EAS systems are one of the most recognizable and widely employed loss prevention technologies on the market today. We are all familiar with the electronic sentries guarding the exits to department and grocery stores, however, there continues to be a lack of understanding about what exactly these technologies are, and what they’re designed to accomplish.
Inventory management is one of the most difficult tasks in the apparel industry. When everyone else in the industry is focusing on styles, trends, and tastes you can stay on top of the demand curve when you order mannequins and leg forms to showcase your products. This will help you with inventory management and transform your apparel business. Besides the traditional inventory management practices, there are specific strategies in the apparel industry that should be followed. Such strategies will help you dispose of products whose popularity is declining and order next season's products.
If you lose your product through shoplifting or employee theft or a combination of the two having your merchandise stolen will sharply cut into your profit and not make your day. American Retail Supply is dedicated to helping you to Sell more, lose less, and protect your investment.
My Top Five Ways to Reduce Shoplifting in Your Store
5. KEEP YOUR STORE CLEAN; WELL ORGANIZED and AVOID FIXTURES THAT YOUR BLOCK VIEW A clean, well-lit and well-organized store will tell the shoplifter that you pay attention to detail and pay attention to them! Avoid fixtures that block the view, if you use gondola shelving, I suggest no more than 46” tall
Kessler International, a forensic accounting firm, released results from a survey of 500 employees. It is shocking that 95 percent, yes 95 percent of employees stole from their employers. My guess, maybe it is cynical, that the other five percent were not being 100% honest. Included in "theft" was theft of time and supplies. There are many ways employees will steal from their employer beyond outright theft, but the results can affect profit. If it be minutes here and there texting, printing out the party invitations, using the computer for personal use, taking toilet paper home, grabbing a handful of pens, using store bags for cat litter (I was chatting with someone who told me they do that!), using any in-store discount for "gifts" to friends and much more. The employee will justify themselves and one could argue that these forms of theft are not severe, but there is no doubt that they do add up to significant losses in the workplace.
So, if you haven’t measured the shrinkage in your store and shared with your employees recently, carve out some time to do so and refresh your loss prevention techniques and/or your technology media.
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