According to a study by The National Association for Shoplifting Prevention, there are approximately 27 million shoplifters (that’s 1 in 11 people) in the United States, and in 2014 alone, shoplifting and fraud accounted for over $44 Billion in losses for businesses. Fingers point to a struggling economy and high unemployment rates as a reason, but in reality, shoplifting is present in any economy. So what exactly are shoplifters stealing?
Have you ever gone into the grocery store looking for a razor only to find that the razors aren’t next to the shaving cream but actually located next to the cash register? The reason being, razors are among the list of most stolen items in the U.S. You might be surprised at what else thieves are actually targeting at your business.
Let’s take a look at the top 22 stolen items of 2014, broken down into 6 categories:
- Groceries: Cigarettes, energy drinks, high-end liquor, infant formula
- Health and Beauty Supplies: Teeth whitening strips, pregnancy tests, razors
- Electronics: GPS devices, laptops/tablets, cameras/recorders, cell phones
- Clothing: Denim pants, designer clothing, designer handbags
- Medicine: Allergy medicine, diabetic testing strips, pain relievers, weight loss pills
- Home Supplies: High-end vacuums, high-end appliances, mixers, children’s electronics, toys, laundry detergent
This list of the top 22 most stolen items includes everything from high-value electronics (which is what you would expect to see on this list) to odd items you wouldn’t expect shoplifters to target , such as diabetic testing strips and infant formula. For the most part, thieves are targeting small items that are easily concealed and have a high resale value.
How to Prevent Shoplifting
So what does this mean for the business owners?
It’s apparent that shoplifting is rampant, with 88% of businesses being affected in 2014. While you may not be able to completely stop shoplifting at your business, there are measures you can take to make it much harder for shoplifters to target your business and exit with your merchandise.
One of the most effective ways to prevent shoplifting is to install a security system with CCTV. Not only will the presence of security cameras scare away potential shoplifters, you will also be able to monitor your business at all times with mobile security integration.
For more information on how to stop shoplifters, check out these 5 retail security tips to prevent shoplifting. And when you’re ready to add a security system to your business, give Herring Technology a call at (615) 846-2380.