Loss Prevention 101

According to the National Retail Federation, inventory shrinkage is largely attributed to shoplifting (36%) and employee theft (33%). Shrinkage can be determined by comparing the value of your inventory versus the total inventory you have- losses during transportation, storage or in retail are subtracted from your original inventory value. Along with shoplifting (external theft) and … Continue reading Loss Prevention 101

Why Celebrities Spend So Much On Security

Though the concept of private security might be considered to be relatively modern, the reality is that some form of private security has existed for centuries. Ancient Egyptian pharaohs hired private security guards for personal protection, as did the ancient Romans, emperors especially, during the Byzantine Empire to protect their families and property. Bodyguard’s Role … Continue reading Why Celebrities Spend So Much On Security

The Startling Statistics Behind Shoplifting

One of the many services GSG Protective Services provides is loss prevention for retail businesses. We go incognito in plain clothes and help identify shoplifters and other criminal activity within stores. Shoplifting is a major problem for retailers across the country, and it doesn’t just affect their bottom lines; it overburdens the police, costs consumers … Continue reading The Startling Statistics Behind Shoplifting