Explore the world of Electronic Article Surveillance (EAS) systems and learn how they can bolster your retail store's loss prevention strategy.

Retail shrinkage, or the loss of inventory due to various factors, continues to be a major concern for retailers worldwide. In the U.S. alone, shrink in 2021 reached a staggering $94.5 billion, up from $90.8 billion in 2020, according to the National Retail Federation.

In this blog, we will explore the various types of EAS security tags, their benefits, and how they can be integrated into your retail business to reduce theft and improve profitability.

Discover the benefits of Electronic Article Surveillance (EAS) security tags and how they protect your store from theft.

EAS tags play a critical role in the successful implementation of an effective EAS system for clothing retailers. Many EAS tags are designed to be versatile, but it's still important to find the tag that is best suited for each item.

It goes without saying that shoplifting in retail settings increases during the holidays. Every year shops lose millions of dollars due to theft, and these heavy losses play significant roles in hitting one’s bottom line, and hampers retail teams from achieving their growth goals.

No matter what sector you’re in, your business’s profitability depends on a host of factors, from your relationship with your suppliers to current trends among consumers. When it comes to retail, supporting your profitability involves more than just selling as many products as you can.

A successful loss prevention strategy is critical to a grocery store’s profitability. Data from 2020 shows that for grocers, retail shrink makes up 2 to 3 percent of an average grocer’s revenue, a significant share when profit margins are often very narrow.

If you manage a retail store, you know full well how devastating shoplifting can be to your bottom line. According to a 2020 National Retail Security Survey, shrink was at an all-time high with costs to retailers hovering around $61.7 billion. As we ride through the COVID wave, shoplifting continues to rise, as the unemployment rate has been impacted by the virus and people are more desperate for goods but have thinner bank accounts.

As a retail manager one of your many responsibilities is to increase sales and profits by reducing shoplifting. Ever since COVID-19 broke out, reports across the country indicate that shoplifting percentages have exploded, and retailers are losing millions of dollars. There are a number of reasons why partnering with a company like CONTROLTEK that manufactures EAS tags for retail stores is important to both protect your profits, and offer customers a better shopping experience. This article will explain the value of having EAS tags in relation to giving your customers a positive environment in which they can try on and purchase products, as well as how EAS tags can significantly reduce losses caused by theft.