A recent report by inside retail notes that store theft has experienced the fastest year-on-year increase since the records began in 1995, increasing by as much as 23.7% in some states.
This has been largely attributed to the surging cost of living in Australia, and with inflation showing no signs of slowing down, it is highly likely that there will continue to be a high prevalence of theft for all retailers.
What is the best way to prevent theft in your business?
Implementing a security system in a retail business offers several advantages.
Firstly, it serves as a deterrent to potential thieves. The presence of visible security cameras, alarms, and other security measures can discourage theft attempts and create a perception of enhanced security.
Secondly, a security system provides surveillance and monitoring capabilities. Cameras placed strategically in key areas of the store can capture any suspicious activity, helping to identify and apprehend thieves. This footage can also serve as valuable evidence during investigations or legal proceedings.
Additionally, a security system allows for quick response to security breaches. Alarms and notifications can alert store personnel or security personnel in real-time, enabling them to respond promptly to any potential theft or security threat.
Moreover, a comprehensive security system can help in reducing internal theft. It can monitor employee activities, deter employee theft, and provide evidence in case of any misconduct or theft by staff members.
Overall, implementing a security system not only protects a retail business from theft but also enhances the overall safety and peace of mind for both the store owner and customers.
Jim’s Security provides security and loss prevention measures for numerous retailers Australia-wide. From large scale, multi-site business to small independent stores – We’ve done it all. Contact Jim’s Security to protect yourself, your staff and your bottom line.