Do you know how much the stores in Finland lose in euros every year due to shoplifting?

According to Statistics Finland, last year there were 62 357 counts of petty theft – and that’s just the offences that were brought to the authorities. That equals to over 170 offences every single day! The Federation of Finnish Enterprises interviewed a shopkeeper last december, and he told that something is stolen from his shops every day. Overall shops in Finland suffer a loss of 550 million euros every year due to shoplifting.

And that’s just in Finland. Just a couple of weeks ago, the UK’s National Association of Convenience Stores reported that “Last year, an estimated 950,000 incidents of theft happened in shops, up sharply from 575,000 in 2016.” That’s over 2600 incidents every day.

In the US, Time magazine reported that the retail industry lost almost 50 billion dollars in 2016.

In Sweden, Svensk Handel has been advocating for better legislature, since too often shoplifters get away with fines they never pay.

It doesn’t take much to see how big of a problem shoplifting is and how globally it affects the retail industry. How are all these thieves doing this?

Did you know that there are forums, blogs, YouTube channels and other online communities dedicated solely to the purpose of sharing shoplifting tips and tricks, showing of the hauls and recommending shops to go steal from? All this information is available to anyone at any time, so no wonder the thieves seem to get smarter and smarter.

Luckily, so can the stores. As thieves and shoplifters get cleverer, product protection has to do the same. The whole world is digital, connected to a cloud, using smartphone apps – and yet the usual tags that are attached to products to protect them from shoplifting contain technology that has been pretty stagnant from the 1980s. No wonder the shoplifters manage to get away with it!

And that’s where we come in. Thieves are going to shoplift as long as they can – but with our technology, none of their trusted tricks like the tin-foil bag or breaking the tag will work. Stop losing money to thieving hands. Contact us and we’ll show you how!

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