Tag Archives: Checkpoint Systems

Checkpoint Systems’ EVOLVE-Store app provides retailers with real-time Electronic Article Surveillance

Checkpoint Systems, a leading global supplier of merchandise availability solutions for the retail sector, has announced the launch of EVOLVE-Store, a real-time app for smart phones and tablets that supports real-time electronic article surveillance (EAS) and organised retail crime event management.

The app was developed in response to retail customer requests for an easy means of ensuring that store associates leverage EAS investments appropriately, comply with store shoplifting policies and have EAS systems always turned on and operating in the correct manner.

Features in the EVOLVE-Store app enable retailers to measure and improve consumer conversion rates through real-time visibility of the number of shoppers in stores. The app also measures policy compliance by managing response times to alarm events.

By monitoring, measuring and managing an EAS program, retailers can deter opportunistic shoplifters and organised retail crime activity, reducing shrink and increasing shelf availability, sales and profits. In turn, this improves staff confidence and engagement with the EAS program, ensuring a significant improvement on the return on investment.

Additional features include a staff panic alert to request help from colleagues, an EAS night-save feature to save power when the store is closed, the ability to test, mute or disable EAS systems remotely and multi-user logins for each smart device. 

Beyond retailer advantages, shoppers benefit because stores can monitor inventory more closely and replenish ‘true’ out-of-stocks, so merchandise they seek will likely be available on shelves when purchasing online through click and collector buying directly in stores.

Moreover, studies have shown that shoppers feel safer in monitored retail environments.

“Technology should make life easier for both consumers and retailers,” said Uwe Sydon, senior vice-president of innovation at Checkpoint Systems. “EVOLVE-Store accomplishes this with simple implementation and proven loss prevention and merchandise availability benefits that offer advantages to everyone.”

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UK retailers lose £2.7 billion to shoplifting, employee theft, internal fraud and administrative errors in last 12 months

According to the latest Global Retail Theft Barometer, shrink – comprised of shoplifting, employee theft, vendor or supplier fraud and administrative errors – has cost the retail industry more than £81 billion worldwide in 2013 and £2.7 billion in the UK alone. This represents 0.97% of all UK retailer sales on average.

Underwritten by an independent grant from Checkpoint Systems, the research was carried out in 2014 by The Smart Cube and Ernie Deyle, a retail loss prevention analyst. It’s based on in-depth phone and written survey interviews conducted in 24 countries among 222 retailers responsible for no less than £475 billion in sales.

The average cost of retail crime per person (which, unlike shrink, is based on dishonest employees, shoplifters, fraudulent suppliers and the cost of loss prevention) across the 24 countries surveyed ranged from £46 to £338. The annual cost of retail crime to UK shoppers, as passed on from retailers, averages £80.00 per person.

Shrink appears to be down slightly in most countries. The lowest shrink rates were recorded in Norway (.83% of retail sales) followed by Japan and the UK (.97%). The US came in at 1.48% of retail sales, down slightly from 1.50% last year. The highest rates were recorded in Mexico (1.70%) and China (1.53%).

Shrink (comprised of shoplifting, employee theft, vendor or supplier fraud and administrative errors) cost the retail industry more than £81 billion worldwide in 2013

Shrink (comprised of shoplifting, employee theft, vendor or supplier fraud and administrative errors) cost the retail industry more than £81 billion worldwide in 2013

Russell Holland, vice-president of sales for the UK and EMEA distributors at Checkpoint Systems, said: “Over the last year, retailers in the UK have been taking great strides and made substantial investments in the fight against retail crime. Many UK retailers reported that improved security methods have helped them to keep losses under control. We’re also seeing retailers invest in their employees’ education and understanding of loss prevention, marking an encouraging step in the fight against retail crime in the UK.”

While shoplifting remains the biggest cause of all retail shrink in 16 of the 24 countries surveyed, here in the UK both administrative and non-crime losses ranked first (at 36.5%) with shoplifting next on the list (at 25.3%).

Stolen merchandise: the most popular items

The most-stolen items across Europe are those products that are easy to conceal and harbour a good resale value, such as fashion accessories, wines and spirits. Other frequently stolen products include power tools, mobile accessories and make-up products.

Survey respondents state that source tagging – the application of EAS or RFID labels on goods prior to their arrival at retail stores – has increased around the globe. Such tagging is currently used on high value and high theft items like meat, health and beauty products and alcohol.

80% of UK retailers are source-tagging up to 10% of products. A further 20% are source-tagging over 20% of all merchandise. In addition, 50% of European retailers plan to increase the number of source-tagged SKUs.

According to The Smart Cube: “This report provides detailed descriptions of the sources of shrink and helps retailers understand the most cost-effective ways of addressing their problems. A number of Best Practices emerged from our research, including appropriate spending ranges to address the issue.”

Alcohol is a prime target for thieves

Alcohol is a prime target for thieves

“We’re pleased to support this global statistical research for the thirteenth year,” said Per Levin, president and chief sales officer for shrink management and merchandise visibility solutions at Checkpoint Systems. “Our hope is that retailers can learn more about the causes of shrink and work with their suppliers and solutions partners to create joint programmes designed to reduce shrink and its associated costs.”

Interested parties can obtain a copy of the latest Global Retail Theft Barometer report by logging on at: http://www.GlobalRetailTheftBarometer.com

*Retailers wishing to participate in next year’s Global Retail Theft Barometer study may register here

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