With the most common cause of shrinkage being shoplifting and other kinds of theft, any retail business should at least have the bare basics when it comes to in-store security.

A CCTV system should be the first port of call when looking to reduce shrinkage in store, if you don’t already have one installed. With the advent of modern technology, CCTV systems have since ameliorated from the pricey, labour intensive and specialised systems that require a dedicated space within you store to operate from.

Modern CCTV systems are often relatively easy to install and don’t require a monitoring room. Wi-Fi enablement is a common feature, meaning your mobile phone or tablet can be used as a mobile and convenient monitoring station for viewing no matter where you are.

Alongside their ease of use, modern CCTV systems are readily available from most big retailers in the UK, meaning that there’s no need for a lengthy consultation and pricey set-up costs from installation companies.

Although CCTV is useful for identifying shoplifters and recovering stolen goods where possible, it can also serve as a visual deterrent for thieves. Potential thieves may likely be deterred by visible CCTV systems with the accompanying signage that notifies customers and would-be thieves.

As well as CCTV, physical security can also be a highly effective deterrent when properly used. For example, employing a dedicated security guard in peak selling periods where theft typically goes up may help reduce the chances of shoplifting from occurring by a considerable margin.