If you’re going into business and you’re carrying retail products, have you given any thought to loss prevention? You should, and this article will cover why.
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Retail Storage Cabinets: Help Stop Shoplifting
Shoplifting is a big problem in the retail industry. People often equate shoplifting with poorer areas of the Valley, or low-end stores and shopping plazas. This is far from the truth, as even places as upscale as Scottsdale Fashion Square and the Biltmore Fashion Park have filed police reports regarding shoplifting. One of the worst offenders for shoplifting? Customers that actually buy something at the same store. Yes, you read that correctly. Some shoplifters feel that because they spent some money at the store in question that it allows them to get a little extra too. Loss prevention is critical for any business, but particularly a retail establishment.
According to the National Association of Shoplifting Prevention: ”
Many shoplifters buy and steal merchandise in the same visit. Shoplifters commonly steal from $2 to $200 per incident depending upon the type of store and item(s) chosen.
Shoplifting is often not a premeditated crime. 73 percent of adult and 72 percent of juvenile shoplifters don’t plan to steal in advance.
89 percent of kids say they know other kids who shoplift. 66 percent say they hang out with those kids.
Shoplifters say they are caught an average of only once in every 48 times they steal. They are turned over to the police 50 percent of the time.
Approximately 3 percent of shoplifters are “professionals” who steal solely for resale or profit as a business. These include drug addicts who steal to feed their habit, hardened professionals who steal as a life-style and international shoplifting gangs who steal for profit as a business. “Professional” shoplifters are responsible for 10 percent of the total dollar losses.
The vast majority of shoplifters are “non-professionals” who steal, not out of criminal intent, financial need or greed but as a response to social and personal pressures in their life.
The excitement generated from “getting away with it” produces a chemical reaction resulting in what shoplifters describe as an incredible “rush” or “high” feeling. Many shoplifters will tell you that this high is their “true reward,” rather than the merchandise itself.
Install Retail Storage Cabinets for Loss Prevention
There is no such thing as being totally theft-proof, nor is there such a thing as a foolproof security system. However, the harder you make it on a shoplifter or a thief, the more likely they are to try their luck somewhere else. That’s where a retail storage cabinet with a lock comes in.
So remember, you want to improve your bottom line. You want any shoplifting losses to be minimal. One way to do that? Install retail storage cabinets today.
For more information on retail storage cabinets, click here.