With the holiday season in full swing, store owners and managers should be extra vigilant for shoplifting. Read on to discover some great ways you can safeguard your store against this pesky problem! Shoplifting Prevention Techniques Shoplifting is an all-too-common crime that can cause major financial losses for businesses. It is estimated that shoplifting costs Read More …
The winter holidays are the high point of the year for many retail outfits. As shoppers flood stores intent on finding the perfect gifts for family members and friends, retailers can boost sales for the year and prepare for the slump that inevitably follows in the wake of the new year. Of course, when Read More …
These days, there are plenty of ways for customers to pay for purchases, depending on the options you choose to offer at your retail store. Where cash and checks were once the only ways to pay, consumers can now buy on credit, use bank cards, or even use mobile phones to proffer payment. Still, you Read More …
These days businesses are primarily concerned with complying with applicable privacy laws to prevent data breaches and digital identity theft and fraud. If you run a retail location, however, you also have to worry about POS payments in cash. Just because paying with currency is becoming less common in this credit-driven world doesn’t mean that Read More …
Sometimes it can be the smallest change in retail that can make large impacts. Take door alerts, an often forgotten part of the retail experience. Have you ever considered the effect a simple door chime might have on your business? Let’s dig a little deeper into the power of door chimes. A door chime works Read More …
Retail stores anticipate the high-volume holiday season all year. Although there are, of course, other times of the year when sales are good, there’s no comparison to the spike most retail businesses enjoy in the weeks leading up to the end of the year. Unfortunately, would-be thieves also see an opportunity. When stores are packed Read More …
Profit preservation is the aim of every retailer. Yet shoplifting and employee theft accounts for an estimated $60 billion a year according to Forbes. The good news is that inventory shrinkage–having less merchandise than what your records indicate you should have–is a preventable loss. The overwhelming majority of thefts are opportunistic. What this means for Read More …
Learn how to prevent and deal with employee theft by implementing measures such as comprehensive background checks, cameras, and even prosecution if necessary. Theft is a prominent problem in a majority of businesses. While shopper theft is common in retail businesses, even more common is employee theft. Small businesses deal with the issue of theft Read More …