Retail Shrinkage – Costing British Business Billions A Year

We are extremely proud to say that our security tag solutions are invaluable to some of the UK's leading businesses and retailers. In fact, Tagmax are one of the UK's leading providers of retail security. So if you're in need of a new retail loss prevention solution in order to combat the impact shoplifting has on your business, get in touch with the Tagmax team today by calling our security specialists on 0800 044 3160.

Retail Shrinkage – Costing British Business Billions A Year

Retail shrinkage is loss of inventory that occurs as a result of shoplifting, employee theft, admin error, vendor fraud, and damage in transit.Whilst shrinkage cannot be fully avoided, it is possible to take steps to reduce and mitigate the impact it has on your business.

Retail businesses in the United Kingdom have the worst case of retail shrinkable in Europe, with over 1000 daily incidents of shoplifting, causing UK businesses to lose almost 11 billion pounds annually, to put that into some context, that's more than the GDP of the Caribbean country Dominica (which was 562.5 million USD in 2017).

Protect Your Business From Shoplifters; What Can Be Done?

“In England and Wales there were over 374 thousand shoplifting offences recorded by the police in 2018/19." [source Statista] As such, it's understandable that businesses are looking for ways that they can minimise the amount of product stolen by shoplifters from their stores.

One solution is to use visible security systems in order to deter shoplifters from stealing your product. Sometimes all that is required is to inform the shoplifters that your business is not an easy target. This can bed one through numerous different security systems, visible pedestals at the store entrance, visible CCTV cameras, or even just a simple solution such as signage. After all, an easily visible sign warning shoplifters that they will be prosecuted can be a very effective theft prevention tool.

It's also important to recognise the deterrent power of measured markers. These markers are used near exits so that CCTV recordings and security staff can provide a more accurate estimate of the shoplifter's height. Not only will security features like this help describe an offender when seeking prosecution, but the presence of these measured markers will provide a deterrent. It's not unreasonable to suggest that a would-be-shoplifter could see these markers, and decide against stealing from your store due to the security precautions.

How Can Tagmax Help?

Here at Tagmax, we specialise in anti-theft and retail loss prevention services such as retail security tagging to ensure that your business doesn't needlessly lose money. There are numerous different security options available for retail businesses in order to protect their products form theft and vandalism, including security tags and pedestals. The pedestal systems available at Tagmax have a minimal false alarm and a high pick rate. We are able to offer three different ranges of tag security, including Xpondr^TM 66Khz, AM - 58Khz and RF - 8.2Mhz. All three of these tagging options can be used to protect both hard and soft retail products, including clothing, DVDs, toiletries, and more.

With Tagmax, you will be able to enjoy a complete, high-performance security product with extremely low service requirements. All work that we undertake is carried out, from start to finish, by our professional team to ensure that your finished product is of the highest quality.

How Can You Protect Your Products Against Detaggers

Whilst security tags and pedestals are powerful shoplifting prevention tools, they are not the perfect weapon; especially if you're relying on an older or outdated security system. For example, for older EAS tagging systems,it's possible to purchase detaggers online, which enable shoplifters to remove tags before leaving the store. This presents a major issue for loss prevention.

Stop Profits Walking Out The Door, Choose Tagmax For Superb Retail Security Tagging

Here at Tagmax, we aim to provide national retail groups with unique, well made security products that prevent theft and reduce shrinkage within their store environment. Our team of retail security specialists.

Your retail security team needs to be supported with the very latest and most effective technology if you hope to prevent loss through effective security solutions. Thanks to the reliable security solutions that we are able to provide, you can deter potential criminals from attempting to steal from your retail establishment, and possibly deter other forms of anti-social behaviour, such as product vandalism. Simply put, without our bespoke retail security, there is no doubt that these retailers would be extremely vulnerable to theft and anti-social behaviour across the country.

For More Information, Please Don't Hesitate To Make An Enquiry

Our security and retail loss-prevention team are here to ensure that your business can protect its employees, customers, property and profits. So if you would like advice or have any questions regarding the security solutions that are available, our team of experts will be happy to help you identify the product that best meets your business' needs.

So,for more information, or to take advantage of our loss-reducing security solutions, don't hesitate to get in touch with our professional team of security specialists on 0800 044 3160Contact UsIf you would like to book a consultation, or if you have any questions or queries, please contact us by calling 0800 044 3160, or use the form below.