Whether you are the owner of a small retail store or the CEO of a major company, you know the margin between success and failure can often ride a fine line. When a business continues to experience loss in a specific area, the results can be detrimental to the company. No matter what size the business, a loss is a loss and always counts against your bottom line. Anything from shoplifting, warehouse theft and embezzlement will bring a business down.

Shoplifting

Retail shops encounter the hassle of shoplifters more than any other sector in business. Shoplifting accounts for a large percent of all reported crime. A large segment of the population has shoplifted and businesses lose an estimated billions each year to shoplifting. Unfortunately, shoplifting is a serious and persistent problem for most retailers. A percentage of retail customers have the potential to shoplift. Some of the most problematic are professional shoplifters, or boosters, who steal high valued items in order to resell them. Among the most commonly stolen items are tobacco products, athletic shoes, name brand clothing, small appliances, jewelry, leather goods and food items. If proper steps are not taken to prevent shoplifters from successfully stealing from your shop, the consequences can lead to a serious and hefty expense to your bottom line.

Ware House Theft

A large percentage of retail inventory shrinkage comes from employee theft. It is a much bigger problem than most retailers think. Business owners should not overlook this problem because it happens more often than not. Without substantial evidence, there is no reason to believe that your employees are thieves. However, it is an unfortunate truth that some employees do steal from their places of work. For your warehouse, the losses are almost entirely internal, there are no customers to shoplift, and external thieves often work with an employee to gain access and information. Warehouse theft is a direct threat to your inventory and profit. It costs you in lost inventory, higher insurance premiums and a higher employee turnover rate.

Embezzlement

Often times when a business decides to cut back on costs, they increase their chances of being victims of fraud. In any economic downturn, the incentive or pressure to commit fraud is increased. Financial pressures increase, unrealistic corporate targets are set and some employees feel the need to impress their employers. Often the result is the employee defrauding the company for their personal benefit, or resorting to fraudulent activities on behalf of the company to ensure success for their organization.
 
Loss Prevention experts at Advanced Private Investigator and Security implement a plan that works for your business. Contact us today to help stop shoplifting, employee theft and embezzlement in your business. We are experienced and professional in keeping your business in the black.