Planning for event security is one of the most crucial factors when it comes to event organization and risk management. Generally speaking, one of the top priorities on an event planner’s project checklist should pertain to the safety and security of the event’s patrons and attendees at large.
According to the National Retail Security Survey on retail theft, losses in inventory cost retailers more than $49 billion in 2016. The primary source of these losses was due to shoplifting, which accounted for 38% of retailers’ shrinkage in 2014, followed by employee theft which resulted in 34.5% of shrinkage that same year. It is important to recognize where your store might have weaknesses and address them to help avoid losses to your profit, inventory, and information. These are 5 loss prevention mistakes retailers make.