Shoplifters of Baby Formula Inspire Design of First Line™ Security Cabinets for Retailers
Drug cartels, black market businesses, and
shoplifters are growing nation-wide
every day, but who thought theft prevention
would be birthed in the baby
aisles of your local grocery?
A major retailer like Wal-Mart and
Kroger, and others have
reported losses by the
millions in baby formula
theft. This has become a
national concern for the
retail industry. Baby formula,
a high-priced item
typically selling between
$10 to $30 a can is stolen
as frequent as over-the-counter drugs and is sold
on the black market at a
reduced price or used to
make drugs.
According to a study by the National Retail
Federation, a growing number of thief rings are specializing
in shoplifting infant formula, personal-care products and over-the counter drugs.
The National Association for Shoplifting
Prevention reported that more
than $13 billion worth of goods are stolen
from retailers each year. Shoplifters
steal from all types of stores including
department stores, specialty shops, supermarkets,
drug stores, discounters,
music stores, convenient stores, and
thrift shops.
"Retailers must fight back with discretion,"
said Patrick Barkdoll, R&D of
Southern Imperial, Inc., manufacturer
of new First Line Security Cabinets.
"With the rise in retail theft, security
measures must be in place to protect
assets," said Barkdoll.
Baby formula has recently been the
favorite of shoplifters, mostly because
of its steady demand, high cost and
large profit margin. In many areas, law
enforcement view baby formula theft as
petty, therefore fueling the problem of
prevention.
Shoplifting prevention is an ongoing
concern for most retailers. With
the profiles of shoplifters ranging from
amateur to professional,
large and small, old and
young, male or female,
and of all ethnic backgrounds,
crude methods
have been implemented
to deter those with
sticky fingers.
Many technological
advances in the prevention
of shoplifting have
been used throughout
the years. For example,
closed circuit television
cameras with monitoring
have been employed
in some extreme situations.
Technology such as electronic article
surveillance (EAS) is used to deter
shoplifters. Others prefer securing expensive
items like perfume, cosmetics,
digital items and tools in locked enclosures.
As theft continues to increase, retailers are implementing these prevention
methods but are feeling the backlash
from its honest consumers. "One retailer
has taken a 15%-20% loss in sales
by maneuvering and taking its baby formula
off the shelf,” said Barkdoll. "To
prevent theft, secure but non-threatening
methods should be implemented
to accommodate and solve retail problems."
We've designed and manufactured our new
First Line Security Cabinet for
retail theft prevention. Inspired by the
baby formula crisis, Southern Imperial
developed a contemporary, non-offensive,
clear modular security cabinet,
which can be mounted on pegboards,
tables or P.O.P. displays. The security
cabinets can be custom ordered to accommodate
any retailer's merchandising
efforts. "Prevention and accessibility
are a tough methodology, but
effective discretion is always preferred.
Today's security measures should not
be so obtrusive,” said Barkdoll.
With the overburden of the courts
and police concerning shoplifting, retailers
are equally fighting to lessen
the problem. "Cost-effective prevention
measures should be implemented
in order to maintain comfortable retail
cost for consumers,” said Barkdoll. National
theft reports have shown failure
in prevention can costs communities
lost dollars in sales taxes and eventually
hurt children and families.
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"With the rise in retail theft, security measures must be in place to protect assets."
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– Patrick Barkdoll
SOUTHERN IMPERIAL, INC.
NEW PRODUCT PROJECT MANAGER
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