention have really become a partnership. In the past, loss prevention was more a security guard agency that helped control inventory shrinkage and prevent retail theft by providing an obvious and conspicuous presence.

Both security and loss prevention offer benefits to the retailer which may be experiencing a large amount of inventory shrinkage.

As an example, I had a store in a downtown, low income area which had been experiencing poor inventory results, lots of shoplifting and low employee morale. We had a loss prevention agent working the store, but because the shoplifting and other activities were so rampant, the loss prevention agent could not catch everyone or fix every issue. They needed help, they needed a new strategy. We looked at what else we could provide this store to help prevent shoplifting. Well, we knew the loss prevention agent was apprehending 3 to 5 customers a day for shoplifting. We also knew that for every shoplifter he stopped, even more got away. Employees working the store were overwhelmed with customer service and when witness to the shoplifters that got away; they felt as if the company didn’t care.

Our solution… provide the store with a uniformed security guard from open to close. Write post orders that both security and loss prevention could agree on. Now that security was uniformed and placed at the front of the store, he could help record activity and prevent retail theft by greeting customers as they enter and exit the store. Security was available to check out employee purchases as they were leaving the building, additionally, security and loss prevention worked to reduce inventory shrinkage and prevent shoplifting.

If your store is experiencing inventory shrinkage, or you are looking for better ways to prevent shoplifting and prevent retail theft, look into the benefits of security and loss prevention.

For more information about loss prevention security or retail loss prevention contact us at security and loss prevention or call 1.866.914.2567 – Atlanta Georgia

Posted February 1st, 2011 by Staff Writer and filed in Uncategorized

The business needs of security and loss prevention – Atlanta Georgia

Security and loss prevention. Is your business prepared?

Listen, there is a lot to think about when considering a security guard service or a loss prevention department in your stores.

Let me share a horror story about a security guard company that we decided to go with on “the cheap” so to say.

I was overseeing a metro area store with lots of foot traffic customers. Looking for new ways to prevent shoplifting, the company thought of hiring a security company. However, the store didn’t want to pay for a quality security company and decided to go with a sort of “fly by night” guard service. Additionally, they store requested an increase in coverage from the retail loss prevention services provided by the corporate office.

The retail loss prevention agents arrived to the store and worked their schedules and were productive, however, they weren’t available from opening to closing. The store, still in negotiations with the guard service company, needed help. They accepted the absolute cheapest guard service.

The company came in and worked the store. The first guard arrived and worked his shift, the second or relief guard arrived for his shift. The first guard made a comment about the punctuality of the relief guard and the two broke out in an all out fist fight in the store. The retail loss prevention agent on duty and the store manager ended up having to deal with the fight. On top of this, all of the customers standing around witnessed this and called 911. One guard was arrested. Now, the retail loss prevention and manager are witnesses and will be pulled away at a later date for court purposes.

What’s my point? Security and loss prevention are an important aspect of the retail world and to prevent shoplifting. However, trying to do things as inexpensively as possible is not always the solution.

For more information about loss prevention security or security and loss prevention contact us at retail loss prevention or call 1.866.914.2567 – Atlanta Georgia

Posted January 25th, 2011 by Staff Writer and filed in Uncategorized

Retail loss prevention system pays for itself

Checkpoint systems retail loss prevention technology will pay for itself in a few short months…and then it is a huge money maker. 

Let’s take a look at some actual statistics that point out how the Checkpoint systems technology effects the numbers.  Price Waterhouse Coopers conducted a survey recently where they watched 98 sku’s in a supermarket chain, four locations, for fourteen weeks.  There were four weeks pre Checkpoint Systems install and ten weeks post install.

Working with store management, they identified high shrink items and determined pre install shrink levels.  They then performed weekly inventory counts to determine results.

PWC found that these 98 sku’s went from over $1,000 per week in shrink to $306 per week in shrink.  That is a reduction if inventory shrinkage of 69.79%.  They also found that sales increased by 9.2% because more stock was available for sale to paying customers.

If we simply look at the shrink reduction we can make some calculations.  The average retailer with $1mil in annual revenues and a shrink rate of 3% is losing $30,000.  Reducing the shrink by 69% equals $20,700 less shrink.  This $20,700 goes directly to the bottom line profit margin.  Again the average retailer is seeing a net margin of less than but let’s use 3%.  So the net profit goes from $30k to $50.7k which is also a 69% jump in margin.

The average Checkpoint Systems retail loss prevention install for a one door retailer is less than $5k.  You could buy four of these systems in one year with the reduction in loses.  And consider the improvement on the overall numbers of the business…it’s a no brain-er.

For more info visit: retail loss prevention 

 

Posted December 2nd, 2010 by Staff Writer and filed in Uncategorized

Retail Loss Prevention and Check Fraud – Atlanta Georgia

The scope of retail loss prevention can often be far reaching. Not only does it include preventing shoplifting and internal theft but, in an attempt to continually reduce shrink it often includes prevention of several kinds of fraud. One of the most common kinds of fraud out there today is check fraud. Advancements in technology and desktop publishing software have made it possible for would-be criminals to print their own checks or manipulate legitimate checks to their benefit.

There are several different kinds of check fraud. Those of us in retail loss prevention need to be aware of the different kinds so that we know what to look for. The first kind is forgery; this usually happens when a criminal steals a check, signs it, and then presents it for payment at a retail establishment. These individuals will usually use some sort of bogus identification or try to get away without showing any ID at all. The second kind of check fraud is counterfeiting; this is when a criminal uses desktop publishing equipment, scanners, high-speed printers, etc. to fabricate a completely false check.

Alteration is when an individual uses chemicals and solvents to remove or modify information on a legitimate check. This can be done to specific information on a check or to the entire document. The term ‘check kiting’ refers to the practice of opening accounts at two or more institutions and using “the float time” of available funds to create fraudulent balances. This type of fraud has become increasingly popular in recent years. Your retail loss prevention team should make themselves aware of all the types of fraud and stay abreast of new developments in order to properly combat the criminal element.

For more informationabout security and loss prevention or loss prevention security  contact us: retail loss prevention or call 1.866.914.2567 Atlanta Georgia

Posted November 26th, 2010 by Staff Writer and filed in Uncategorized

Tips for Security and Loss Prevention

We all know that shoplifting is a major problem for business owners, retailers, security and loss prevention . The following are just a few useful tips on how to combat shoplifters and therefore reduce shrink within your organization. 1st of all, keep a close eye on what goes on in your restrooms and fitting rooms. These are a shoplifters dream. They know you can’t have cameras in there so they use that knowledge to try to rob you blind. Keep unused checkout aisles closed. Many shoplifters will stalk back and forth repeatedly waiting for an opportunity to make a break for the door.

Security and loss prevention should also post anti-shoplifting signs. Let the crooks know that you’re aware of their presence and are equipped to stop them. Keep small expensive items like electronics or fragrances in locked display cases. Make sure your store associates know what to do in the case that they spot a shoplifter. Security and loss prevention should instruct them on what numbers to call or ways to contact them and what they are and are not permitted to do in order to deter a shoplifter from leaving the premises.

Plain-clothed personnel should be patrolling and watching the store continuously. Turn over all apprehended shoplifters to the police. Trust me, this is every shoplifter’s first time if you listen to them. Word gets around. Have them arrested and cited and future shoplifters will find another, less-serious, retailer to steal from. Uniformed guards stationed at the exits are also a great deterrent to shoplifters. There’s no way to completely prevent external theft but have your security and loss prevention employ these tips and you’ll greatly reduce your shrink.

For more information about retail loss prevention contact us: security and loss prevention or call 1.866.914.2567 – Atlanta Georgia

Posted November 24th, 2010 by Staff Writer and filed in Uncategorized

Proper Utilization of Security and Loss Prevention – Atlanta Georgia

Let’s face it, no matter where you’re at in this great country of ours there are certain places where security and loss prevention are a much higher priority than others. In high risk communities it is extremely important that you utilize both tiers properly in order to keep your shrink to a manageable level. Your standard security, usually a uniformed guard or mobile unit, is primarily a deterrent to theft. Even the most brazen thief will think twice about grabbing a handful of merchandise and making a run for the door if there’s an authority figure present to block his/ her path.

The purpose of loss prevention is to identify and eliminate the more clandestine thieves. These criminals make up the majority of the shoplifting community. Most shoplifters don’t want to be identified. Not because they fear prosecution (though I’m sure that must factor into their thinking at some point) but because being identified greatly reduces the opportunity for them to return and steal from you again. This is why your security and loss prevention must work closely together to identify would-be shoplifters and deter hardened criminals.

Security and loss prevention must also work together to in the same way to deter internal theft. Security bag checks and random searches are a great way to keep your employees on their toes. They know that you, the business owner or manager, are far too busy with other tasks to concentrate on them 24/7, but shrink reduction and theft deterrence is the sole purpose of security and loss prevention. Proper utilization of these 2 forces will go a long way to controlling and improving your bottom line.

For more information about loss prevention security or retail loss prevention contact us: security and loss prevention or call 1.866.914.2567 – Atlanta Georgia

Posted November 22nd, 2010 by Staff Writer and filed in Uncategorized

Managing Your Security and Loss Prevention – Atlanta Georgia

I’ve been in the security and loss prevention field for a long time and still there are things that transpire in the confines of this profession that make me sit back and say “Really?” I was on my way into my local mall the other day, undoubtedly for something I didn’t really need, when I spotted a young man running full speed across the parking lot. Behind him was a member of mall security and loss prevention from one of the mall’s anchor stores. Now, everyone loves a good chase so I stood back and watched.

The young man weaved between a number of parked cars on his way through the parking lot then darted out into traffic, completely oblivious to his own peril. The two pursuers were hot on his heels the entire time. Finally, the store loss prevention officer tackled the assailant to the ground and the mall security officer pounced on him and put him in handcuffs. They yanked him to his feet and began walking him back towards the mall. On the way I observed as the loss prevention officer reached into the young man’s sweater and pulled out 2 music CD’s. My only thought at that point was “Really? All that for $30 bucks?”

A retailer can be held responsible for the actions of his employees, even his security and loss prevention staff. At any point during the above mentioned chase the assailant could have injured himself in any number of ways and, as unfair as it is, the retailer could have been held responsible for those injuries since at the time the assailant was being chased by one of the store’s agents. It is critical to send a message to shoplifters that crime will not be tolerated, however was the loss of that $30 worth the possible tens of thousands in lawsuits that they opened themselves up to in that situation? It is important to be aware of the law and possible liability that you as a company face in apprehending and detaining shoplifters. There are a number of rules, many of which vary from state to state, that your security and loss prevention staff need to be aware of.

For more information about loss prevention security or retail loss prevention contact us: security and loss prevention or call 1.866.914.2567 – Atlanta Georgia

Posted November 19th, 2010 by Staff Writer and filed in Uncategorized

Profiling and Retail Loss Prevention – Atlanta Georgia

One of the most useful and frequently used tools in the world of retail loss prevention is profiling. Yeah, I said it, but before you start writing letters let me explain. These days we tend to associate the word “profiling” with negative discriminatory acts or stereotyping. However, the actual definition of profiling is: “Recording a person’s behavior and analyzing psychological characteristics in order to predict or assess their ability in a certain sphere or to identify a particular group of people”. In retail loss prevention the group of people we are trying to identify are shoplifters.

 If it’s 80 degrees outside yet an individual has just walked into your store wearing a long overcoat aren’t you going to watch him/ her? Guess what, you just profiled them. An individual carrying a large, nearly empty purse or backpack is often worth watching for no other reason. It’s not just physical characteristics either; a person’s attitude or behavior can also be profiled. If someone is nervous or fidgety and avoids contact with associates and other customers they are someone you should pay attention to. After all, it’s a department store. How nerve racking can picking out a pair of socks actually be?

Profiling is a great tool in retail loss prevention . However, you must be mindful that the temptation may exist to take it too far. At no time should it ever be acceptable to profile someone on the basis of their race, sex, age, creed or religion. Not only are these practices morally reprehensible, but they will open up your company to a number of lawsuits and probably lost revenue. When used properly profiling can be a great asset in your retail loss prevention efforts.

For more information about loss prevention security or security and loss prevention contact us: retail loss prevention or call 1.866.914.2567 – Atlanta Georgia

Posted November 15th, 2010 by Staff Writer and filed in Uncategorized

Loss Prevention Security and Your Business – Atlanta Georgia

Loss prevention security should be a priority to any business owner operating in today’s marketplace. Let’s face it: it ain’t all good. From 1948 until 2010 the United States unemployment rate averaged around 5.7%. That rate was last reported at 9.6% for the month of September. As it has always been, an increase in unemployment leads to an increase in overall crime and sooner or later that crime is going to come knocking at your door. What are you going to do about it?

My suggestion would be to develop a comprehensive loss prevention security plan and stick to it. No matter how big or small your business is you need some sort of a strategy for keeping your merchandise safe and out of the hands of shoplifters and not-so-honest associates. Whether you require a full blown DVR system and a 6-man loss prevention security staff or a simple static camera over the cash register, you need to be accurate in your risk assessment and employ the proper amount of security for your individual business needs.

Confused? Not sure exactly which is the best route for you and your company? The good news is that there is a plethora of information available to you if you’re willing to do the due diligence and research your options. On the other hand, my dad always said “Boy, if you don’t know, just ask somebody!” and there are a number of companies in business that are staffed with Loss Prevention professionals who can outfit your company with the proper equipment and knowledge to fit your needs… just ask. Loss prevention security a vital and necessary part of doing business today. Don’t wait until it’s too late.

For more information about retail loss prevention or security and loss prevention contact us: loss prevention security or call 1.866.914.2567

Posted November 11th, 2010 by Staff Writer and filed in Uncategorized

Retail Loss Prevention and EAS

There are many sounds that bring a smile to my face, but in the retail loss prevention world none is quite as sweet as the incessant chirp of an EAS sensor as it passes by a security tower. That high-pitched tone means that money, which would have otherwise been lost, will now remain within the store. What exactly is EAS, you may be asking? The acronym stands for Electronic Article Surveillance, and EAS is an important part of retail loss prevention .

EAS includes hard tags or stickers which are placed on different pieces of merchandise either manually once it gets to your store, or during the packaging stage by the manufacturer. These tags need to be removed or deactivated at the point of sale by your cashiers. If they have not been deactivated they will be picked up by the security tower and an alarm will begin to sound.

This obviously makes them a problem for most shoplifters… exactly what you want. Keep in mind that professional, and more experienced shoplifters, are aware of these devices and will go to great lengths to remove them. Many of them will carry small cutting tools just for this reason. I once watched a shoplifter open and remove the stickers from 40 DVD’s and videogames (a process which took over an hour) before walking out of the door with the unpaid merchandise.

You also have to consider your more brazen crooks; the ‘grab and run’ criminals who don’t care whether they set the alarms off or not. For this reason EAS is obviously not a cure-all. However, most shoplifters don’t want to be detected. Why? Well, because they want to be able to come back and steal from you again. EAS can be a very valuable tool in protecting your merchandise from these types of criminals and should be seriously considered when developing your retail loss prevention plan.

For more information contact us: retail loss prevention or call 1.866.914.2567

Posted November 4th, 2010 by Staff Writer and filed in Uncategorized