4 Simple Loss Prevention Techniques for Your Retail Space

The inventory in your retail space is the lifeblood of your Bethlehem, PA business. Saucon Insurance Agency offers these tips to help you reduce theft and preserve profits.

  • Keep your eye out for common stash spots. Thieves often hide merchandise in strollers, purses, umbrellas, or underneath loose clothing. Visually inspect large bags and items as customers walk in. If it looks twice as big on the way out, you still have time to retrieve your goods.
  • Look out for price switching. Some savvy thieves will pay for the item. However, they will switch the price tag with one from another, cheaper item before approaching the register. Make sure to look at the tag before ringing each item through. Include information on each price tag that identifies the item it matches.
  • Control fitting rooms. In clothing stores, criminals sneak into fitting rooms to stash stolen goods into bags or clothing. Don’t allow your customers to go into fitting rooms without first inspecting the items they intend to try on. Limit customers to a certain number of garments at a time.
  • Include security in your customer service. Make it a point to greet each person as they walk in the door. If possible, have someone near the door who makes eye contact with each individual. Floorwalkers should frequently ask browsing customers if they need help.

Ensure your checkout space is close to the exit. This simple strategy makes it harder for thieves to walk by without being spotted. If the register is ever unattended, place it behind a barrier to decrease the chances of someone tapping your till.

The right combination of commercial insurance policies are another important part o your business protection plan. Saucon Insurance Agency offers customized commercial policies in the Bethlehem, PA area. Contact our offices for more information on protecting your retail inventory.