BizSugar.com › News › 4 Ways to Prevent Shoplifting in Your Small Business

Being a brick-and-mortar retailer these days is challenging enough, especially with competition from eCommerce sites. The last thing you need is to worry about losing sales to shoplifters.
But according to Sennco Solutions, more than $35 million worth of retail products are stolen every day. That adds up to $13 billion a year.
There are two types of shoplifting. Organized retail theft is the work of shoplifting rings that resell the items; they typically target bigger retailers. Small retail stores are more likely to be the target of opportunistic shoplifters, people who don’t walk in planning to steal something, but spot an opportunity and decide to grab an item. By some estimates, nearly three-fourths of shoplifting events fall into this unplanned category.
How can you protect your store from shoplifters of both kinds? Try these tips.