What are retail security challenges?
Retail stores selling jewelry, boutique items, consumer electronics and other expensive merchandise face a two-pronged challenge: They need to better protect valuable inventory but also make it easily available to customers in attractive cabinetry on the sales floor.
- U.S. retailers’ inventory shrinkage totaled $45.2 billion in 2015, up by $1.2 billion from 2014, according to the 2016 National Retail Security Survey.
- Nearly half (47%) of retailers answering the National Retail Security Survey reported increases in shrinkage in 2015.
- Fear of theft is the No. 1 fear for jewelers, according to an INSTORE magazine poll of its Brain Squad.
Traditional ways of securing jewelry and other valuable merchandise are problematic:
- 46% of consumers say the retail process takes too long, 32% don’t like waiting for a salesperson to unlock a cabinet to show merchandise, and17% feel uncomfortable when a salesperson uses a key, according to the 2014 UCLA Executive MBA Retail Consumer Study.
- Only 45% of retailers rate their in-store customer experience highly, according to a 2016 study by Forbes Insights and EY.
- INSTORE reported that in addition to theft, jewelers worry about losing a customer’s trust, angry customers, and customer abandonment.
- Mechanical locks are unreliable, cumbersome, ugly, time-consuming to install, subject to callbacks, and expensive to repair or replace. They also invite thieves.
- Metal keys can easily be lost, stolen, broken or duplicated.
- Outdated access control methods prolong shopping and cause distractions, reducing sales.
What is the retail security solution?
- The most adaptable, effective, cabinet-level electronic access control system for protecting high-end merchandise and consumer electronics – more reliable, efficient, and customer- and user-friendly than keys and mechanical locks
- Transforming how retailers and other commercial establishments protect and manage access to valuable contents
- A keyless, concealed, electronic locking system that uses radio-frequency identification (RFID) technology
- Backed by patented technology from world-leading Accuride® International
- Benefiting commercial establishments, such as jewelry, boutique and consumer electronics
- The go-to access control system for designers, makers and operators of cabinets, case goods and fixtures
Senseon provides a unique combination of benefits, including:
- Easy installation and use – no electrical or wiring knowledge needed.
- RFID readers that can control up to 15 drawers or doors; users can add, remove or change users.
- Utmost reliability – Senseon can withstand up to 250 pounds of break force; that’s 400% stronger than a traditional lock and key.
- Impervious to power outages.
- Seamless integration with new or existing cabinetry (including display cases) of all shapes, sizes, materials and designs, as well as other access control systems.
- Concealed, electronic locks – hidden from thieves, enabling seamless design.
- No hard keys required.
- Auto-relocking, so users can close a drawer or door and walk away from it.
- Driven by patented, proven technology.
- Can be used with an RFID card, FOB or bracelet.
Product expansion in March 2017 adds:
- Works with glass, wood or any other material, of any thickness and nearly any design.
- Low-profile design and can be mounted horizontally or vertically.
- Can be concealed using a decorative panel (included) or mounted below a subfloor, or false bottom.
- Enables upgrades to existing cabinets with slides that have a half-inch profile.
- Can be mounted on the side of or underneath a drawer.
- More seamless designs.
- Easy close functionality
- Full extension and fluid movement
- Seamless integration
- Touch-release functionality
- Full extension and fluid movement
- Manual override