How to Protect Your Retail Store from Shoplifting with Anti Theft SystemsShoplifting is a serious problem that affects many retail businesses around the world. According to the Global Retail Theft Barometer, the total cost of retail shrinkage (which includes shoplifting, employee theft, vendor fraud, and administrative errors) was $123.4 billion in 2014-2015. Shoplifting alone accounted for 38% of the total retail shrinkage, which means that retailers lost about $46.9 billion due to shoplifters in that period.Shoplifting can have a negative impact on your retail store’s profitability, reputation, customer satisfaction, and employee morale. It can also increase your operational costs, such…
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