I was recently asked to do a consultation with one of the national clothing chain’s Organized Retail Theft Departments. They wanted a fresh set of eyes on how they could increase clothing security and decrease their inventory losses.
Since their inventory relied heavily on special buys doing daily counts on their clothing was impractical. They never received enough of a single item to be able to effectively track it though a single sku for accuracy. These were big purchases of designer clothing that were either a second run or otherwise greatly reduced item.
Once these items sold out, there was no rebuy of the merchandise. Inventory was taken once a year so it was potentially twelve months before a loss was identified. Needless to say tracking their losses was a difficult task.
I suggested that they start by drilling down the sales reports. It is there that they would be able to see what was there but also what was not. If they were not selling in a particular area they might be experiencing theft issues. If you don’t have the product to sell, your sales suffer.
Next is to evaluate the clothing security tags on those items and increase their usage accordingly. Since the company already utilizes Checkpoint tags for their clothing alarms, it is easy to increase security tags on clothes in a specific department that is down in sales. If the sales start to stabilize, the shrink problems should be going away leaving the merchandise to be sold instead of stolen.
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