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. [...]
As the cost of living continues to increase, we expect that theft will rise alongside it. For example, you might see the average person trying to meet their basic needs by stealing food or personal care items. Or you might see an increase in Organized Retail Crime (ORC) groups stealing in-demand products so they can [...]
Shrinkage impacts businesses of all sizes, the type of merchandise or marketplace trends doesn't change that fact. Loss prevention companies are available to help combat shrinkage and prevent theft by providing products that assist in those efforts. However, there are various solutions available that, without the experience, can make it challenging to determine the best [...]
When you begin searching online to purchase anti-theft devices for retail stores, you’ll find various options from different styles to sizes. If you’re not familiar with the tools available, you might be unsure of the right choice for you. Instead of trying to select the product yourself, you can talk to someone who is [...]
Shoplifting is a concern for all business owners, and clothing stores and boutiques are no exception. Protecting your business from amateur and professional thieves can mean the difference between making a profit or losing money. Unfortunately, finding an anti-theft system for clothing stores can be overwhelming. There are many to choose from, and finding the [...]
Loss prevention allows you to protect your business from external and internal theft, administrative errors, and even vendor fraud. It’s a 360-degree approach that preserves current profits and can even increase your bottom line. This article will educate you on five successful retail loss prevention techniques and explain why incorporating loss prevention strategies into your [...]
The 2020 National Retail Security Survey showed that theft, fraud, and retail shrink losses totaled $61.7 billion in 2019. This growing trend hasn't slowed down, even with 2022 only a few weeks away! For all supermarkets, fashion outlets, and retail stores, if you haven't maintained (or even began) a loss prevention strategy, now is the [...]
