Loss Prevention Newsletter

To serve you better we are proud to introduce American Retail Supply Loss Prevention. Being in the business of providing independent retailers with supplies and fixtures for over 40 years, we understand how loss, through shoplifting or employee theft, is a substantial drag on profit and will affect many aspects of your store's operation. As part of our ongoing goal to help you run your store more profitably, we have opened a new division called American Retail Supply Loss Prevention. Once every other week you will be receiving a tip on how to reduce retail shrink. Over the next year, we will be expanding our loss prevention offerings and teaming with other loss prevention experts. If you are not concerned about loss, you should be. According to the 2017 National Retail Security Survey, the industry average inventory shrink rate has increased to 1.44 % (up from 1.38% in 2016). If you have a net profit of 10% losing 1% to 1.5% is painful. Retail Loss Overview: Shoplifting/external (including ORC) = 36.5% Employee theft/internal = 30% Administrative and paperwork error = 21.3% Vendor fraud or error = 5.4% Unknown loss = 6.8% In the meantime reach out to us if you are experiencing loss and would like to take steps to reduce it. American Retail Supply is dedicated to helping you to sell more, lose less and protect your investment. Product Highlight: We can help with the following: •Antenna Systems •Hard Security Tags •EAS Tags •Bottle Top Security •Anti Theft Hooks •Cable Locks •Cash Boxes •Convex Mirrors •and so much more Bonus Tip: As you can see above nearly 1/3rd of all loss is due to employee theft. While it may be tempting to take extra time off at the holidays or maybe you have many locations. It is important to stop by unannounced often and talk to your employees, and ask them questions. Insider joke: What happened to the 20-something who shoplifted a calendar for her sister at Christmas? --Answer: She got 12 months. Thanks, -Mark Turner