Frank Costa, President Nexgen Protection Services –

Beyond the financial implications of theft on retailers’ margins and profitability, the escalating levels of violence and the perception of threats of violence connected to theft are also a significant source of concern for retailers.

Given the surge in violent incidents, an increasing number of retailers are prioritizing the safety of their staff by adopting a “hands-off” approach when dealing with shoplifters.

A secure perimeter is the first line of defense against external theft, including theft linked to Organized Retail Crime (ORC). ORC groups use tactics like theft and fraud to steal merchandise in large quantities. These groups can be difficult to identify and catch, making it challenging for retailers to prevent these crimes.

It is imperative that retailers adopt proactive security measures in order to combat the ever-evolving threat of retail crime. By integrating new technologies into current security strategies, retailers can not only address security challenges proactively but also fortify their ability to protect assets, fostering a secure environment for the collective safety of customers and employees. This strategic integration marks a significant step toward a more robust and secure future for the retail sector.

SOURCE:

“Elevating Retail Security: Integrating License Plate Recognition and Audio Detection into Your Safety Strategy”, Loss Prevention Magazine, 12/10/2023.

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