A New Frontier for Loss Prevention In retail, every open door is an opportunity—either for smooth operations or for loss. Retailers have long relied on a familiar toolbox to protect assets and reduce shrink. From CCTV surveillance and POS monitoring to inventory audits and mystery shoppers, the loss prevention (LP) ecosystem has grown more sophisticated…

Read blog about What Physical Access Tells You About Retail Risk

Retail theft has become an increasing concern for major retailers across the United States. Once reserved for high-value items like electronics and designer apparel, theft prevention measures now extend to everyday essentials such as toothpaste, deodorant, and detergent. Frustrated customers often face long waits for store employees to unlock cabinets, leading to a decline in…

Read blog about Securing Retail with Digital Locks: Smarter Loss Prevention

Ensuring guest safety and satisfaction is paramount in the ever changing and competitive hospitality marketplace. As technology evolves and guest expectations increase, hotels and resorts are finding that digital locking systems are more than just a modern convenience; they’re a vital tool for boosting security, improving guest experiences, and reducing operational costs. Upgrading to digital…

Read blog about The Benefits of Replacing Standard Locks with Digital Locks at Hotels and Resorts 

Today more than ever, protecting assets and mitigating losses are big concerns for many companies. From convenience stores and logistic companies to retailers, the cost of loss prevention initiatives can sometimes seem burdensome. However, the National Retail Federation (NRF) reported that the average shrinkage rate for U.S. retailers in 2020 was 1.62% of sales. So,…

Read blog about Maximizing ROI: Justifying Loss Prevention Expenses in Business Environments

There is no greater responsibility for a business than ensuring the safety of employees and customers while at the same time safeguarding valuable products and inventory. Over the past few years, greater threats have risen that have forced businesses to take another look at their loss prevention and security measures. The impact of coordinated crime…

Read blog about Boosting Loss Prevention with Keyless Smart Locks