Since the health crisis and the emergence of geopolitical tensions among our neighbors (war in Ukraine, Brexit, Palestine-Israel), inflation has hit French purchasing power hard, with soaring prices for energy and certain raw materials. The inflation rate was 5.2 % in 2022 and 4.9 % in 2023 (1). This rise in prices has a significant impact on consumers, businesses and the economy as a whole.
As an unfortunate consequence, we're seeing increase in shoplifting in the retail sector, with significant financial impact for companies. Food staples such as meat, protein and cheese are particularly targeted, but thefts also involve a wide range of goods, with razor blades, perfumes and make-up topping the list, which are sometimes resold on online platforms to boost families' meager purchasing power.
Shrinkage due to theft is a real challenge for retailers, who also have to cope with increased losses and, consequently, additional pressure on their margins. This situation contributes in part to higher product prices, as companies seek to offset their losses by passing on part of the cost to consumers.
Faced with this problem, a number of solutions can be envisaged to prevent and reduce shoplifting.
PREVENT : equip yourself with video protection, as we offer at Lease Protect France.
Our technology LP Predict detects pre-recorded and qualified suspicious behavior and immediately alerts security managers. This innovative technology also offers features for analyzing footfall and mapping strategic hot and cold zones, thus facilitating store management.
At the same time, other measures can be put in place, such as :
- regular emptying of tills at random times,
- installation of a safe,
- optimizing store layout to limit shadows,
- wide aisles (a technique used by the well-known Baron Haussmann in Paris to prevent revolts),
- staff training in vigilance and regular checking of protection systems.
With regard to this last point, our video protection tools are designed to automatically alert you when a component becomes defective.
We advise you to pay particular attention to sensitive products, using appropriate anti-theft labels and reinforcing security around their storage and presentation in the store.
To combat shrink and reduce the risk of shoplifting: get professional help.
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