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In the time it takes you to read this page, shoplifters will steal about $40,000 from retailers
Every minute, more than 1,500 shoplifters strike, each taking an average of $25 in merchandise. Worldwide, shoplifting means lost sales, higher inventory costs, and tighter margins all of which can be disastrous in today's increasingly competitive marketplace. According to the Journal of Consumer Research, 60% of all consumers have shoplifted. Shrinkage costs retailers an estimated $30 billion annually.
Fortunately, retailers CAN stop shoplifters and cut shrink.
Electronic Article Surveillance (EAS) systems have been proven to protect your merchandise against shoplifters. Small security tags, applied to high-theft merchandise, alert retailers when shoplifters try to take stolen items through electronic sensors at exit doors.
Surveys show that has much as 1.93% of apparel sales are lost to shrinkage. Shoplifting and internal theft erodes profits and prevents open merchandising of high-theft, high-margin items. The same surveys show that EAS and CCTV systems can have a positive impact on curbing those losses. In fact, Customers report shrink reductions of 25% to 50% and even higher, along with double-digit sales growth, seeing a return on investment in less than a year.
TAG Company is doing its part to fight Retail Crime by making information readily available from many different sources. Please use this information on these pages to support your Loss Prevention Program.
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