Retail Loss Prevention Security Systems in Bloomfield & Cedarvale, NM

Retail loss prevention is one of the main determining factors to retail success and profit. Despite huge investments in your store’s fit-out, marketing, and sales staff, stock theft is ultimately the major interruption to achieving top sales and revenue. Unfortunately, there is an increasing trend in shoplifting – both external and internal.

Effective loss prevention systems allow retailers to leverage smart technology to significantly reduce shoplifting and the array of costs associated, such as after-hours stock takes any retailer with a shrinkage total of over 1% can implement a basic retail loss control system to add that loss straight back to the bottom line. Depending on your store’s size and turnover, this could mean a figure in the hundreds of thousands.

Thompson Satellite & Security is your go-to company for retail loss prevention security systems in Bloomfield & Cedarvale, NM.

Different Types of Retail Loss

security camera and face recognition people in smart retail store retail loss prevention security camera

Let’s get to know about the kinds of frauds in retail shops. There are different kinds of thefts that you must be aware of. These are internal theft, external theft, administrative errors, and supplier fraud. Moreover, these types are typical for the warehouses too. Therefore, the loss prevention methods applicable for the retail stores will hold good for warehouses too. Thus, if you store the excess stock in the warehouse, be very cautious about the frauds.

Internal theft refers to shoplifting involving shrinkages in the products without much notice from the owner. Generally, the internal employees have links with these kinds of thefts. Some examples include fake return claims, fake gift cards, and many more. On the other hand, External theft comprises more than 36% of the entire shoplifting. Stealing some items and returning them for more cash is one of the popular schemes in this regard. Another way is purchasing more merchandise by counterfeiting.

Why Choose Thompson Satellite & Security?

With almost two decades of experience in both residential and commercial settings, Thompson Satellite and Security has accomplishments that include over 3,000 satisfied customers. It is a family-owned business offering a one-stop shop for your security system, satellite, television, and internet needs. Our journey by far has been a wonderful one due to the dedicated services and security devices we provide. Contact us today or call us at 505-587-8191 to know more details in Casa Blanca, Farmington, Mountainair, Pinehill, Rio Rancho, and other places in our New Mexico Service Area.