12 retail theft prevention suggestions for your small business – TruShield

You won’t realize it, however theft remains to be a standard situation for retail companies in Canada. In actual fact, theft dedicated by each prospects and employees prices Canadian retailers billions of dollars a year.

That can assist you cease shoplifters of their tracks, we’ve outlined some key retail theft prevention suggestions for your small business:

1. Set up a welcome bell at your door that can assist you hold monitor of who’s getting into your retailer.
2. Make your presence recognized to beat back suspicious buyers. A pleasant greeting to your prospects can’t solely make reliable prospects really feel welcome but additionally discourages any potential shoplifters.
3. Comply with up with buyers after greeting them. If a shoplifter is engaged usually inside a retailer, they’ll assume twice earlier than they shoplift merchandise. This additionally has the additional benefit of making certain prospects really feel they’ll ask you for help in the event that they want it.
4. Evaluate your retailer’s format to verify there are not any blind spots and that there’s ample lighting. You may additionally wish to think about elevating your gross sales counter for higher visibility. This will help hold potential shoplifters inside your line of sight.
5. Preserve costly objects close to the checkout counter. Sure objects in your retailer could also be prime targets for shoplifters. Putting costly merchandise close to the checkout counter lets you carefully monitor them and minimizes the chance for theft.
6. Use electronic tags on all your merchandise to detect non-purchased objects that exit your entrance door.
7. Arrange safety cameras that can assist you seize footage of all areas in your retailer. Surveillance systems or closed-circuit tv (CCTV) cameras could be extraordinarily useful, particularly while you’re busy serving to prospects.
8. Provide to put issues in a becoming room. You’ll be capable to monitor the variety of objects being tried on and certain discover if one thing goes lacking.
9. Provide to put merchandise behind the register counter. This lets you hold monitor of merchandise simply.
10. Have one exit and entrance. If there’s just one means in and a method out, will probably be simpler to see who’s coming and going out of your store.
11. Take note of worth tags when a buyer pays. Though it’s not shoplifting, it’s a type of retail theft if a buyer alters worth markings. Additionally, be sure you situation prospects receipts after they pay or are refunded, in order that shoplifters can’t return to the shop with a stolen merchandise and demand a refund or retailer credit score.
12. Rent an ample variety of workers. With extra eyes looking for shoplifting, the higher probability you’ve gotten of catching somebody within the act. For larger shops, hiring extra workers may very well be useful. Plus, extra workers can help with different duties too, like re-stocking cabinets and aiding prospects.

Defend your self and your retail enterprise

By implementing these retail theft prevention suggestions, you possibly can assist to cut back the chance of shoplifting and shield your backside line. Nonetheless, even with the perfect prevention measures in place, theft can nonetheless happen. That’s why it’s necessary to have the precise insurance coverage protection in place. Be taught extra immediately by visiting our retail insurance page!

This weblog is supplied for info solely and isn’t an alternative to skilled recommendation. We make no representations or warranties relating to the accuracy or completeness of the knowledge and won’t be answerable for any loss arising out of reliance on the knowledge. Phrases, circumstances and exclusions apply to protection. See coverage for particulars.