Electronic Article Surveillance – 4 WC Blog 707
Sensormatic Labels – 3
Be A Good Sport Find Out How Electronic Article Surveillance Can Protect Your Store
I would not normally relate a football game to electronic article surveillance but I saw something at a game that got me thinking about just this topic. When I get the opportunity, I enjoy attending football, baseball and occasionally a basketball game at my Alma Mater. In the last two years, our school has transitioned to FBS level football and they have begun requiring attendees to carry clear totes or purses. Absolutely no backpacks or standard totes or purses are allowed. All of this is for security purposes and while my wife is no fan of this she has grudgingly followed this policy in order to get into the venues. I personally think the policy is more to do with keeping illicit candy, food and drinks from getting into the stadium rather than security but that is a matter of opinion (who wants to pay $8 for a lemonade and pack of M&M’s?). That aside, giving the benefit of the doubt I will allow that the rules are intended to make the building/stadium safer for fans. So you can imagine my anger when I saw a couple of men arrive in the 3rd quarter of the game and one of them had a backpack on! It made me wonder where the lapse in security for the stadium took place. Did security officials at the gates stop checking for bags after the initial rush of fans? I can only wonder. It was this that caused me to think about retail security and Sensormatic labels. What steps do you and your managers take to protect your business from theft, fraud and criminal activity and do you let your guard down during operating hours?
On the surface it might seem like protecting a football stadium and fans would be different than protecting a store but in reality there are a number of similarities. When entering the football stadium the security guards and police are preventing “contraband” from getting into the facility. In a retail store you want to keep unpaid merchandise from getting out of the building. In the football stadium officials want to keep bad guys and criminals out and the same should be true for retail store owners. In a sports venue it may be a security team monitoring the gates and entrances. In a retail store it may be Loss Prevention or managers monitoring the doors and sales floor. In the stadium, staff scan tickets to let people in. In the retail store an electronic article surveillance tower is scanning for active Sensormatic labels or security tags. It isn’t a perfect analogy but I think you get the picture.
What took place that the guys with the backpack somehow made it into the stadium? Did security become tired or careless? Did they decide after a certain time that checking fans was less important than it was when the gates opened? Now let me ask you this; do your employees get lax about responding to electronic article surveillance alarms during the shift? Do cashiers get in a hurry to finish a shift and take short cuts while scanning merchandise that can lead to failing to deactivate Sensormatic labels? Lapses in these areas for a store are not much different than a lapse in the procedures at a sporting event.
We can also look at safety issues surrounding a store when people stop paying attention. If no one is watching and greeting customers as they come through the doors a certain amount of deterrence is lost. Criminals seek out stores where they can enter unnoticed and this isn’t restricted to shoplifters. We are talking about purse snatchers, robbers, sexual predators, etc. all persons you don’t want in your building. Lest you think I’m over-blowing this I worked as a Loss Prevention Manager for thirteen years and I dealt with ALL of these criminal types. I learned that recognition is something they will all avoid and if your employees are not saying hello as customers enter the wrong element will start to frequent your store. No, you can’t require everyone to carry a clear purse or bag to enter your store but you can have other controls in place. Those controls should include people who greet each customer (regardless of what time of the day it is) and an electronic article surveillance system that will sound the alarm when merchandise such as clothing is protected with Sensormatic tags and labels.
Don’t let down your guard. Protect your store and merchandise at all times. If you need more information on how to do it Loss Prevention Systems, Inc. has the answers. Don’t fumble this play, call them today.
Sensormatic labels are important and we can help you with it. Call 1.770.426.0547 and let’s talk.
I would not normally relate a football game to electronic article surveillance but I saw something at a game that got me thinking about just this topic. When I get the opportunity, I enjoy attending football, baseball and occasionally a basketball game at my Alma Mater. In the last two years, our school has transitioned to FBS level football and they have begun requiring attendees to carry clear totes or purses. Absolutely no backpacks or standard totes or purses are allowed. All of this is for security purposes and while my wife is no fan of this she has grudgingly followed this policy in order to get into the venues. I personally think the policy is more to do with keeping illicit candy, food and drinks from getting into the stadium rather than security but that is a matter of opinion (who wants to pay $8 for a lemonade and pack of M&M’s?). That aside, giving the benefit of the doubt I will allow that the rules are intended to make the building/stadium safer for fans. So you can imagine my anger when I saw a couple of men arrive in the 3rd quarter of the game and one of them had a backpack on! It made me wonder where the lapse in security for the stadium took place. Did security officials at the gates stop checking for bags after the initial rush of fans? I can only wonder. It was this that caused me to think about retail security and Sensormatic labels. What steps do you and your managers take to protect your business from theft, fraud and criminal activity and do you let your guard down during operating hours?
On the surface it might seem like protecting a football stadium and fans would be different than protecting a store but in reality there are a number of similarities. When entering the football stadium the security guards and police are preventing “contraband” from getting into the facility. In a retail store you want to keep unpaid merchandise from getting out of the building. In the football stadium officials want to keep bad guys and criminals out and the same should be true for retail store owners. In a sports venue it may be a security team monitoring the gates and entrances. In a retail store it may be Loss Prevention or managers monitoring the doors and sales floor. In the stadium, staff scan tickets to let people in. In the retail store an electronic article surveillance tower is scanning for active Sensormatic labels or security tags. It isn’t a perfect analogy but I think you get the picture.
What took place that the guys with the backpack somehow made it into the stadium? Did security become tired or careless? Did they decide after a certain time that checking fans was less important than it was when the gates opened? Now let me ask you this; do your employees get lax about responding to electronic article surveillance alarms during the shift? Do cashiers get in a hurry to finish a shift and take short cuts while scanning merchandise that can lead to failing to deactivate Sensormatic labels? Lapses in these areas for a store are not much different than a lapse in the procedures at a sporting event.
We can also look at safety issues surrounding a store when people stop paying attention. If no one is watching and greeting customers as they come through the doors a certain amount of deterrence is lost. Criminals seek out stores where they can enter unnoticed and this isn’t restricted to shoplifters. We are talking about purse snatchers, robbers, sexual predators, etc. all persons you don’t want in your building. Lest you think I’m over-blowing this I worked as a Loss Prevention Manager for thirteen years and I dealt with ALL of these criminal types. I learned that recognition is something they will all avoid and if your employees are not saying hello as customers enter the wrong element will start to frequent your store. No, you can’t require everyone to carry a clear purse or bag to enter your store but you can have other controls in place. Those controls should include people who greet each customer (regardless of what time of the day it is) and an electronic article surveillance system that will sound the alarm when merchandise such as clothing is protected with Sensormatic tags and labels.
Don’t let down your guard. Protect your store and merchandise at all times. If you need more information on how to do it Loss Prevention Systems, Inc. has the answers. Don’t fumble this play, call them today.
Sensormatic labels are important and we can help you with it. Call 1.770.426.0547 and let’s talk.
Stop Shoplifting – 3 WC Blog 720
Sensormatic tags – 4
Lend Me Your Ear I Have Something To Say About Sensormatic Tags
When you stop shoplifting you are taking a bite out of crime to steal a phrase from McGruff. Unfortunately it seems things were the other way around when a shoplifter took a bite of a Loss Prevention Associate’s ear not too long ago. The story was an article in LPM Insider magazine, on October 31, 2018, titled “Accused Shoplifter Bites Off LP Associates Ear”, citing their source as The News Tribune. The story reports that a shoplifting suspect and two friends were being watched by the Associate. The suspect is reported to have taken two polo shirts and entered a fitting room. He was alleged to have folded them up and hidden them under his jacket. The article reports that the Associate stopped the suspect who was accompanied by his friends as they left the store. Apparently the situation became physical and the Associate got the suspect to the ground when the two friends started hitting the Associate. During the altercation the suspect bit the Loss Prevention Associate’s ear lobe taking off a piece in the process. The Associate was able to have the piece of ear stitched back on and the suspect was arrested and put in jail. The story reported that no information was given about the retail store itself or the names of any of the persons involved in the incident. Having been involved in my own fair share of scuffles and being bitten myself (as was one of my own Associates during an apprehension he initiated) I know how quickly a shoplifting incident can escalate. This is why it is so important to use Sensormatic tags on clothing and other merchandise to stop shoplifting from happening in the first place.
While the article does not state it I am going to assume that the retail store where this theft took place was not using anti-theft devices on the merchandise or at least not on all of their merchandise. If this is true then they are way behind the curve. The use of Sensormatic tags and other anti-theft devices is proven to be effective at reducing theft. If you take a look at the 2015 Global Retail Theft Barometer for North American retailers, apparel specialty stores saw an increase in retail shortage from .60% in 2013-14 to 2.28% in 2014-2015 (pg. 52). During this period the spending on Loss Prevention as a percent of total sales decreased from .39% to .24% (pg. 57). This information includes all Loss Prevention spending but I do believe it is safe to say that electronic article surveillance is a big part of this. I also found an interesting statistic on the pricegun.com website from an infographic chart, “Shoplifting is America’s #1 Property Crime”. The chart shows that stores that use visible cameras were shoplifted at 70% of the time while stores that use ink tags drop down to 27% and radio frequency tags are even less at 20%. I urge all retailers not just clothing store owners to look at Sensormatic tags and systems as an investment in reducing losses and saving money rather than an expense center that costs the store money.
Would the use of electronic article surveillance tags prevented the Loss Prevention Associate from being bitten? It is quite possible they would have stopped the incident before it took place (assuming they were not in use at this location). I have found that in many cases a shoplifter steals because they believe the opportunity presents itself and if no security tags are on an item there is no immediate deterrent at work. There is a slight chance that the merchandise had tags and the thief was committed to stealing the items anyways because he had his buddies with him but it is an unlikely scenario. Most crooks, especially opportunists don’t want to chance being caught and they know the tags will cause an alarm system to activate.
Altercations with shoplifters can be dangerous as evidenced in the story about the Associate and his confrontation. Proper training on how to stop shoplifting provided by Loss Prevention Systems, Inc. (LPSI) and the use of Sensormatic tags and pedestals can help to minimize unnecessary risks to store employees. Contact LPSI to learn more about how you can keep your workers safe and take a bite out of crime at the same time.
Get more information on Sensormatic tags, contact us or call 1.770.426.0547 today.
When you stop shoplifting you are taking a bite out of crime to steal a phrase from McGruff. Unfortunately it seems things were the other way around when a shoplifter took a bite of a Loss Prevention Associate’s ear not too long ago. The story was an article in LPM Insider magazine, on October 31, 2018, titled “Accused Shoplifter Bites Off LP Associates Ear”, citing their source as The News Tribune. The story reports that a shoplifting suspect and two friends were being watched by the Associate. The suspect is reported to have taken two polo shirts and entered a fitting room. He was alleged to have folded them up and hidden them under his jacket. The article reports that the Associate stopped the suspect who was accompanied by his friends as they left the store. Apparently the situation became physical and the Associate got the suspect to the ground when the two friends started hitting the Associate. During the altercation the suspect bit the Loss Prevention Associate’s ear lobe taking off a piece in the process. The Associate was able to have the piece of ear stitched back on and the suspect was arrested and put in jail. The story reported that no information was given about the retail store itself or the names of any of the persons involved in the incident. Having been involved in my own fair share of scuffles and being bitten myself (as was one of my own Associates during an apprehension he initiated) I know how quickly a shoplifting incident can escalate. This is why it is so important to use Sensormatic tags on clothing and other merchandise to stop shoplifting from happening in the first place.
While the article does not state it I am going to assume that the retail store where this theft took place was not using anti-theft devices on the merchandise or at least not on all of their merchandise. If this is true then they are way behind the curve. The use of Sensormatic tags and other anti-theft devices is proven to be effective at reducing theft. If you take a look at the 2015 Global Retail Theft Barometer for North American retailers, apparel specialty stores saw an increase in retail shortage from .60% in 2013-14 to 2.28% in 2014-2015 (pg. 52). During this period the spending on Loss Prevention as a percent of total sales decreased from .39% to .24% (pg. 57). This information includes all Loss Prevention spending but I do believe it is safe to say that electronic article surveillance is a big part of this. I also found an interesting statistic on the pricegun.com website from an infographic chart, “Shoplifting is America’s #1 Property Crime”. The chart shows that stores that use visible cameras were shoplifted at 70% of the time while stores that use ink tags drop down to 27% and radio frequency tags are even less at 20%. I urge all retailers not just clothing store owners to look at Sensormatic tags and systems as an investment in reducing losses and saving money rather than an expense center that costs the store money.
Would the use of electronic article surveillance tags prevented the Loss Prevention Associate from being bitten? It is quite possible they would have stopped the incident before it took place (assuming they were not in use at this location). I have found that in many cases a shoplifter steals because they believe the opportunity presents itself and if no security tags are on an item there is no immediate deterrent at work. There is a slight chance that the merchandise had tags and the thief was committed to stealing the items anyways because he had his buddies with him but it is an unlikely scenario. Most crooks, especially opportunists don’t want to chance being caught and they know the tags will cause an alarm system to activate.
Altercations with shoplifters can be dangerous as evidenced in the story about the Associate and his confrontation. Proper training on how to stop shoplifting provided by Loss Prevention Systems, Inc. (LPSI) and the use of Sensormatic tags and pedestals can help to minimize unnecessary risks to store employees. Contact LPSI to learn more about how you can keep your workers safe and take a bite out of crime at the same time.
Get more information on Sensormatic tags, contact us or call 1.770.426.0547 today.
I just got bit by the clothing security tags epidemic. You know the one I’m talking about. It is the purchase that is made but the cashier wasn’t paying attention. It is the alarm tag that wasn’t removed and it set off the electronic article surveillance towers. What was even more irritating was I stood at the door to the place and no one came over or acknowledged me. Well one person acknowledged me, the guy sitting on the chair waiting for someone who was shopping. We both looked at each other and shrugged our shoulders and I left. That wasn’t the end of of my story there is more. But hey, I like cliff hangers so I will tell you the rest in a couple of minutes. Until then there is a little lesson you can already glean from what I have told you. Your cashiers HAVE to pay attention. When they are assisting at a register and a store uses Sensormatic tags on clothing it is critical that they are deactivating labels or removing tags. The customer service issues that occur when it is not done properly are a poor reflection on your business.
Those tiny little clothing security tags can create big problems. Sensormatic anti-theft devices are designed to protect merchandise from theft and they are extremely effective at it. They aren’t supposed to be a customer service distraction but that is what can happen if stores don’t train employees properly. The downside of tags is that they have to be removed when a customer makes a purchase. Electronic article surveillance labels don’t require removal at the register but they do need to be deactivated or they will also set off alarm pedestals. In order to make an anti-theft system truly effective, managers must train cashiers on the proper processing of merchandise. That means passing everything over a scan bed where a deactivation unit is usually housed and hand scanning merchandise as little as possible. It is just as important to devise a standard for tagging when it is done at the store. Like items should all be tagged in a prominent location that is positioned approximately the same on each piece. For example all jackets might have a clothing security tag placed in a seam near the cuff of the jacket. Pants may be tagged in a seam near the right hip. If this practice is followed cashiers are going to become accustomed to looking for the Sensormatic tags every time they ring a sale and that will avoid a lot of errors.
It may not seem like it should be that big a deal but let me tell you from my encounter it can be so let me finish my story. As I mentioned, no one checked on me after I set off the security alarm. I went home and presented my purchase to my wife. Well, it wasn’t exactly what she wanted so a bit later that day we took it back to the store for a refund. I walked back in and the alarm sounded…again. I just shook my head in irritation. I got to the return counter and handed the cashier my receipt. She then pulled the coat out and was looking to see if clothing security tags were still on it. She gave me the suspicious glance as she noticed the tag was still attached. Now I was a bit ticked because as a former Loss Prevention Manager I knew what she was thinking, “Yeah, this guy bought one and stole one.” Well, if she wasn’t thinking it I know it would have crossed my mind if I were in her position. I explained that the cashier had been talking to me during the transaction and was probably distracted and forgot to look for it. I told her I had not been approached when I exited the store. I don’t know if she believed me but if she didn’t it did not hinder my ability to get the refund. It may have also helped that I told her I only needed the item credited back to my card I was not looking for cash. Nothing else was mentioned about the tag but I can say there was some embarrassment on my part at the first alarm and irritation at the thought someone potentially thought I stole something.
Protecting your merchandise with Sensormatic tags is the smart move to make. You’ll reduce losses due to criminal activity and make your store much more profitable. What you need to understand is that those same tags can become a problem without proper training. Purchase a Sensormatic system from Loss Prevention Systems, Inc. and get the proper training while you are at it.
Sensormatic tags are important and we can help you with them. Call 1.770.426.0547 and let’s talk.
Customer Counting Device -4 WC Blog 708
Door Counting Sensor-4
Expand Your Business By Using A Door Counting Sensor
By using a customer counting device in the college library where I work we were able to use data we pulled to make a justification for purchasing new library chairs. In our building we have well over 300 students using the facility from about 10am until around midnight. During those “non-peak” hours we are still serving over 100 people. Even into the wee hours of the morning we will have 10 – 30 students before we hit finals week. At finals week we will go over 500 students in our library and stay around 100 all night. It is amazing how busy we stay as a library. For administration who may not understand what we mean when we say we are “busy” having hard numbers makes a difference. How you get those hard numbers can’t be a guessing game and our library has a dual method of collecting this data. First we have an employee that hourly walks the library and does a count with an iPad. The second method is a door counting sensor we have set up in three locations.
Understanding that there are some owners and managers who may not be all that familiar with what a customer counting device is I want to spend a little time talking about them. There are a variety of styles and models a manager can choose from in selecting a door counting sensor. There are free-standing counters, some that are some tied into video cameras but the one I would recommend is the one offered by Sensormatic. Stores already operating a Sensormatic electronic article surveillance system may have the towers that can have a sensor installed. The device can be integrated in many existing towers providing not only the security of retail theft prevention but also the accurate counts of the number of people entering and exiting your store. I like the double duty that this configuration provides for the business. You reduce shortage through theft reduction by using a Sensormatic system and in the process put money back to the profit line. The counting part gives you data that you can use to make your company even more profitable (I’ll explain shortly). The point I would like people to understand is that this is a much more efficient system than looking for any other solution to tracking store customer foot traffic.
I mentioned that our library used the data we have accumulated to upgrade and improve seating in our library. Of course we have to get buy-in from college administration for the expenditure of money and the numbers we provided were a critical piece of this effort. Store owners don’t necessarily have someone else to answer to for improvements but before money is spent there should be some justification for it. Let’s say you are considering a store expansion. It would only be reasonable to want to know if there is enough patronage for it to make sense. If the vision is, “build it and they will come” you might want to rethink your strategy. Hoping people will flock in and buy only because you add square footage is crazy. Now, if you have a customer counting device and can see that the patronage justifies that expansion then you have a solid reason to grow.
I would also mention that you might use a door counting sensor and find out that you have a LOT of people coming into the store but the numbers are not reflected in the sales receipts for the day. Now you have some digging to do to see if there is a reason people are compelled to walk into your store but then leave empty handed. Maybe you need to look at freshening up store displays or perhaps you have empty shelves that are not being filled. Customers won’t always ask for something if a shelf is empty, often they just walk out. Maybe you need to revisit the customer service provided by your employees. It may be they don’t know what great service really means.
You may not be adding chairs to a library but you are building a business and a customer counting device can give a lot of insight into how successful your store is. It may also help in identifying areas of opportunity for improvement. A door counting sensor will help improve your business, count on it!
Need information on a customer counting device? Give us a call at 1.770.426.0547 and let’s talk.
By using a customer counting device in the college library where I work we were able to use data we pulled to make a justification for purchasing new library chairs. In our building we have well over 300 students using the facility from about 10am until around midnight. During those “non-peak” hours we are still serving over 100 people. Even into the wee hours of the morning we will have 10 – 30 students before we hit finals week. At finals week we will go over 500 students in our library and stay around 100 all night. It is amazing how busy we stay as a library. For administration who may not understand what we mean when we say we are “busy” having hard numbers makes a difference. How you get those hard numbers can’t be a guessing game and our library has a dual method of collecting this data. First we have an employee that hourly walks the library and does a count with an iPad. The second method is a door counting sensor we have set up in three locations.
Understanding that there are some owners and managers who may not be all that familiar with what a customer counting device is I want to spend a little time talking about them. There are a variety of styles and models a manager can choose from in selecting a door counting sensor. There are free-standing counters, some that are some tied into video cameras but the one I would recommend is the one offered by Sensormatic. Stores already operating a Sensormatic electronic article surveillance system may have the towers that can have a sensor installed. The device can be integrated in many existing towers providing not only the security of retail theft prevention but also the accurate counts of the number of people entering and exiting your store. I like the double duty that this configuration provides for the business. You reduce shortage through theft reduction by using a Sensormatic system and in the process put money back to the profit line. The counting part gives you data that you can use to make your company even more profitable (I’ll explain shortly). The point I would like people to understand is that this is a much more efficient system than looking for any other solution to tracking store customer foot traffic.
I mentioned that our library used the data we have accumulated to upgrade and improve seating in our library. Of course we have to get buy-in from college administration for the expenditure of money and the numbers we provided were a critical piece of this effort. Store owners don’t necessarily have someone else to answer to for improvements but before money is spent there should be some justification for it. Let’s say you are considering a store expansion. It would only be reasonable to want to know if there is enough patronage for it to make sense. If the vision is, “build it and they will come” you might want to rethink your strategy. Hoping people will flock in and buy only because you add square footage is crazy. Now, if you have a customer counting device and can see that the patronage justifies that expansion then you have a solid reason to grow.
I would also mention that you might use a door counting sensor and find out that you have a LOT of people coming into the store but the numbers are not reflected in the sales receipts for the day. Now you have some digging to do to see if there is a reason people are compelled to walk into your store but then leave empty handed. Maybe you need to look at freshening up store displays or perhaps you have empty shelves that are not being filled. Customers won’t always ask for something if a shelf is empty, often they just walk out. Maybe you need to revisit the customer service provided by your employees. It may be they don’t know what great service really means.
You may not be adding chairs to a library but you are building a business and a customer counting device can give a lot of insight into how successful your store is. It may also help in identifying areas of opportunity for improvement. A door counting sensor will help improve your business, count on it!
Need information on a customer counting device? Give us a call at 1.770.426.0547 and let’s talk.
Loss Prevention ROI Calculator – 3 WC Blog 705
Loss Prevention Calculator -3
The Loss Prevention Calculator Shows How To Make Smart Investments
The Loss Prevention Calculator from Loss Prevention Systems, Inc. (LPSI) is a winning way to find out what the return on investment (ROI) would be for a Sensormatic security system. While the ROI for one thing may be great that doesn’t mean all investments will turn out the same. Here are a few examples where the ROI of investments were not only less than desirable, they were failures of epic proportion. From thinkadvisor.com – “8 Really Bad Investments That Lost a Bundle” by Dan Berman, May 07, 2013:
• Boo.com was an online apparel company that lost $188 million in a year and a half. “Almost one sixth of that money belonged to the wealthy Harari family…”
• Venture capitalists invested 35 million in Flooz.com an attempt at creating an online currency. “…despite retailers like Barnes and Noble and Starbucks agreeing to accept the currency, the idea flopped miserably.”
• In 1993 The New York Times spent 1.1 BILLION dollars to purchase the Boston Globe. The internet changed the news reporting industry and newspapers. “An attempt to sell the Globe in 2009 reportedly netted an offer of $59 million plus the assumption of pension obligations. Other newspapers that were part of the Globe chain were sold for $143 million in late 2011.”
Ouch, these investment choices certainly seem to have had a nasty sting to them. A Return On Investment should not be costly as these were. If you own a retail business you want to be careful on how you spend YOUR money. You have to have the assurance that there will be a positive return for your expenditures. One sure fire way to do this is to spend money on something that will pay back dividends. No, I’m not talking about buying stocks. Purchase a Loss Prevention system to prevent theft and reduce stock shortage. The Loss Prevention ROI Calculator is your safe way to see just how an investment will not only pay dividends but pay for itself as well.
Just how does the Loss Prevention Calculator work? You go to the LPSI website and find the link to their ROI Calculator. Once on the screen the user simply enters their estimated annual sales for their store and the amount they are considering spending on a Sensormatic security system. The Loss Prevention ROI Calculator tallies the figures and shows how much you would spend monthly to pay for a system. It also allows the user to see how long it would take for the investment to pay for itself through reduced shrink losses. THAT is an investment that makes sense!
There may be someone who is reading this and ready to reject it because they don’t want a sales person calling them or emailing to push a sale. I totally understand. That is why there is no registration, signing in, request for email or any other tracking used. When LPSI calls it a Free Loss Prevention Calculator they mean it. They are so sure of the effectiveness of electronic article surveillance systems they are confident you will make the right investment for your business. That is what LPSI is all about, helping retailers become more profitable through theft and shrinkage reduction.
Just to let you see that there have been other really bad investment choices that turned out poorly, here are a couple of more from franchisehelp.com, “20 Famous Athletes and Their Investment Blunders”:
• Rhagib Ismail a Notre Dame Football player and graduate, invested $300,000 in a “Hard Rock Café franchise/Planet Hollywood knockoff called Rock N’ Roll Café.” The venue was a failure.
• “(John) Elway and a co-investor committed $15 million to what turned out to be a ponzi scheme run by hedge fund manager Sean Mueller says the Denver Post”
• Scottie Pippin “(invested) in a private jet that took him under.” He is “…seeking restitution from a firm that he claims owes him at least $8 million after misguiding him on investments.”
There are so many more stories of investments that turned out badly for the investors. Some of the sports figures made considerable sums of money over the course of their careers and have gone bankrupt. You don’t have to make similar mistakes with your business.
Take some time looking at the Loss Prevention ROI Calculator and the LPSI website. Learn about the way a Sensormatic system can pay for itself over time. Also learn about the other ways LPSI can strengthen your company in ways you may never have considered previously. Let them help you start saving money today!
Need information on the Loss Prevention ROI Calculator? Give us a call at 1.770.426.0547 today.
The Loss Prevention Calculator from Loss Prevention Systems, Inc. (LPSI) is a winning way to find out what the return on investment (ROI) would be for a Sensormatic security system. While the ROI for one thing may be great that doesn’t mean all investments will turn out the same. Here are a few examples where the ROI of investments were not only less than desirable, they were failures of epic proportion. From thinkadvisor.com – “8 Really Bad Investments That Lost a Bundle” by Dan Berman, May 07, 2013:
• Boo.com was an online apparel company that lost $188 million in a year and a half. “Almost one sixth of that money belonged to the wealthy Harari family…”
• Venture capitalists invested 35 million in Flooz.com an attempt at creating an online currency. “…despite retailers like Barnes and Noble and Starbucks agreeing to accept the currency, the idea flopped miserably.”
• In 1993 The New York Times spent 1.1 BILLION dollars to purchase the Boston Globe. The internet changed the news reporting industry and newspapers. “An attempt to sell the Globe in 2009 reportedly netted an offer of $59 million plus the assumption of pension obligations. Other newspapers that were part of the Globe chain were sold for $143 million in late 2011.”
Ouch, these investment choices certainly seem to have had a nasty sting to them. A Return On Investment should not be costly as these were. If you own a retail business you want to be careful on how you spend YOUR money. You have to have the assurance that there will be a positive return for your expenditures. One sure fire way to do this is to spend money on something that will pay back dividends. No, I’m not talking about buying stocks. Purchase a Loss Prevention system to prevent theft and reduce stock shortage. The Loss Prevention ROI Calculator is your safe way to see just how an investment will not only pay dividends but pay for itself as well.
Just how does the Loss Prevention Calculator work? You go to the LPSI website and find the link to their ROI Calculator. Once on the screen the user simply enters their estimated annual sales for their store and the amount they are considering spending on a Sensormatic security system. The Loss Prevention ROI Calculator tallies the figures and shows how much you would spend monthly to pay for a system. It also allows the user to see how long it would take for the investment to pay for itself through reduced shrink losses. THAT is an investment that makes sense!
There may be someone who is reading this and ready to reject it because they don’t want a sales person calling them or emailing to push a sale. I totally understand. That is why there is no registration, signing in, request for email or any other tracking used. When LPSI calls it a Free Loss Prevention Calculator they mean it. They are so sure of the effectiveness of electronic article surveillance systems they are confident you will make the right investment for your business. That is what LPSI is all about, helping retailers become more profitable through theft and shrinkage reduction.
Just to let you see that there have been other really bad investment choices that turned out poorly, here are a couple of more from franchisehelp.com, “20 Famous Athletes and Their Investment Blunders”:
• Rhagib Ismail a Notre Dame Football player and graduate, invested $300,000 in a “Hard Rock Café franchise/Planet Hollywood knockoff called Rock N’ Roll Café.” The venue was a failure.
• “(John) Elway and a co-investor committed $15 million to what turned out to be a ponzi scheme run by hedge fund manager Sean Mueller says the Denver Post”
• Scottie Pippin “(invested) in a private jet that took him under.” He is “…seeking restitution from a firm that he claims owes him at least $8 million after misguiding him on investments.”There are so many more stories of investments that turned out badly for the investors. Some of the sports figures made considerable sums of money over the course of their careers and have gone bankrupt. You don’t have to make similar mistakes with your business.
Take some time looking at the Loss Prevention ROI Calculator and the LPSI website. Learn about the way a Sensormatic system can pay for itself over time. Also learn about the other ways LPSI can strengthen your company in ways you may never have considered previously. Let them help you start saving money today!
Need information on the Loss Prevention ROI Calculator? Give us a call at 1.770.426.0547 today.
