The same way things mysteriously went missing in the Bermuda Triangle, merchandise in your retail store can also disappear in what’s known as the Theft Triangle.
Composed of three components, the Theft Triangle ultimately determines whether a shoplifter attempts to steal an item or not. The three factors are:
- Need — the perceived need for an item
- Risk — low risk of getting caught
- Opportunity — easy access to the item
To improve loss prevention efforts in your store, it’s important to create an active deterrent that is both effective and simultaneously welcoming to honest shoppers — not the easiest of feats.
In the latest white paper from Tyco Retail Solutions, learn about Electronic Article Surveillance (EAS) and the key elements required for an effective return on investment, plus how to use technology, information and store personnel to make a loss prevention program most effective.