Milestone News

RFID (Radio Frequency Identification) allows for better inventory control through faster and more accurate stock takes. We discuss out RFIDs are the perfect retail security systems.

Stock shrinkage, shoplifting or just straight-up stealing; whatever you call it, it’s bad for business. Although most business owners have accepted that theft comes with the territory, there are several shoplifting prevention strategies a business owner can integrate to reduce shrinkage.

There are a wide variety of prevention methods that one can implement in order to prevent theft. In this article, we will discuss anti-shoplifting devices and why you need them.

Shoplifting can be a cause of massive financial loss in a business if it occurs repetitively. It is also something that almost every retailer has fallen victim to at some point, whether they caught the culprit or picked up discrepancies when stock take was performed.

As a consumer, touching, testing, and experiencing a product is part of the fun of a shopping experience. Buyers are more inclined to make a purchase after interacting with a product in person. Indications from retailers are that placing products on open display can increase sales by 30% – 40%.

Shoplifting prevention systems allow retailers world-wide to increase profits, decrease shrinkage, and enable store employees to focus more on what’s really important – the customers.