With everything that is involved in running a business day to day, safety and security are sometimes left as the lowest priority. Not addressing these concerns can make your business vulnerable to security issues. To ensure your business, your equipment, and your employees are safe, consider hiring a security guard to improve your security presence. Having a guard on-site can benefit your business in several ways.
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.