How the retail industry is evolving
Rising maintenance costs
Securing an open retail
environment across various
dispersed locations is inherently
challenging. With a large portion
of devices and alerts to manage,
the fewer systems you need to
work with, the better. Yet many
of IT budgets continue to be
allocated to maintaining legacy
systems. These are resources
that could be spent to take your
security further. You need a
security system that allows you to
create a fully connected store to
scale your business. How much
will you save in maintenance
costs by upgrading to a unified
security system?
Increasing retail shrink
Retail shrink is at an all-time high,
costing the industry $61.7 billion
in 2019. Organized retail crime
is on the rise, and even self-
checkout machines negatively
impact profitability. Your team
could also be losing time and
money jumping between systems
to investigate where retail loss is
occurring. Facing rising threats
with a stagnant or declining
budget, retailers need to do more
with less to turn a profit.
Can your security system
streamline loss prevention and
help you work smarter?
Data transformation
As the industry continues to
digitize, many retailers are finding
more value in their data. But
video is often underutilized in
retail, with 90%* of use dedicated
to safety and security alone.
Every day, your security system
collects valuable data about your
retail environment. Your security
system should help you make
sense of the data you collect,
and present visual dashboards of
actionable intelligence. Does your
security embrace and enable a
data-driven approach?
* Source: ECR survey - The use of video CCTV in retail
