Shoplifting impacts every retail business, from local convenience stores to supermarkets to high-end retailers. No one is immune from this loss, but some companies have a much lower theft rate than others. Have you ever thought, “what are these businesses doing that I’m not?” If so, we can provide you with some insight! At Product [...]
While searching for solutions on how to prevent shoplifting, have you come across the phrase loss prevention devices? When you hear it, what do you think about it? Do you imagine pins, alarming devices, or security cameras? All those tools qualify as loss prevention but take it a step further. Imagine solutions that can reduce [...]
What would you do if you knew you could commit a crime with a minimal penalty? Unfortunately, that's a real scenario many people face when it comes to shoplifting. Plenty of shoplifting laws don't require jail time if the stolen merchandise is less than $1,000. Then when you combine the relaxed rules with the opportunity [...]
When it comes to stopping theft in retail stores, there’s no one solution that fits all options. Instead, many factors contribute to the overall reduction of theft. At Product Protection Solutions (PPS), our team regularly works with businesses of all sizes, from small shops to Fortune 500 companies. Our team uses their loss prevention knowledge [...]
As a retailer, you’re familiar with loss prevention devices (tags, safers, pins etc.) and probably have a few you’re using now. Did you know that using these devices can save you money? Retail loss prevention devices are an essential element of success for any retail business. Learning more about their purpose and importance will [...]
If you’re a small or medium-sized business owner and you’re looking for a loss prevention strategy to reduce your retail shrinkage, you’re in the right place. At Product Protection Solutions (PPS), we’ve developed this retail shrinkage guide to educate you on how to calculate loss and what you can do to reduce its occurrence. [...]
Thanks to advancing technology, businesses have access to numerous loss prevention tools to significantly reduce theft, free up employees’ time, and provide accurate inventory data. Retail security sensor systems that use electronic article surveillance (EAS) are among the best options available for retailers. EAS systems provide a visual deterrent that sounds alarms when someone [...]
Source tagging is when you add the security device to the product at the point of manufacture, so it arrives at the retail location already secured. Source tagging is an alternative option to in-store tagging (where a store employee adds the security device). There are pros and cons to both tagging options. This article will [...]
Developing and maintaining a loss prevention strategy is an ongoing process for any business professional (whether you’re the business owner, finance, merchandising, or loss prevention professional). You will need to adapt to a constantly changing retail environment and make loss prevention changes as necessary. Begin by understanding the company’s needs and goals. This will [...]
