The 2020 National Retail Security Survey found that retail theft reached an all-time high of $61.7 billion. Amazingly, this number is up over $11 billion from the year before. This type of theft can significantly affect a business’s bottom line, with retailers reporting a 3% or more shrink rate. In addition to shoplifting, employee theft remains a significant issue.
The good news is that there is something retail businesses can do to help prevent theft and stop thieves before they walk out the door. The latest smart surveillance cameras take a bird’s eye view of your business and even recognize suspicious behavior. So, let's take a look at what a professional security camera installation company can do for your business in Phoenix, AZ.