the National Retail Security Survey, theft in the retail industry declined in
2011 by more than $2.5 billion annually compared to 2010. But retailers still
lost $34.5 billion from shoplifting, employee theft, administrative error and
retail industry experienced a substantial decline in thefts, there is still
room for improvement – and tremendous potential
for sales opportunities for ESA members. Technologies installed
and maintained by the electronic security industry were cited as a major
reason for the theft reduction, so it’s
up to us to get more retailers on board with security.
have an opportunity to approach retail vendors and make a strong case for
security by offering services that can benefit them long-term. Security
measures, such as video cameras, can help retailers keep an eye on their
merchandise and potentially help increase their bottom line.
electronic security industry can proudly take credit for a large portion of
theft reduction, we aren’t the only industry invested. Retailers should explore
other ways to reduce theft, but having a monitored security system in place isn’t
a bad place to start.