If you ever had any question about the value of video surveillance and cctv in retail business, your questions have been answered. According to the 28th annual Jack L. Hayes International Retail Theft Survey, 30% of survey participants reported an increase in shrink in 2015. The good news is that apprehension has also increased steadily over the last decade.
Retail Theft is a Huge Problem
Studies show that retail theft by both shoplifters and employees continues to plague the retail industry and according to the most recent compiled data, resulting in $32 billion lost in 2014 alone. Even more shocking, up to 47% of the loss is due to employee theft.
Apprehension Rates Are Up
While the problem of theft is not going away, the good news is that apprehension of shoplifters and dishonest employees has gone up 9 out of the last ten years. In 2015, 1,170,056 shoplifters were apprehended, up 2% from 2014.
Video Surveillance and CCTV Plays an Important Role in Loss Prevention
In any retail business, video surveillance and cctv systems play a critical role in theft prevention. Here are three important ways a sophisticated video surveillance and cctv system provides layers of protection against retail theft.
Visible video surveillance systems are a strong deterrence against theft because thieves do not want to get caught. If there is overt surveillance the assumption is that there are also covert cameras as well as other security measures in place.
Mobile video access allows retail store owners to check in on the daily operations of the business or be notified when prohibited areas are accessed.
Having a clear physical view of the store can provide valuable information about how theft is happening which provides a clear direction on how to correct the problem.
S-Tron Security is a national security systems integrator with local, professional service and installation. Our clients include national grocery store, c-store, and retail store franchises.
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