Checkpoint hard tags-5 WC Blog 336
Stop shoplifting-4
Balancing Efforts To Stop Shoplifting And Use Loss Prevention Resources Wisely – Part 1
To stop or not stop shoplifters is a question that has been asked even before I started working in Loss Prevention nearly 27 years ago. It popped up again when I was reading an article in LP INSIDER magazine, “To Stop or Not to Stop the Shoplifter: Is This Still a Question?” by Johnny Custer, LPC, CPI, March 14, 2017. I found some points I agreed with and others points I found myself shaking my head in disagreement over. The one side of the argument is that catching shoplifters reduces shortage and the writer of the article notes that this was the focus of shortage reduction when Loss Prevention departments were created. The writer goes on to pose the question, “Does shoplifting have the kind of impact on shrink that we once thought?” A few lines later he references a 2012 report that indicates shoplifting accounts for approximately 24% of annual shrink. Well, my rebuttal to that statistic at least is that according to the 2014-2015 Global Retail Theft Barometer Report, shoplifting in North America accounted for approximately 36% of retail shrinkage. The report compares that number to the prior year which placed shrinkage due to shoplifting at 37% (pg. 53). It does not seem realistic that shortage from shoplifting jumped 13% in two years so someone’s numbers are off. My stance is that shoplifting does have a significant part to play in retail shortage and it must be addressed. I will touch on a few other points in a moment. What I do want to strongly point out is that one way or another external theft must be a focus for shortage reduction even if it is through deterrence and Checkpoint hard tags are one way a store can stop shoplifting.
By protecting merchandise with electronic article surveillance (EAS) retail anti-theft devices such as Checkpoint Hard Tags, criminals are confronted with two problems. First, the tags themselves are placed in a visible location so there is no question the merchandise is going to sound an alarm at the doors when EAS pedestals pick up the radio frequency wave emitted by the tags. The alarm is going to tip off nearby employees a theft attempt is taking place. Staff will see who the shoplifter is and they also have a chance to conduct a receipt check and recover merchandise. The second problem the criminal has is how secure the tags are on a garment or other merchandise. Attempts to pry or force Checkpoint Hard Tags off of most items will result in damaged product. This is not what the shoplifter is bargaining for when they come in to steal. Clearly deterrence and detection properties of these retail anti-theft devices can stop shoplifting and send the bad guys to another store to commit their crimes.
One of the arguments the writer makes is that too many resources are focused on trying to stop shoplifting which he says is only causing 24% of shrink and not enough on the other causes, be they operational or internal theft related. The article also discusses the dangers associated with confronting a shoplifter, especially if the Loss Prevention Agent is by him or herself. I agree that operational shortage should be a component of the Loss Prevention department but I don’t believe it should be a major focus point. I believe it is incumbent on the store management team to understand and address operational shortage. I saw a period in my LP Management career where the company I worked for did shift the focus more towards operational involvement for a time. We were even looking at department productivity opportunities, were best practices being followed? We were to become more knowledgeable on the backroom and product return and check-in procedures. I didn’t balk at having to learn more, I balked at the idea the store was paying a stockroom/freight manager a lot of money to run the department, why not make THAT person ensure best practiced were followed?
In part 2 of this article I will continue with my thoughts on the topic of whether we should stop shoplifting by focusing efforts on external theft or re-think the role of Loss Prevention in the stores. Regardless of which side of the argument you find yourself after reading about all points of view, one thing that cannot be argued is that Checkpoint Hard Tags are an effective tool in the fight to keep shortage low.
Get more information on Checkpoint Hard Tags, contact us or call 1.770.426.0547 today.
To stop or not stop shoplifters is a question that has been asked even before I started working in Loss Prevention nearly 27 years ago. It popped up again when I was reading an article in LP INSIDER magazine, “To Stop or Not to Stop the Shoplifter: Is This Still a Question?” by Johnny Custer, LPC, CPI, March 14, 2017. I found some points I agreed with and others points I found myself shaking my head in disagreement over. The one side of the argument is that catching shoplifters reduces shortage and the writer of the article notes that this was the focus of shortage reduction when Loss Prevention departments were created. The writer goes on to pose the question, “Does shoplifting have the kind of impact on shrink that we once thought?” A few lines later he references a 2012 report that indicates shoplifting accounts for approximately 24% of annual shrink. Well, my rebuttal to that statistic at least is that according to the 2014-2015 Global Retail Theft Barometer Report, shoplifting in North America accounted for approximately 36% of retail shrinkage. The report compares that number to the prior year which placed shrinkage due to shoplifting at 37% (pg. 53). It does not seem realistic that shortage from shoplifting jumped 13% in two years so someone’s numbers are off. My stance is that shoplifting does have a significant part to play in retail shortage and it must be addressed. I will touch on a few other points in a moment. What I do want to strongly point out is that one way or another external theft must be a focus for shortage reduction even if it is through deterrence and Checkpoint hard tags are one way a store can stop shoplifting.
By protecting merchandise with electronic article surveillance (EAS) retail anti-theft devices such as Checkpoint Hard Tags, criminals are confronted with two problems. First, the tags themselves are placed in a visible location so there is no question the merchandise is going to sound an alarm at the doors when EAS pedestals pick up the radio frequency wave emitted by the tags. The alarm is going to tip off nearby employees a theft attempt is taking place. Staff will see who the shoplifter is and they also have a chance to conduct a receipt check and recover merchandise. The second problem the criminal has is how secure the tags are on a garment or other merchandise. Attempts to pry or force Checkpoint Hard Tags off of most items will result in damaged product. This is not what the shoplifter is bargaining for when they come in to steal. Clearly deterrence and detection properties of these retail anti-theft devices can stop shoplifting and send the bad guys to another store to commit their crimes.
One of the arguments the writer makes is that too many resources are focused on trying to stop shoplifting which he says is only causing 24% of shrink and not enough on the other causes, be they operational or internal theft related. The article also discusses the dangers associated with confronting a shoplifter, especially if the Loss Prevention Agent is by him or herself. I agree that operational shortage should be a component of the Loss Prevention department but I don’t believe it should be a major focus point. I believe it is incumbent on the store management team to understand and address operational shortage. I saw a period in my LP Management career where the company I worked for did shift the focus more towards operational involvement for a time. We were even looking at department productivity opportunities, were best practices being followed? We were to become more knowledgeable on the backroom and product return and check-in procedures. I didn’t balk at having to learn more, I balked at the idea the store was paying a stockroom/freight manager a lot of money to run the department, why not make THAT person ensure best practiced were followed?
In part 2 of this article I will continue with my thoughts on the topic of whether we should stop shoplifting by focusing efforts on external theft or re-think the role of Loss Prevention in the stores. Regardless of which side of the argument you find yourself after reading about all points of view, one thing that cannot be argued is that Checkpoint Hard Tags are an effective tool in the fight to keep shortage low.
Get more information on Checkpoint Hard Tags, contact us or call 1.770.426.0547 today.
Retail theft prevention-3 WC Blog 321
Checkpoint Security System-3
Stop shoplifting-3
A Checkpoint Security System May Be Able To Prevent A Store From Closing
I have been monitoring recent news stories on retailers which are closing doors on many of their stores. The most recent headliner is J.C. Penney announcing a closing of 138 stores. According to a report on CNBC.com, the CEO, Marvin Ellison stated, “We believe closing stores will allow us to adjust our business to effectively compete against the growing threat of online retailers.” In a Jan. 5, 2017 report on money.cnn.com, by Paul R. La Monica, the site reported the closing of 109 K Mart stores and 41 Sears Outlets. “Sears CEO Eddie Lampert said in a statement that the company was “taking strong, decisive actions…to stabilize the company and improve our financial flexibility in what remains a challenging retail environment.” Both stories referenced the challenge posed by online retailers, especially noting Amazon. Kohl’s and Macey’s are two other major stores that have recently announced the closing of significant numbers of stores. When I began researching information on the causes of retailers closing their doors I was surprised at the lack of finger pointing at merchandise shortage or mentioning the need to stop shoplifting or prevent employee theft. The closest I could find was in a CNBC article which cited as one of 11 common reasons small businesses fail is due to “disgruntled employees”. The article references a 2013 Gallup Poll, “70 percent of American workers are either not engaged at work, or are actively disengaged to the point of trying to subvert the work of colleagues.” http://www.cnbc.com/2014/07/30/11-all-too-common-reasons-small-businesses-fail.html?slide=12 I would like to suggest that what all the articles I reviewed fail to recognize is the impact that theft has on business closings. If retail theft prevention is not a part of a business plan, there is a good chance a store will not be able to remain profitable.
The impact of retail theft prevention cannot be underestimated. According to the 2015 Global Retail Theft Barometer Shrinkage among U.S retailers was 36.79 billion dollars (2015 GRTB pg. 50). Broken down, 45% of this shortage was due to dishonest employee theft and 36% due to shoplifting (2015 GRTB pg. 53). According to the same report, many retailers had decreased spending on Retail Loss Prevention and shortage increased. The use of a Checkpoint security system including the pedestals, labels and tags and deactivation tools can improve shortage results and profitability for stores. Unfortunately, many stores that already have systems sometimes choose to reduce the number of sku’s to protect or increase the price points of the items they will tag in an effort to reduce cost. The idea behind this is to purchase fewer labels or spend less on hard tags. The unexpected consequences are increased shortage.
I pointed out that most of the analysis I am reading on store closings seems to blame online retailers and also closing less profitable stores to focus on those that are succeeding. But I would like to point out an article specifically on JC Penney and electronic article surveillance from Dec 3, 2013, from scdigest.com, “RFID News: JC Penney’s Sudden Retreat from RFID Led to Rash of Store Thefts”. The SCDigest editorial staff writes, “…the struggling department store chain said last week that a botched transition to RFID over traditional Electronic Article Surveillance (EAS) technology allowed thieves to run relatively wild in Q3 and probably earlier.” They continue, “With sales of $2.78 billion in the quarter, the percentage drop in margin cost Penney about $28 million in lost profits…”. http://www.scdigest.com/ontarget/13-12-03-1.php?cid=7637&ctype=content I am not familiar with the EAS system JC Penney’s used and I would emphasize I am not suggesting a Checkpoint security system would save the stores that are on the chopping block. What I am willing to say is the article does seem to support my point that anti-shoplifting measures do stop shoplifting as well as internal theft and thereby saves businesses significant amounts of money.
Retail theft prevention using a Checkpoint security system can stop shoplifting and reduce internal crime in your store. Merchandise theft cannot be sustained for long without causing significant impact to the profit line of the store. Install a Checkpoint system and see how much you can improve your bottom line.
Get more information on a Checkpoint security system, contact us or call 1.770.426.0547 today.
I have been monitoring recent news stories on retailers which are closing doors on many of their stores. The most recent headliner is J.C. Penney announcing a closing of 138 stores. According to a report on CNBC.com, the CEO, Marvin Ellison stated, “We believe closing stores will allow us to adjust our business to effectively compete against the growing threat of online retailers.” In a Jan. 5, 2017 report on money.cnn.com, by Paul R. La Monica, the site reported the closing of 109 K Mart stores and 41 Sears Outlets. “Sears CEO Eddie Lampert said in a statement that the company was “taking strong, decisive actions…to stabilize the company and improve our financial flexibility in what remains a challenging retail environment.” Both stories referenced the challenge posed by online retailers, especially noting Amazon. Kohl’s and Macey’s are two other major stores that have recently announced the closing of significant numbers of stores. When I began researching information on the causes of retailers closing their doors I was surprised at the lack of finger pointing at merchandise shortage or mentioning the need to stop shoplifting or prevent employee theft. The closest I could find was in a CNBC article which cited as one of 11 common reasons small businesses fail is due to “disgruntled employees”. The article references a 2013 Gallup Poll, “70 percent of American workers are either not engaged at work, or are actively disengaged to the point of trying to subvert the work of colleagues.” http://www.cnbc.com/2014/07/30/11-all-too-common-reasons-small-businesses-fail.html?slide=12 I would like to suggest that what all the articles I reviewed fail to recognize is the impact that theft has on business closings. If retail theft prevention is not a part of a business plan, there is a good chance a store will not be able to remain profitable.
The impact of retail theft prevention cannot be underestimated. According to the 2015 Global Retail Theft Barometer Shrinkage among U.S retailers was 36.79 billion dollars (2015 GRTB pg. 50). Broken down, 45% of this shortage was due to dishonest employee theft and 36% due to shoplifting (2015 GRTB pg. 53). According to the same report, many retailers had decreased spending on Retail Loss Prevention and shortage increased. The use of a Checkpoint security system including the pedestals, labels and tags and deactivation tools can improve shortage results and profitability for stores. Unfortunately, many stores that already have systems sometimes choose to reduce the number of sku’s to protect or increase the price points of the items they will tag in an effort to reduce cost. The idea behind this is to purchase fewer labels or spend less on hard tags. The unexpected consequences are increased shortage.
I pointed out that most of the analysis I am reading on store closings seems to blame online retailers and also closing less profitable stores to focus on those that are succeeding. But I would like to point out an article specifically on JC Penney and electronic article surveillance from Dec 3, 2013, from scdigest.com, “RFID News: JC Penney’s Sudden Retreat from RFID Led to Rash of Store Thefts”. The SCDigest editorial staff writes, “…the struggling department store chain said last week that a botched transition to RFID over traditional Electronic Article Surveillance (EAS) technology allowed thieves to run relatively wild in Q3 and probably earlier.” They continue, “With sales of $2.78 billion in the quarter, the percentage drop in margin cost Penney about $28 million in lost profits…”. http://www.scdigest.com/ontarget/13-12-03-1.php?cid=7637&ctype=content I am not familiar with the EAS system JC Penney’s used and I would emphasize I am not suggesting a Checkpoint security system would save the stores that are on the chopping block. What I am willing to say is the article does seem to support my point that anti-shoplifting measures do stop shoplifting as well as internal theft and thereby saves businesses significant amounts of money.
Retail theft prevention using a Checkpoint security system can stop shoplifting and reduce internal crime in your store. Merchandise theft cannot be sustained for long without causing significant impact to the profit line of the store. Install a Checkpoint system and see how much you can improve your bottom line.
Get more information on a Checkpoint security system, contact us or call 1.770.426.0547 today.
AA Blog 37
Checkpoint Labels: 5
Stop Shoplifting: 3
Checkpoint Labels Provide A Multi-Faceted Means to Stop Shoplifting and Avoid Price Swapping
When it comes to retail shoplifting, I have had my share of problems, but I have also learned a lot throughout the years. I have learned new ways to protect my store and my products from not only shoplifting in general, but from price switching and clearance tagging. I am not sure if this has been a problem for you in your store, but I know it was a huge problem for me. Of course we weren’t locating these issues on the front end, but instead we were finding them after the sale, when we were netting our losses. We had a large problem, with people switching prices or adding clearance stickers to expensive items, which included returns for full price credits on the same items. It was a problem that was significantly affecting our bottom line and we knew we had to do something about it. We just weren’t sure how we could stop shoplifting of this type, without requiring management approval for every sale item. This as you know would be time consuming and an irritation to our loyal customers. I had discussed these issues with some of my counterparts to see what they were doing to prevent this type of activity in their stores. Some of them had changed their brand of labels, so they would adhere better, but that still wasn’t fool proof. I wanted a way to ensure that our labels were being utilized to the best of our ability without added expense. That was when I discovered Checkpoint Labels.
Checkpoint Labels are the perfect way to prevent price swapping. These labels can be easily printed in store, so you can print the label with your pricing and your store logo on site at a low cost. These labels once applied, cannot be removed without damaging the label. They are also equipped with EAS technology to stop shoplifting. They are a multi-faceted tool to protect all your products. They come in various sizes and shapes to meet all of your needs, and a new label can easily be re-applied in the event of a sale. This eliminates the need for a secondary sales tag, which can be swapped to other non-sale items. Having the ability to quickly adjust pricing in store, is an ideal way to protect your products while saving time and money. It also makes for a good shopping experience for your customers, by reducing time and hassle during the checkout process. Checkpoint Labels also offer a clear label that can be placed over the existing barcode, which adds EAS technology and prevents price swapping all in one label.
Preventing shoplifting is an ongoing battle, regardless of the method in which it is occurring. I know I have struggled with managing this problem from all angles, but I do know that Checkpoint Labels have substantially reduced my loss. They work on so many levels to protect my property, which makes for a cost-effective means to stop shoplifting. I have purchased the label makers, which really helps me manage my pricing more effectively in store. They come in large rolls that allow me to manage my products and my security at a low cost, with very little effort. I love how handy they are, and unlike other cheap labels, I know they won’t peel off, and they work more effectively in alerting my staff when a breach occurs. Now anytime a fellow retailer comes to me about their personal store issues, I can pass on the knowledge I have learned, and hopefully help them in their loss prevention efforts. Helping one another is key in this field.
Get more information on Checkpoint Labels, contact us or call 1.770.426.0547 today.
When it comes to retail shoplifting, I have had my share of problems, but I have also learned a lot throughout the years. I have learned new ways to protect my store and my products from not only shoplifting in general, but from price switching and clearance tagging. I am not sure if this has been a problem for you in your store, but I know it was a huge problem for me. Of course we weren’t locating these issues on the front end, but instead we were finding them after the sale, when we were netting our losses. We had a large problem, with people switching prices or adding clearance stickers to expensive items, which included returns for full price credits on the same items It was a problem that was significantly affecting our bottom line and we knew we had to do something about it. We just weren’t sure how we could stop shoplifting of this type, without requiring management approval for every sale item. This as you know would be time consuming and an irritation to our loyal customers. I had discussed these issues with some of my counterparts to see what they were doing to prevent this type of activity in their stores. Some of them had changed their brand of labels, so they would adhere better, but that still wasn’t fool proof. I wanted a way to ensure that our labels were being utilized to the best of our ability without added expense. That was when I discovered Checkpoint Labels.
Checkpoint Labels are the perfect way to prevent price swapping. These labels can be easily printed in store, so you can print the label with your pricing and your store logo on site at a low cost. These labels once applied, cannot be removed without damaging the label. They are also equipped with EAS technology to stop shoplifting. They are a multi-faceted tool to protect all your products. They come in various sizes and shapes to meet all of your needs, and a new label can easily be re-applied in the event of a sale. This eliminates the need for a secondary sales tag, which can be swapped to other non-sale items. Having the ability to quickly adjust pricing in store, is an ideal way to protect your products while saving time and money. It also makes for a good shopping experience for your customers, by reducing time and hassle during the checkout process. Checkpoint Labels also offer a clear label that can be placed over the existing barcode, which adds EAS technology and prevents price swapping all in one label.
Preventing shoplifting is an ongoing battle, regardless of the method in which it is occurring. I know I have struggled with managing this problem from all angles, but I do know that Checkpoint Labels have substantially reduced my loss. They work on so many levels to protect my property, which makes for a cost-effective means to stop shoplifting. I have purchased the label makers, which really helps me manage my pricing more effectively in store. They come in large rolls that allow me to manage my products and my security at a low cost, with very little effort. I love how handy they are, and unlike other cheap labels, I know they won’t peel off, and they work more effectively in alerting my staff when a breach occurs. Now anytime a fellow retailer comes to me about their personal store issues, I can pass on the knowledge I have learned, and hopefully help them in their loss prevention efforts. Helping one another is key in this field.
Get more information on Checkpoint Labels, contact us or call 1.770.426.0547 today.
AA Blog 44
CP Labels: 5
Stop Shoplifting: 3
Inventory Control: 3
Checkpoint Labels Provide A Cost-Efficient Means To Improve Inventory Control, Reduce Shrinkage, And Improve Customer Satisfaction.
I was in a local store yesterday getting some home improvement items and it seemed very hectic in the store. There weren’t a lot of customers, but it seemed like there were a lot of associates running around. I brought my items up to the counter and the lady seemed distracted. She greeted me and apologized saying they were doing inventory and things were a little crazy in the store. Being in the industry, I understand their struggles, as I have dealt with the same issues. I understand what it is like to see an item on the inventory and not be able to find it. I have experienced the situation where I am running around the store to various different departments looking for the item, sometimes never finding it. It is very frustrating not being able to locate an item that you have no record of selling. I remember a particular store I worked for, at the beginning of my career, which had a significant shrinkage rate. It always left me feeling dissatisfied with our security and our organizational skills. Granted we did locate some items in the wrong place or would find a sale we had missed, but in totality I knew we had a problem, and we needed to do something about it. I wasn’t quite sure how to rectify the situation, but I did know that our lack of security played a huge factor in our inventory control issues. The question was how do we stop shoplifting and reduce shrinkage? I did some research and discovered Checkpoint labels might be a solution to some of my theft issues.
Checkpoint labels provide a cost-efficient means to protect your merchandise and stop shoplifting. They come in various shapes and sizes and can affix to almost any item. Once affixed, they have a strong adhesive, which prevents their removal. These labels are equipped with EAS technology to alert store associates when a theft or breach occurs. The labels are easily deactivated at the time of sale and cannot be re-activated, which prevents false alarms, and improves customer satisfaction. Checkpoint labels can be conveniently printed in store to allow for quick and accurate protection. The printer/applicator can be used to print pricing, barcodes and branding information, creating a multi-faceted product that eliminates the need for multiple labels. This saves on cost and time, which saves your company money. These labels will reduce shrinkage and improve your inventory control issues.
I think it is important to share industry information because I hate to see small businesses struggle to both satisfy their customers, and ensure they are protecting their assets; thus improving their profit margins. Maybe some of these larger companies can afford some degree of loss and customer dissatisfaction, because the margin is insignificant compared to their profit margin. Although that may not be the case for those small businesses that are struggling to make a profit on a daily basis. Overhead and security cost money, but so do inefficiencies that promote shrinkage and negatively impact your inventory control. Not having the products available can cause customers to seek out other retail options, which is why it is important to protect yourself. Checkpoint labels can provide that added security you need to stop shoplifting and improve customer satisfaction and sales.
Need information on Checkpoint Labels? Give us a call at 1.770.426.0547 now.
I was in a local store yesterday getting some home improvement items and it seemed very hectic in the store. There weren’t a lot of customers, but it seemed like there were a lot of associates running around. I brought my items up to the counter and the lady seemed distracted. She greeted me and apologized saying they were doing inventory and things were a little crazy in the store. Being in the industry, I understand their struggles, as I have dealt with the same issues. I understand what it is like to see an item on the inventory and not be able to find it. I have experienced the situation where I am running around the store to various different departments looking for the item, sometimes never finding it. It is very frustrating not being able to locate an item that you have no record of selling. I remember a particular store I worked for, at the beginning of my career, which had a significant shrinkage rate. It always left me feeling dissatisfied with our security and our organizational skills. Granted we did locate some items in the wrong place or would find a sale we had missed, but in totality I knew we had a problem, and we needed to do something about it. I wasn’t quite sure how to rectify the situation, but I did know that our lack of security played a huge factor in our inventory control issues. The question was how do we stop shoplifting and reduce shrinkage? I did some research and discovered Checkpoint labels might be a solution to some of my theft issues.
Checkpoint labels provide a cost-efficient means to protect your merchandise and stop shoplifting. They come in various shapes and sizes and can affix to almost any item. Once affixed, they have a strong adhesive, which prevents their removal. These labels are equipped with EAS technology to alert store associates when a theft or breach occurs. The labels are easily deactivated at the time of sale and cannot be re-activated, which prevents false alarms, and improves customer satisfaction. Checkpoint labels can be conveniently printed in store to allow for quick and accurate protection. The printer/applicator can be used to print pricing, barcodes and branding information, creating a multi-faceted product that eliminates the need for multiple labels. This saves on cost and time, which saves your company money. These labels will reduce shrinkage and improve your inventory control issues.
I think it is important to share industry information because I hate to see small businesses struggle to both satisfy their customers, and ensure they are protecting their assets; thus improving their profit margins. Maybe some of these larger companies can afford some degree of loss and customer dissatisfaction, because the margin is insignificant compared to their profit margin. Although that may not be the case for those small businesses that are struggling to make a profit on a daily basis. Overhead and security cost money, but so do inefficiencies that promote shrinkage and negatively impact your inventory control. Not having the products available can cause customers to seek out other retail options, which is why it is important to protect yourself. Checkpoint labels can provide that added security you need to stop shoplifting and improve customer satisfaction and sales.
Need information on Checkpoint Labels? Give us a call at 1.770.426.0547 now.
CRAWL TO HIGHER PROFITS WITH A BUG TAG
The LP field is constantly changing, and every week, it seems like there is a new innovative product that hits the market. So how do you, the retailer navigate this ever-growing field of stuff? How do you know what you really need, versus what someone is just trying to sell you? Most importantly, how do you know if you’re going to get a return on your investment on a certain EAS device and if that device will actually help you to stop shoplifting? Well, lucky for you, that’s why I’m here. I have a background in LP management and I know what works and what doesn’t.
One of the challenges I find often while at work is the protection of sell-through product. Often, our buyers will score an awesome close-out deal with a supplier and we ship out PDQ’s of product X to the stores. These are generally one time buys of popular items that we sell through and then they are gone. Frequently, we see these taking the form of personal electronic devices that are high margin, high priced and high shrink. So what’s a manager to do to stop them from walking out? We like to use the Bug Tag, which is a part of our Checkpoint System.
Never heard of the Bug Tag before? Neither have a lot of my industry peers, but these are perfect for those sell-through type items. Think about it for a second. Say you get a PDQ of fitness tracker watches all with retails over $199. You have to have them out for your customer to touch, you want to get out of stock quickly, so locking them up isn’t ideal and you definitely want to stop shoplifting. The Bug Tag is perfect for these situations.
Since the module is reusable, we keep a few dozen on hand at all times. We simply stick the tag onto the packaging forget about it. Our cashiers remove them at the point of purchase and the process repeats. The only thing we have to do is replace the disposable tray. The return on investment is significant and we rarely see shrink on these product types.
We don’t see theft for a few reasons. One, like I said before, the look of the tag itself is a show-stopper for any would-be thief. Second, the 95-decibel alarm is loud enough to hear from any location within the store. I also think the 3-alarm feature keeps those fingers from sticking as well. Not only will it alert the EAS system at the door, and self-alarm if remove from the premise, it will sound that alarm if the tag is even tampered with.
There aren’t many products out there that really do what they say, but if you’re serious about wanting to stop shoplifting, you’d be remise if you didn’t give the Bug Tag a chance to stop criminals from crawling away with your profits.
Need information on Checkpoint Tags? Give us a call at 1.770.426.0547 now.
The LP field is constantly changing, and every week, it seems like there is a new innovative product that hits the market. So how do you, the retailer navigate this ever-growing field of stuff? How do you know what you really need, versus what someone is just trying to sell you? Most importantly, how do you know if you’re going to get a return on your investment on a certain EAS device and if that device will actually help you to stop shoplifting? Well, lucky for you, that’s why I’m here. I have a background in LP management and I know what works and what doesn’t.
One of the challenges I find often while at work is the protection of sell-through product. Often, our buyers will score an awesome close-out deal with a supplier and we ship out PDQ’s of product X to the stores. These are generally one time buys of popular items that we sell through and then they are gone. Frequently, we see these taking the form of personal electronic devices that are high margin, high priced and high shrink. So what’s a manager to do to stop them from walking out? We like to use the Bug Tag, which is a part of our Checkpoint System.
Never heard of the Bug Tag before? Neither have a lot of my industry peers, but these are perfect for those sell-through type items. Think about it for a second. Say you get a PDQ of fitness tracker watches all with retails over $199. You have to have them out for your customer to touch, you want to get out of stock quickly, so locking them up isn’t ideal and you definitely want to stop shoplifting. The Bug Tag is perfect for these situations.
Since the module is reusable, we keep a few dozen on hand at all times. We simply stick the tag onto the packaging forget about it. Our cashiers remove them at the point of purchase and the process repeats. The only thing we have to do is replace the disposable tray. The return on investment is significant and we rarely see shrink on these product types.
We don’t see theft for a few reasons. One, like I said before, the look of the tag itself is a show-stopper for any would-be thief. Second, the 95-decibel alarm is loud enough to hear from any location within the store. I also think the 3-alarm feature keeps those fingers from sticking as well. Not only will it alert the EAS system at the door, and self-alarm if remove from the premise, it will sound that alarm if the tag is even tampered with.
There aren’t many products out there that really do what they say, but if you’re serious about wanting to stop shoplifting, you’d be remise if you didn’t give the Bug Tag a chance to stop criminals from crawling away with your profits.
Need information on the Bug Tag? Give us a call at 1.770.426.0547 now.
