Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Access Control
LeftNav
Alarms
LeftNav
Biometrics
LeftNav
Detection
LeftNav
Deutsche Zone (German Zone)
LeftNav
Education, Training and Professional Services
LeftNav
Government Programmes
LeftNav
Guarding, Equipment and Enforcement
LeftNav
Industrial Computing Security
LeftNav
IT Security
LeftNav
Physical Security
LeftNav
Surveillance
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
 
 
News

Shrinkage reduction technology in the retail sector

Research And Markets : 17 March, 2014  (New Product)
Research report focuses on the retail sector and the electronic security systems deployed there to combat shrinkages
Shrinkage reduction technology in the retail sector

Research and Markets has announced the addition of the "Global Retail Security Market 2014-2018" report to their offering.

Since retailers strive to increase their profitability and rely on employees to engage customers and push conversions, they find it difficult to deploy employees for task and shopper-centric activities, as a result of which the efficacy of the employees is divided. Inventory error and employee mismanagement becomes unavoidable, especially because of the high hourly wages and rapid turnover rate at retail stores. In order to allow retail employees to focus on selling and not on such tasks, retailers are forced to implement security systems that streamline employees' responsibilities. Thus, the increasing focus of retailers on reducing manpower at retail stores and implementing security systems to reduce shrinkage increases the growth prospects of the market.

According to the report, one of the main drivers in this market is the increasing focus of retailers toward preventing loss due to retail shrinkage. Retail shrinkage is one of the key factors affecting the profitability of retailers. As a result, retail shrinkage has become one of the burning issues that retailers have to deal with. Thus, to overcome such problems, the adoption of retail security systems has increased in the past few years as these systems help monitor and prevent activities such as theft and pilferage of goods taking place in the store. This is one of the primary factors contributing to the growth of the market.

Further, the report states that one of the key challenges in this market is the high cost of ownership required for the implementation and installation of retail security systems in stores. In order to install retail security systems, retailers have to make high initial investments. This is one of the major challenges for retailers as their low profit margins are very low. In addition, the high cost of retail security systems restricts some of the small scale retailers from procuring such systems. Thus, the high cost is a major barrier hindering the growth of the Global Retail Security market.

The report can be purchased directly from Research and Markets here: "Global Retail Security Market 2014-2018"

 

Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 ProSecurityZone.com
Netgains Logo