Loss Prevention is Serious Business

The Retail Industry faces a staggering loss of $13 billion in thefts every year - that is a loss of $35 million in stolen goods each and every day! Although it would seem apparent that these are primarily the result of shoplifting, 44.3% of this shrinkage is due to employee theft, versus 35.7% from shoplifting. The remainder of loss came from internal errors and administrative failure (such as pricing or accounting mistakes) and supplier or vendor theft.

Here are some key statistics:

• There are approximately 27 million shoplifters (or 1 in 11 people) in our nation today. More than 10 million people have been caught shoplifting in the last five years.
• Shoplifters say they are caught on an average of only once in every 48 times they steal and are turned over to the police only 50% of the time.
• Shoplifters steal from all types of stores including department stores, specialty shops, supermarkets, drug stores, discounters, music stores, convenience stores and thrift shops.
• There is no profile of a typical shoplifter. Men and women shoplift about equally as often.
• Approximately 25% of shoplifters are kids, 75% are adults.
• Many shoplifters buy and steal merchandise in the same visit. Shoplifters commonly steal from $2 to $200 per incident depending on the type of store.
• Habitual shoplifters steal an average of 1.6 times per week.

Combine this shrinkage issue with the need to control facility access; monitor crowds for suspicious behavior or loitering; provide for slip and fall detection to prevent fraudulent liability claims; and monitor the illegal dumping of rubbish in lift wells or dumpsters and a retail store owner has an immense amount of pressure to seek a knowledgeable and experienced business security company.

Business security camera systems can not only combat illegal or suspicious activity, but can also provide valuable marketing and customer service information.

• Consider the ability to monitor traffic flows around a new display or end-cap to determine consumer interest.
• Have a clearer understanding of proper staffing at check-out positions
• Verify item sales against Point-of-Sale terminal reports
• Know whether parking facilities are adequate
• Be able to monitor store openings and closing times, even from a remote location.

As your security partner, Midwest Digital Systems will evaluate your current environment, create a cost effective design tailored specifically for you, and provide a quality installation of your integrated security solution. We offer a range of products and equipment from quality manufacturers such as Electronic Article Surveillance Systems (EAS), CCTV/IP digital video cameras, Network video recorders, Key card access systems, Door intercom video, and Network digital video recorders.

Take advantage of this experience with no obligation, by calling us or completing the Contact form. You’ll see why our customers love working with Midwest Digital Systems.