Financial Security For Your Retail Business Can Be Secured With Retail Anti-Theft Devices

Retail Anti-Theft Devices – 4                                                                                          WC Blog 405
Alpha Security – 3
Prevent Shoplifting – 3
Financial Security For Your Retail Business Can Be Secured With Retail Anti-Theft Devices
     I’ve recently been toying with the idea of getting a 401k account with my primary employer. I already am participating in the pension plan fund but I don’t know that I have full confidence that will be enough security for me when I am ready to retire…LOTS of years down the road, no matter what my wife or friends may say to the contrary. I also have a small pension I earned while working for a retailer as a Loss Prevention Manager but I will not be collecting that money for a LOT of years (I’m just emphasizing this in case anyone who knows me may be reading this and cracking age jokes at my expense). While I am hopeful that social security will be around then I don’t want to put all my eggs in that basket either. The point I am making is this, my financial security is a priority and I have goals I have set, a family to take care of and bills that must be paid. It is therefore MY responsibility to do all that I can to look out for the security of my wife and our future. Small retail business owners have to be concerned with financial security too. Their financial security is more complex than mine. Not only is cash flow a consideration but so are factors that directly impact profits and therefore financial security. For example using retail anti-theft devices impacts the financial security of a retailer.
     It would make sense at this point to clarify what I mean by anti-theft devices. Retail anti-theft devices from Checkpoint’s Alpha security line of products are applied to merchandise such as clothing or if a wrap or cable is used it is wrapped around a product. In either case the devices are meant to deter and prevent shoplifting. These protective tools are built with a radio frequency coil inside of them that will cause an electronic article surveillance pedestal to alarm when tagged items are carried too close. Most of us have heard pedestals of one type or another get set off at exit doors. That annoying beeping sound and those flashing lights that draws EVERYONE’s attention elicits a response from trained store employees. Those employees combine tact and service with receipt checks to retrieve merchandise a criminal was going to steal. 
      Consider the impact of empty shelves or clothing racks on the financial security of the business. Are you selling goods and not getting freight back on the floor? Poor logistics can cripple a store. Customers can’t buy what isn’t there. Determining the causes for lack of product is also important for financial security. If freight isn’t being shipped to the store is there an issue with the purchasing process? If freight is at the store but not getting on to the floor there could be a breakdown in the push process. If product is getting to the floor and it is being sold great, then go back to step one and evaluate replenishment again. If it is being stolen the negative financial impact is tripled, stolen merchandise is lost profit, no merchandise translates to lost sales and third more merchandise has to be bought to replace what was taken. Financial losses due to theft can be avoided by placing Checkpoint’s Alpha security retail anti-theft devices on all merchandise.
     What else impacts the financial security of a business? Consider safety issues and concerns as potential drains on a business. Is your parking lot lighting adequate? Poor parking lot lighting can lead to an increase in crime and that can reduce the customer traffic visiting your store resulting in decreased sales. As the criminal activity outside the store increases so does the criminal activity inside the store. It is more difficult to prevent shoplifting when the perception is criminals are being invited to the store. Are panhandlers permitted to loiter on your property or approach customers as they walk through the parking lot? I have had to chase off panhandlers who were intimidating customers. I have seen customers afraid to leave the safety of their vehicles because a panhandler was standing at their door as soon as the vehicle was placed in park. In a sense you could say financial security starts when the customer drives into your parking lot.
     The financial security of a small business depends on a lot of factors. Prevent shoplifting by using Alpha security retail anti-theft devices and you can make a significant impact on profits through improved in-stocks and in turn, increased sales.
Get more information on retail anti-theft devices, contact us or call 1.770.426.0547 today.
     

I’ve recently been toying with the idea of getting a 401k account with my primary employer. I already am participating in the pension plan fund but I don’t know that I have full confidence that will be enough security for me when I am ready to retire…LOTS of years down the road, no matter what my wife or friends may say to the contrary. I also have a small pension I earned while working for a retailer as a Loss Prevention Manager but I will not be collecting that money for a LOT of years (I’m just emphasizing this in case anyone who knows me may be reading this and cracking age jokes at my expense). While I am hopeful that social security will be around then I don’t want to put all my eggs in that basket either. The point I am making is this, my financial security is a priority and I have goals I have set, a family to take care of and bills that must be paid. It is therefore MY responsibility to do all that I can to look out for the security of my wife and our future. Small retail business owners have to be concerned with financial security too. Their financial security is more complex than mine. Not only is cash flow a consideration but so are factors that directly impact profits and therefore financial security. For example using retail anti-theft devices impacts the financial security of a retailer.
     

It would make sense at this point to clarify what I mean by anti-theft devices. Retail anti-theft devices from Checkpoint’s Alpha security line of products are applied to merchandise such as clothing or if a wrap or cable is used it is wrapped around a product. In either case the devices are meant to deter and prevent shoplifting. These protective tools are built with a radio frequency coil inside of them that will cause an electronic article surveillance pedestal to alarm when tagged items are carried too close. Most of us have heard pedestals of one type or another get set off at exit doors. That annoying beeping sound and those flashing lights that draws EVERYONE’s attention elicits a response from trained store employees. Those employees combine tact and service with receipt checks to retrieve merchandise a criminal was going to steal. 
     

Consider the impact of empty shelves or clothing racks on the financial security of the business. Are you selling goods and not getting freight back on the floor? Poor logistics can cripple a store. Customers can’t buy what isn’t there. Determining the causes for lack of product is also important for financial security. If freight isn’t being shipped to the store is there an issue with the purchasing process? If freight is at the store but not getting on to the floor there could be a breakdown in the push process. If product is getting to the floor and it is being sold great, then go back to step one and evaluate replenishment again. If it is being stolen the negative financial impact is tripled, stolen merchandise is lost profit, no merchandise translates to lost sales and third more merchandise has to be bought to replace what was taken. Financial losses due to theft can be avoided by placing Checkpoint’s Alpha security retail anti-theft devices on all merchandise.
     

What else impacts the financial security of a business? Consider safety issues and concerns as potential drains on a business. Is your parking lot lighting adequate? Poor parking lot lighting can lead to an increase in crime and that can reduce the customer traffic visiting your store resulting in decreased sales. As the criminal activity outside the store increases so does the criminal activity inside the store. It is more difficult to prevent shoplifting when the perception is criminals are being invited to the store. Are panhandlers permitted to loiter on your property or approach customers as they walk through the parking lot? I have had to chase off panhandlers who were intimidating customers. I have seen customers afraid to leave the safety of their vehicles because a panhandler was standing at their door as soon as the vehicle was placed in park. In a sense you could say financial security starts when the customer drives into your parking lot.
     

The financial security of a small business depends on a lot of factors. Prevent shoplifting by using Alpha security retail anti-theft devices and you can make a significant impact on profits through improved in-stocks and in turn, increased sales.

 

Get more information on retail anti-theft devices, contact us or call 1.770.426.0547 today.