When we think of loss prevention or retail security, we typically think that we have a need for security tags on clothes to protect our inventory and merchandise from shoplifting. However, most retail statistics account for about forty percent of their inventory losses due to employee theft. The sad reality is that a single dishonest employee can do more damage in a short period of time than some gangs of shoplifters can incur over an entire year.
That leaves sixty percent of your inventory losses coming from other sources. Don’t be so quick to think that the rest is from shoplifting either.
It is more realistic to think that only twenty percent of your shrink comes from shoplifting – maybe thirty, depending on your location and demographic. That means the other thirty to forty percent is unaccounted for.
This last category of losses would come from operational errors. That means your inventory losses are from things like incorrect shipments, damages, or incorrect sales or return information.
Any way you look at it, the majority of losses can potentially be avoided by adding clothing security tags. Checkpoint tags, being one of the most reliable forms of clothing security, are a worthwhile investment to help reduce your inventory losses due to theft.
Visit the Loss Prevention Store to purchase Checkpoint Tags, a Clothing Alarm, Clothing Security or Clothing Security Tags to put Security Tags on Clothes and an Electronic Article Surveillance or EAS system.
For more information on Checkpoint tags, clothing security, clothing alarm, or clothing security tags how they can work with your Electronic Article Surveillance or EAS system contact us at security tags on clothes or call 1.866.914.2567