Retail loss prevention involves several strategies to protect your business from theft, shrinkage, and fraud. It can include product protection devices, EAS systems, internal company procedures, and more. Since retail shrinkage is an ongoing concern for retailers, solutions are available to help prevent your losses. Continue reading to learn how to use loss prevention methods [...]
According to the National Retail Federation's 2021 National Retail Security Survey (page 11), the average amount lost in a 2020 shoplifting incident is $461.86. Finding inventory theft prevention devices to protect your high-shrink products could significantly improve your bottom line and increase profits. At Product Protection Solutions (PPS), we provide loss prevention devices that protect [...]
When you're challenged with theft, inventory discrepancies, and other shrinkage concerns, finding a quick and cost-effective solution can help to protect your profits. At Product Protection Solutions (PPS), we are here to assist you. We have numerous loss prevention tools available. If you need a solution to fit a specific goal, we will help find [...]
Retail shrinkage, also known as inventory shrinkage, occurs when the product's inventory number is different from what is physically available. When this happens, you lose valuable money from the sale of that product. Retail loss is a primary concern for many retailers. Learning the leading causes of retail shrinkage and how to prevent them is [...]
Spooky noises, an unexplained phenomenon, or things that go ‘bump in the night’ often occur during this eerier time of year. But the Product Protection Solutions (PPS) team isn’t frightened! In fact, the PPS team goes beyond what is “normal” and is the loss prevention team that you want to call when things get [...]
As retail shrinkage and theft continue to rise, loss prevention (LP) professionals are constantly making changes to protect their store's merchandise. Unfortunately, continually researching the best loss prevention tips and solutions requires additional time that a busy schedule might lack. That's when a loss prevention company can step in and help relieve some of that [...]
According to the National Retail Federation (NRF) Security Survey 2020, “Shrink is at an all-time high, accounting for 1.62% of a retailer’s bottom line — costing the industry $61.7 billion. It cuts deeply across the industry too, with seven in 10 reporting a shrink rate that exceeds 1%.” That number has continued to rise since [...]
