Video Security for Retail Businesses
No matter the size of your retail store or the amount of customer traffic you get on a daily basis, it’s vital to protect your business operations and ensure safety for your customers, employees, and vendors. While there are many aspects of store security to consider, the cornerstone of any retail security plan is a professionally installed video security system. You have many options for video surveillance, so it’s important to do your research and partner with a qualified security provider. Working with an experienced security pro ensures that you’ll have a retail security system that provides maximum value for your dollar, as well as loss prevention, risk management, court-admissible video evidence, and more.
Professional Security System Design and Installation
Elite Security specializes in designing, installing, and maintaining commercial video security systems for retail business owners. We can equip you with the tools you need to protect against theft and shrinkage, keep employees and customers safe, and monitor your business 24/7 – from anywhere you happen to be. Our experienced team can assess your security needs, design a customized video security plan that fits your store footprint, and professionally install your system, providing peace of mind for years to come. We work with many types of retail businesses, including these and more:
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Apparel stores
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Automotive repair shops
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Bars
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Big box stores
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Convenience stores
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Grocery stores
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Hotels and motels
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Jewelry stores
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Liquor stores
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Pharmacies
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Restaurants
Secure Your Retail Business with Elite Security
Learn how we can help protect your retail business against theft, shrinkage, break-ins, vandalism and other security concerns. Contact us today for a retail security needs assessment with one of our expert technicians.
The Cost of Retail Theft
When it comes to theft, retail stores are one of the most frequently targeted establishments. The average retail business with $1 million in annual revenue will lose about $50,000 each year due to shoplifting, employee theft (shrink) and other criminal activity. And for smaller businesses, the numbers are similar. Even for a business with $100,000 in annual gross sales, that translates to $5,000 in annual loss – a lot for a small business owner to have to absorb.
You may be surprised to learn that the source of retail losses isn't always shoplifting. Here's how retail business loss statistics break down:
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Employee theft accounts for 47%
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Shoplifting accounts for 32%
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Administrative errors account for 14%
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Vendor fraud accounts for 4%
In short, you could be losing money for more reasons than you might suspect, from dishonest workers to honest mistakes. But with a professionally installed video security system from Elite Security, you can help to significantly reduce such losses and protect your business' bottom line. Many business owners see positive results almost immediately after their security system installation is completed.
The Benefits Of Video Security
Installing a video security system is one of the easiest ways to protect your retail business. Along with the most obvious benefit of being able to reduce shoplifting, installing video security can also assist in:
Employee Theft Prevention- Security cameras equipped with point of sale (POS) integration that enables you to identify cashier-related shrink, unauthorized discounts, fraudulent transactions, and more. With point-of-sale integration, your video security recorder extracts transaction data from the cash register and overlays this data onto the video of the sale event.
Robbery Deterrent– Instances of attempted robbery can be significantly reduced when security cameras are present, as cameras are a significant deterrent to criminals. If such an event does occur, you will have court-admissible video evidence with the forensic detail needed for law enforcement authorities to identify the perpetrators.
Enhanced Customer Experience– Having a retail security camera system allows you to monitor employee and customer interactions, employee activities, service levels, traffic flows, blocked aisles, and more. This provides the opportunity to identify areas of your retail floor where traffic flow can be redesigned, merchandising can be improved, and the overall customer experience can be enhanced for your clientele.
Risk Mitigation- Security cameras can also help to reduce the likelihood of fraudulent premises liability (slip and fall) lawsuit claims. They also enable you to identify any safety risks in your store’s layout. This helps mitigate your overall business risk.
Conversion Optimization– Having a “bird’s eye view” of your retail floor can help you to evaluate the overall effectiveness of your advertising, marketing, in-store promotion, and customer interaction. You’ll have a better picture of what's working and what’s not, and you can use this data to make adjustments that lead to increased conversions and sales.
Remote Monitoring- You can use your retail surveillance system to monitor your store(s) 24/7, from anywhere. Whether you're at your home office on the other side of town, or on vacation on the other side of the globe, you can use your laptop or mobile device to check in on your business at any time.
Protection You Can Trust
Your retail business is your livelihood, and keeping your business operations protected should be your primary goal. Overcoming the perils of shoplifting, employee theft, and vandalism requires some thoughtful planning, and the right partner to design and install a retail security camera system that keeps a watchful eye over your business 24/7. Our professional security team at Elite Security is ready to help protect your business.