RETAIL SHRINK TOTALS $112.1B+
In today's retail landscape, shrinkage remains a formidable challenge, with losses totaling a staggering $112.1 billion, according to the "National Retail Security Survey" by the National Retail Federation (NRF).
The survey revealed a concerning increase in the average shrink rate, rising to 1.6% over the previous year’s rate of 1.4%. This upward trend underscores the significant impact of theft, particularly organized retail crime (ORC), which remains a primary driver behind shrinkage. Internal and external theft combined make up nearly two-thirds (65%) of retailers' overall shrink, highlighting the pervasive nature of this challenge within the retail industry.
NRF's survey also found that 88% of retailers reported increased aggression and violence from shoplifters compared to the previous year, highlighting a concerning trend of heightened risk in retail environments. This uptick in aggressive behavior not only jeopardizes the safety of employees and customers but also underscores the urgent need for effective security measures.
The evolution of theft tactics, from traditional shoplifting to sophisticated organized retail crime, demands innovative solutions. At CONTROLTEK, we understand the gravity of the situation and offer cutting-edge technology paired with comprehensive strategies to combat theft and shrinkage effectively.
88% OF RETAILERS REPORTED INCREASED AGGRESSION AND VIOLENCE FROM SHOPLIFTERS
THE BENEFITS
EAS SYSTEMS
Investing in an EAS system is far less expensive than the ongoing cost of theft, which can have wide-ranging impacts on your business.
On average, EAS systems have an expected lifespan of about 10-15 years. During that time, they reliably protect a store 24/7 with zero or minimum downtime and few, if any, false alarms.
When retailers implement an EAS system they can expect to see a loss reduction of up to 60 to 80 percent, depending on the type of retail environment.
The “deterrent effect” of EAS systems means the store will be less of a target for shoplifters. This takes the pressure off staff, allowing them to go about their primary roles without worry.
Sales of test items in control stores without EAS under-performed those in EAS locations, and item “sell through” improved when EAS was in use.
Benefits of Properly Installed & Monitored EAS System
Decrease shrink
Theft deterrence
Increased sales/profits
Open merchandising
Decrease out-of-stocks
Increased customer service
Decreased theft of multiple packages
Decreased administrative error/waste
Increased approach confidence
STRONG INVESTMENT CONTROLTEK’S SOLUTIONS
The largest variety of tags and labels in stock and ready to ship!
EAS tags help catch shoplifters in the act and discourage would-be thieves from attempting to steal your merchandise. We’ve got what you need for protecting apparel, sporting goods, footwear, eyewear, boxed goods, beverages and many other product types.
Whether your asset protection needs require AM, RF, RFID, or a combination of technologies, all our systems are made with only the highest quality materials and technologies for optimum performance in your retail environment.
Paired with our First Time Right™ approach to systems deployment and installation, means we deliver faster and install with more attention to detail than any other provider in the industry.
OptimizeYourRetailOperations withthePowerofRFID
Incorporating RFID in to your store can bolster your loss prevention and asset protection strategies in shrink reduction.
CONTROLTEK’s RFID solutions give retailers improved EAS, real-time asset tracking, intelligent inventory management, and enhanced omnichannel capabilities.
INVENTORY MANAGEMENT
Efficiently manage your inventory, eliminating the need for manual counts and ensuring accurate stock information in real time
ASSET TRACKING
Locate any asset in moments and pinpoint the exact location. Understand the movement of goods throughout the facility.
ENHANCED EXIT
Get immediate alerts via email or SMS when items exit your store or move outside designated zones such as unauthorized areas like employee break areas, restrooms, fitting rooms, or back-of-house exits.
Pre-Deployment Planning
Feasibility study, strategy & design overview, site survey, and survey output
Deployment
Design, managed implementation, and turnkey deployment
Post Deployment
ROI analysis and documentation and training associates
WHY CONTROLTEK?
Best-in-Class EAS & RFID Solutions Delivered First Time Right
At CONTROLTEK, we understand your business challenges are unique, and finding the right solution is essential for your success.
With a track record of success and a commitment to innovation, CONTROLTEK is your trusted partner in safeguarding retail assets and driving business growth.
From deterring shoplifters to combating ORC activity, CONTROLTEK offers holistic security solutions tailored to the evolving needs of the retail industry.
Leveraging RFID technology, our solutions provide real-time visibility into stolen goods facilitating quicker merchandise replacement, preventing out-of-stock situations and enhancing the overall consumer experience.
CONTROLTEK enables retailers to track and analyze patterns of criminal activity, empowering them to devise targeted responses at various touchpoints within the store.
Solutions that Protect. People that Deliver.
WHO WE ARE
CONTROLTEK is a global leader in retail asset protection, RFID solutions, and tamper-evident packaging, helping the nation's leading retailers, financial institutions, government agencies, and manufacturers secure, track and transport their assets.
We are committed to finding the best solutions for our customers to protect their assets, cash, and profits for businesses globally.
Our solutions provide valuable insight and intelligence, empowering leaders to make informed decisions and benefit from efficiencies across their business.
OUR MISSION
As a privately held business, with a history of stable growth and a reputation for strong customer focus, CONTROLTEK continues to deliver on its mission every day: to provide solutions that protect and to always deliver on their promises.
