About 54% of business owners report more theft than usual around the holidays. If you’re looking to safeguard your business this season, investing in enhanced business security measures is a good choice.
Here, we’re going to talk about theft prevention strategies for small and large retail businesses alike. Read on to learn how you can protect your inventory and your reputation.
Safeguard Your Inventory
Many stores sell expensive items like electronic devices, jewelry, and household appliances. A single instance of retail theft could cost you thousands if this describes your business.
That’s why it’s important that you lock up your most expensive inventory. A padlock and some thick plastic will make it more difficult for shoplifters to access expensive items and can pre-emptively combat theft.
Set Up Cameras Around Your Shop
Cameras can act as a deterrent for those who would consider shoplifting from your store this holiday season. When criminals see cameras around inventory that they’re looking to snatch, they’ll think twice before trying to steal it. After all, no one wants their face associated with shoplifting.
If someone does manage to steal something, cameras can show you exactly who did it. You can show these videos to the police as evidence of the theft. It will be much easier to get justice.
Test All Security Equipment
Both cameras and electronically-locked gates that safeguard inventory require testing. You need to make sure that they actually work or they’ll be ineffective. Ask professionals how you can test your technology to ensure that it’s all set up and ready to go.
At this point, you also should have someone check all the cameras for obstructions. Many shop owners accidentally place holiday decorations and shelving in front of cameras, rendering them useless. Test the footage so this doesn’t happen to you.
Perform Background Checks on Seasonal Employees
Holiday retail comes with seasonal employee hire, which means that you’ll be giving new people access to inventory.
Make sure that you perform thorough background checks on new hires. Someone with a criminal history may apply for a job so that they can steal merchandise via authorized access. You can use online professional background check tools to ensure that you’re only hiring trustworthy employees.
Invest in Security Patrols
Studies show that only 44% of thieves are deterred by security cameras. However, the vast majority will think twice about stealing if an employee or security guard is physically present.
Make sure that you hire security guards to patrol your store during the holiday rush. Parking lot patrols are also a good idea so that someone can catch thieves that run outside with merchandise.
Enhance Your Holiday Business Security
While the holidays can be a time of great profit, they also invite more theft than other times of the year.
Now that you know how to promote your business security and safeguard your inventory, it’s time to take professional loss prevention measures. Contact BlueChip to learn more about the ways that we can help you protect your retail property today.