Retailers are expected to lose a staggering $50.6 Billion this year (NRSS 2019). Approximately $18.5 Billion of that is from shoplifting alone. That buys enough cans of red bull to circle the earth 32 times. Listen, do you hear that sound? That is the sound of retail loss prevention executives grieving the loss of their merchandise, profitability, and sanity.

 

The five stages of grief (Denial, Anger, Bargaining, Depression and Acceptance) are universally experienced by people from all walks of life and all cultures – including many LP executives across all retail verticals. Not everyone will experience all five stages, or in order. But one thing is certain – retailers are under siege and their loss prevention leaders are suffering as a result. Here we will focus on just three of the five stages.

About Gatekeeper

Gatekeeper Systems’ expanded product suite of intelligent cart solutions offers solutions for EVERY retailer’s needs to minimize merchandise loss, reduce asset and labor expenditures.

Gatekeeper’s loss prevention and cart containment solutions utilize patented locking technology to put an end to cart-based shoplifting, shopping cart loss, and uninformed decision-making. Cart management solutions increase safety and reduce labor costs by maximizing productivity while simultaneously resulting in a positive store image.

Intelligent pushout theft prevention solutions stop thieves and their cart full of unpaid merchandise from leaving the store. Customizable technology allows retailers to defend their entire store or just a high loss department based on the store’s unique layout.

Business Intelligence solutions provide increased visibility for informed decision making. Increase efficiency, optimize fleet size, and perfect the entire customer shopping experience with store and enterprise-level analytics.

Other Articles You Might Like

Loss Prevention and Asset Protection Glossary of Terms
Preventing Pushout Theft: Highlights from the LPF Live Webinar