As a small business owner, nothing is more important than to protect your inventory against theft and damage and providing a safe environment for your employees. In Australia, theft costs retailers billions each year, and for most retailers that number is on the rise. Averaging between 1 and 3% of gross profit, theft can significantly impact the net profitability of retailers, particularly those working on slim margins.
If you own a small business or manage a retail store of any type, you are very aware of the threats you face daily. Internal loss and employee theft, break-ins, organised theft, vandalism and more.
For high-end retailers, stocking and selling valuable inventory such as jewellery, collectibles, and electronics, the risks and potential loss are even greater.