Milestone News

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.

Successfully managing and tracking assets is also a difficult task to achieve. In the past spreadsheets, barcodes, and a large portion of manual labour and time was used to keep track of a business’s assets. Unfortunately, this also meant that there were many mistakes and miscalculations because of human error.

One cannot always prevent an employee from receiving an unexpected bill or forming an addiction; however, measures can be put into place to make it difficult for employees to steal. We discuss how inventory systems can reduce stock shrink and prevent employee theft

Foot traffic counting is the simple exercise of counting how many customers are walking in and out of a store at any given time. There are devices that have been designed to perform this task which can record when customers enter and exit a store, and what the foot count in the store is or was throughout the day. These devices are also referred to as head counters, feet counters or people counters.