The calendar turned over into 2013 and many of us usually make New Year’s Resolutions. One of the most used New Year’s Resolutions includes Shrink. This usually refers to shrinking our personal waist lines. However, when we talk about business shrink we usually refer to Retail Shrinkage. What is your New Year’s Resolution for addressing shrink in your store?
In 2001 shrink amounted to more than $31 billion and now hovers around $35 billion according to some recent studies. Shrink usually refers to loss by employee theft, shop-lifting, administrative errors and vendor fraud.
What are you planning on doing in 2013 to reduce your shrink numbers and improve your bottom line? Although the purchase of anti-shoplifting devices may seem expensive, a business owner can usually recover the initial expense of purchasing a Checkpoint security system and Checkpoint security tags or Checkpoint Security Labels, in a relatively short period of time.
You may think that you don’t need to deploy any anti-shoplifting devices in addition to the great customer services that your associates are providing. After your inventory count and looking at your financial statements for 2012, you may find that you are losing too much of your hard earned money by not deploying the technology offered by Checkpoint security systems and beefing up your retail theft prevention strategies.
A New Year’s resolution usually “wears” off shortly into the New Year. Don’t fall into the same trap when it comes to making changes to your bottom line. We don’t want it shrinking but increasing. And what better way to do that than by installing a Checkpoint Security System and changes to your retail theft prevention procedures.
Visit the Retail Loss Prevention Store today to learn more about anti-shoplifting tools from Checkpoint security systems or visit us at www.losspreventionsystems.com.
For more information on retail theft prevention, Checkpoint Security Systems or Checkpoint Security Tags, call us at 1.770.426.2597.