- What is EAS System?
- Retail Security Merchandise Solutions
- Loss Prevention Benefits
The Need for Security in the Retail Industry
EAS System (Electronic Article Surveillance System) is a security technology primarily used in retail to protect products from theft and minimize inventory losses and is is designed to detect and alert employees when an item marked with a tag or security device is removed from the store without being paid for.
How much loss does a store incur by not having EAS System?
Stolen or damaged products may lead stores to raise prices on other items to compensate for losses, potentially reducing sales volume and affecting customer perception. Furthermore, frequent thefts and damages might necessitate more security personnel, so operational costs increase.
Stores selling electronics or high-value items, such as branded clothing or perfumes, may be more susceptible to theft, increasing this percentage.
Lack of protection leads to lost sales opportunities and profits due to missing or unsellable products, affecting inventory turnover and availability of high-demand items.
Stolen or damaged products may lead stores to raise prices on other items to compensate for losses, which can potentially reduce sales volume and affect customer perception. Additionally, frequent thefts and damages might necessitate more security personnel, so operational costs increase.
What is the impact of not having adequate security in Retail?
Frequent theft damages customer trust and sales, with NASP reporting 35% of retail losses in 2019 due to customer theft.
Internal theft accounts for 33% of losses, highlighting the importance of security measures to prevent both internal and external theft.
A Checkpoint Systems study found that over 60% of retailers reported theft losses impacted their ability to maintain desired inventory levels.
Common challenges faced by retailers
- Losses from Theft
- Damage to Merchandise
- Loss of Sales Opportunities
- Increased Operating Costs
- Negative Impact on Store Reputation
- Difficult Inventory Management
Components of a Quality Security EAS System
- Labels
- Hard Tags
- Detachers
- Deactivators
- Pedestals
- Wraps and Caps
Discover the Components and Uses in Each Category for Loss Prevention
Download all the information you need for free to know which equipment you need. Discover their benefits, applications, variety, and technology to protect your merchandise.
Benefits of Implementing EAS Systems in your Store
Reduction of Losses
- In many cases, stores that implement an adequate security system have seen a reduction in losses of up to 30% to 60%, depending on the effectiveness of the solution and the type of business.
- For example, if a store generates 1 million dollars in annual sales and loses 1.5% due to theft and merchandise damage, that amounts to 15,000 dollars a year. If it implements an effective security system that reduces those losses by 50%, it could be recovering 7,500 dollars a year just from protection against theft and damage.
Improvement of the Customer Experience in Retail
When customers perceive that a store is secure, they are more likely to stay longer, explore more products, and make purchases. The feeling of security is crucial to improving the shopping experience.
Sensormatic’s solutions include advanced tags that can be easily deactivated at the time of payment. This helps streamline the checkout process by avoiding false alarms when customers leave the store.
By reducing inventory loss due to theft or damage, stores are less likely to run out of stock, thus improving customer satisfaction. Customers can find the products they are looking for without frustration.
Operational Efficiency in your Store
By reducing losses, retailers have less need to replace stolen products, which optimizes inventory management and ensures that products are available for customers. This means less time and resources spent on controlling losses and replenishing products, allowing employees to focus on more productive tasks.
Sensormatic solutions can integrate with inventory management systems, providing real-time information about the store’s inventory status. This helps maintain more accurate inventory, reducing the likelihood of stockouts and improving purchase planning.
Sensormatic tags can be quickly deactivated at the time of payment, meaning there are no delays at checkout. This reduces wait times in line and speeds up the customer exit process.
By implementing automated monitoring and theft detection systems, employees don’t have to be focused on potential incidents and can concentrate on other essential operational tasks, such as customer service or product replenishment.
Protection of Assets
El monitoreo constante asegura que los productos sean manejados con cuidado y que, en caso de que algo ocurra, la tienda pueda ser notificada rápidamente.
What is next?
Now that you know which security equipment you need for your store, it’s time to acquire and implement them to improve multiple areas of your store.
If you still have doubts or prefer professional advice, contact us right now and we will help you with everything you need.
