Theft is a very real threat that every retailer encounters, and it can come in the form of shoplifting, organised retail crime and dishonest staff.
According to the Australian Institute of Criminology (AIC), there are approximately 7.3 million incidents of shoplifting per year. It is estimated that each retailer will experience about 40 incidents of shoplifting to a value of $110 per incident. This all adds up, and is even more worrying in the current retail financial climate.
The most common methods of shoplifting include leaving the store while carrying or wearing the stolen item, hiding or wearing the items under another piece of clothing, hiding the item in bags, umbrellas or prams, and switching price tags in order to pay less.
Suspicious behaviour, such as acting nervously, tugging at one's sleeves, adjusting one's socks, having an unusual walk, rubbing the back of one's neck, intently watching the sales staff or wearing big coats in inappropriate weather are all telltale characteristics of shoplifters.
The location of the shop, the types of goods sold, and the shop layout and its display features can all contribute to how vulnerable a store is to shoplifting, but there are some easy, practical ways to deter shoplifters by making it more difficult to steal without being caught.
SI Retail's magnetic security system - the Stop Lock - will keep your valuable stock safe while still allowing your customers to look at and feel the product. The Stop Lock suits hooks up to 6 mm thick and works on all of SI Retail's display hooks. A Stop Lock key is required to remove the Stop Lock from display hooks, ensuring that your products are protected and less prone to theft. The Stop Lock is ideal for hardware, electronic stores and any retailer with valuable stock in secure packaging. This particular display hook security system isn't bulky and can fit SI Retail's pegboard and metalboard display hook range without detracting from the product itself.