Articles tagged #ROI
Articles tagged
#ROI
Retail Security for Small Businesses: Affordable Solutions That Scale
What makes retail security different and tougher for small businesses? You’re fighting chain-level theft with a smaller team and a tighter budget. That means your plan has to be simple and surgical: a visible EAS entrance system, protection on the few SKUs that walk most, and just enough video to validate incidents and coach staff.
The Cost-Benefit Analysis of Implementing Security Tags in Retail
In the retail industry, security tags have become a common sight, attached to items ranging from clothing to electronics. Research shows that the retail security tags market in North America is projected to grow to US $344.97 million by 2030. They serve as a deterrent to shoplifting, which is a significant issue for retailers worldwide.
Types of Security and Anti-Theft Tags | Global Security Solutions
There are numerous types of security tags with a variety of different applications. To ensure anti-theft and keep retail stores safe, selecting the right system and tag is of the utmost importance. Implementing retail security tags can dramatically reduce theft while also helping with profitability.
Electronic Article Surveillance (EAS): What It Is and How It Works
Electronic article surveillance (EAS) is a type of system used to prevent shoplifting. If you've ever been to a store and heard an alarm when somebody was exiting you've seen the EAS system in action. The system is designed to detect unpaid items in people's pockets or bags as they are leaving the store. It typically consists of two components: the EAS antennas and EAS tags or labels.
RFID in Retail: What It is and How It is Used
The acronym RFID stands for Radio Frequency Identification. It’s a type of technology that has a similar function as a barcode: it is used to identify objects (or animals, or people). Whereas a barcode is printed on a sticker or product packaging that can be scanned using an optical scanner, RFID uses what’s called an inlay inside a label or plastic tag, and is “scanned” (actually read) by a reader that uses radio waves. RFID labels may look exactly like barcode labels or price stickers.
How Shoplifting Works and How to Prevent It
Retail loss (called shrink or shrinkage by the industry) is usually associated with shoplifting. True, shoplifting is a major contributing factor: A 2018 study by the National Retail Federation (NRF) found that it is responsible for 36.5% of the total loss. The remaining 63.5% come from other sources, like employee theft, administrative errors and vendor fraud.
How Employee Theft Works and How to Prevent It
While external theft like shoplifting is often the focus of theft prevention, it’s not the only source of retail theft. A shoplifter can only work while the store is open, but an employee can steal before the store opens and after it closes.
How to Upgrade Your Security Without Spending a Fortune
Keeping costs down is a major concern for every security team. Luckily, with recent technology developments, you don’t need to replace your entire security system to improve it. In fact, integrating smaller technology add-ons is a more effective way to boost your security, while controlling the costs.