It doesn’t matter where you are in the world – New Jersey, Tel Aviv – retail theft is a cost of doing business.
More than $13 billion worth of goods are stolen from retailers each year, which amounts to an average of $35 million stolen per day, according to the National Association of Shoplifting Prevention. In additional, habitual shoplifters steal an average of 1.6 times per week, and they report that they are caught an average of only once in every 48 time they steal. How can an investment in surveillance help to mitigate an enterprise’s risk of retail shrink, whether from shoplifting risks, employee error, or premeditated crime?