Prepared by : Sudhir MehrotraRetail Security Systems
Retail Shrinkage Shrinkage is a part of the business no one likes to talk about. However, shrinkage plays a huge part in every retailers business. Retail shrinkage is the portion of your inventory that gets lost or stolen. Your shrinkage rate is expressed as a percentage based on the value of lost inventory divided by sales during the same period. Keeping your shrinkage rate low is critical to success in business.
Indian retail has highest rate of shrinkage As per a study by “Global Retail Theft Barometer”, retail shrinkage in India continues to rank the world’s highest at 2.7%. Indian retail lost Rs 9,295.9 crore to shoplifting and theft during the one year period ending June, 2012. The annual survey was conducted by the Centre for Retail Research in Nottingham, UK. In India, 47.3% of retail shrinkage was due to shoplifting and 26.4% due to employee theft. The highest rate of shrinkage was seen in apparels. As per the study, the lowest rate of shrinkage was witnessed in Taiwan, at 0.87% of retail sales, whereas the average rate in the Asia-Pacific region was 1.16%.
The key drivers• Unemployment claims during a recession is associated with an increase in shoplifting.• Shoplifting tends to rise amid high inflation as goods are priced out of consumers’ reach.• Theft by the employee working in the retail outlet.• Persons between the ages of 15 and 24 represented the highest share in Shoplifting to fulfill there goal.
Spot the Shoplifter• Wears bulky, heavy clothing during warm weather .• Takes several items into dressing room and only leaves with one item.• Seems nervous and possibly picks up random items with no interest.• Frequently enters store and never makes a purchase.• Enters dressing room with merchandise and exits with none.• Spends more time watching the sales clerk than actually shopping.• Large group entering the store at one time. A member of the group causes a disturbance to distract sales staff.
Retail Shrinkage Prevention Usage of cctv to have close watch on customers. Checking of staff. Security staff at the entrance of the gate. Customer baggage check by security staff Issue of token for the baggage. Installation of EAS system
EAS system technologyElectronic article surveillance (EAS) is atechnological method for the preventionof shoplifting from the retail storesor pilferage of books from libraries. Special tagsare fixed to merchandise or books. These tagsare removed or deactivated by the clerks whenthe item is properly bought or checked out. Atthe exits of the store, a detection system soundsan alarm or otherwise alerts the staff when itsenses active tags. For high-value goods thatare to be manipulated by the patrons, wiredalarm clips may be used instead of tags.
Types of EAS system•Acousto-magnetic systems.•Radio-frequency systems.•Video surveillance systems•Magnetic systems
Radio-frequency systems. Radio frequency system includes: ANTENNA HARDTAGS DETACHER
ANTENNA The characteristics of the systemANTENNA: Plug-n-play installation Sturdy tubular pedestal design Built-in audio and visual alarms Tags-to-close notification Compatible with all 8.2Mhz using multiple pedestals Designed for easy installation and operation
Hard tags(EAS)Hard tags are made with best-in-class design practices for exceptionaldetection performance, durability,ease-of-use, appearance, and defeatresistance. Hard tags are available ina variety of styles for use inprotecting apparel of all types fromdelicate lingerie to coats and hats, aswell as hard goods such as sportsequipment, hardware, electronics,and others.
Detacher Retail security offers various ranges of detachers applied for the reusable tags. Easily installed in cash counter or other necessary places, these are easy to use, very durable and reliable. Characteristics . Sturdy and durable Easy to use and reliable Mounting options Detacher Locker options help prevent unauthorized unlocks.
For more detail please contact us ar :Retail Security SystemOffice No-12, 586/D,Kalkaji, New Delhi-110019Phone : + 91 11 26419240Mobile : +91 95824 20290, 98109 48921E-Mail -firstname.lastname@example.org