Theft by shoplifters and employees has been on the rise for the past four years, according to the 27th Annual Retail Theft Survey from Jack L. Hayes International.
Last year, more than 1.2 million individuals were nabbed for theft by the 25 retailers participating in the survey, helping stores to recover over $225 million in stolen assets.
Overall, one in every 38 employees were detained for stealing. This is a 7.1 percent increase from the number of employees apprehended by retailers in 2013. Shoplifter apprehensions increased by 7.4% over the prior year, according to the survey.
As the survey shows, theft is a very real threat that today’s retailers must deal with. Thankfully, there are solutions available to help deter thieves and prevent merchandise from walking out the door.
Review the top three security solutions retailers can implement within their stores quickly to help stop shoplifting:
EAS Tags Reinvented
EAS tags have become a favorite security solution for the retail industry, and it’s easy to see why. These intelligent systems ensure that all items are monitored and that shoplifters cannot simply walk out the door with stolen products.
Today’s EAS tags are even more advanced, and can help make sure that shoplifting doesn’t go unnoticed, no matter the circumstances. CONTROLTEK’s new Ink Tags are a unique way to prevent theft. These tags house small ink capsules that break if an attempt is made to remove them. When tampered with, the ink will permanently stain the item and render it useless to the shoplifter.
Affordable RFID Readers
On occasion, thieves will rearrange merchandise to make it easier to steal. This could involve taking a high-price item from a display and camouflaging it with other, lower-cost products. However, with affordable technology like RFID readers on the retailer’s side, the store can always keep track of their merchandise. CONTROLTEK offers state-of-the-art handheld readers, including the which can easily be connected to Bluetooth-enabled mobile devices.
Intelligent Security Packaging
Merchandise isn’t the only retail asset that needs protecting. The store’s daily revenue should also be put under lock and key – not only while at the store, but during transport to the store’s financial institution.
There are more than a few options for retailers when it comes to Intelligent Security Packaging, enabling them to select a combination of solutions that will best suit their needs. These include deposit bags, coin bags, security seals, and cash vault shipping bags. Best of all, CONTROLTEK also offers top-notch consulting services to help store owners identify their unique requirements and find the ISP solution that will provide the highest level of protection.
To find out more, contact CONTROLTEK today.
Since 1976, we have been delivering unique products and solutions to the cash-transfer and asset protection industries to address specific business challenges. Our company has grown steadily based on the quality of our products and the quality of our service. Our commitment to research and development is combined with a willingness to listen to the people who everyday depend on our products. By relentlessly researching and introducing new materials and new features, we are proud to say we have impacted the way assets are secured globally.
With experience gained through research and collaboration within the financial and retail sectors, we actively charted a course over the past several years to bring added value, new thinking and viable approaches, addressing the dilemmas and challenges that frustrate business professionals today.
During this process, we realigned our resources within CONTROLTEK, creating three silos (ISS, ISP and IVS). This enables us to focus more specifically on the needs of our Clients and their specific challenges they face on a daily basis. Additionally, CONTROLTEK has aligned itself with Global partners to provide holistic solutions that solve today’s challenges. Whatever the application, CONTROLTEK resources stand by ready to deliver results that enable commerce and effectively secure assets at financial institutions and leading retailers across the globe.