• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Connect – Akron Today
  • Advertising
  • Akron Jobs

Akron Today Magazine

Akron Lifestyle and Entertainment

  • Home
  • About
  • Family
  • House & Home
  • Food
  • Health & Fitness
  • Autos
  • Money
  • Travel
  • Profiles
  • Business

How Shoplifting Damages Local Economy

Many people believe that shoplifting is a victim-less crime.  No one usually gets hurt and stores know that they will have a certain amount of loss.  However, a smaller, local store can feel an especially hard hit with even minor shoplifting loss.

Lets look at how shoplifting impacts a local business.

  1. Even small loss have a big impact.  If a $10 item is stolen it might first be assumed that the store lost $10.  However, this could not be further from the truth.  A local store that does not have lots of chains often may have a small profit margin – lets say it is 5%.  To generate $10 of profit to pay for the loss, the store needs to sell nearly $200 dollars of additional products.
  2. Stores can close – with a low profit margin and steady loss, even casual, small time shoplifters can cause the failure of local businesses and the loss of local jobs.
  3. These small businesses are frequent targets of shoplifters if the stores have not invested in shoplifting prevention tools.  They know to look for easy targets to avoid getting caught.

So what can a local store do if they have a limited budget and are experiencing even minor loss?  Store managers can go over to the Loss Prevention Systems Shoplifting Calculator to see the ROI and payoff of investing in shoplifting prevention technology.  Then give them a call and discuss what systems are best for your type of retail location.

You Also Might Like

How To Keep Germs Away This Flu Season
Protect Your Family - Home Dangers
Marvin Montgomery - Big Benefits of being a Proactive Employee
A CEO's Survival Guide to Information Technology by Bob Coppedge

Akron Today Regional Magazine

Akron Today Magazine covers the greater Akron area including Doylestown, Sagamore Hills, Streetsboro, Tallmadge, Bostom Heights, Bath, Medina, Peninsula, Montrose, Mogadore, Mantua, Brecksville and Brimfield

We now offer great recipes at the best recipe site for Akron area residents so you can be more healthy while cooking at home.

Primary Sidebar

Connect with Akron Today

Latest

Basic Healthy Living Roadmap

Literacy in the United States

Saving Tips For The American Family

Which Food to Shop For a Healthy Liver

Akron Boxing and Kickboxing

Akron Today Magazine is part of 

Footer

Magazine Resources

  • About Akron Today
  • Contact Akron Today
  • GR8TR Today Magazine
  • Food Blog

Advertising Opportunities

  • Business Sponsors – Get Local Visibility – Thousands of Readers
  • Free Magazine Publicity
  • Submit a Quote for Consideration

Marketing Agencies in Akron Area

Akron Today Magazine can be an extension of your marketing services to Northeast Ohio companies.  Find out the details here.

Talented Writers Wanted

  • Akron Today Magazine Internship
  • Akron Writing Opportunity
  • Writers Guidelines and Terms

Terms of Service

All visitors to this site agree to our Terms of Service. Always consult with a professional before following any advice you find online.

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in