Reducing shrinkage is key in the retail industry to be successful. Each year in Canada, billions of dollars are lost to shrinkage from causes like product damage, external theft, and unfortunately, internal theft.
While shoplifting is a big factor in the retail industry, it is just one aspect that threatens your bottom line. You must also protect against fire, vandalism, fraudulent injury claims, and physical incidents. Security systems need to be in place for loss prevention, as well as keeping your employees safe in any of these situations.