In large department stores or the corner market, all retailers face increasing loss from shoppers and staff alike. Arecont Vision understands the unique needs of this market and provides megapixel technology to specifically meet those needs.
Retail Market Statistics
National Retail Security (for the US market) report – Shrinkage up to 1.51%
$36.3 Billion annual loss to retailers (1.51% x $2.4 Trillion USA)
Video security is considered an effective and affordable solution for large retailers
The 'addressable' shrink is closer to 1.2% (as 20% of total shrink is reported to come from administrative and vendor fraud issues).
Employee theft and shoplifting remain the big two drivers of shrink with 42.7% of shrink coming from employee theft and 35.6% from shoplifting.
Retailers use a wide variety of security systems - video surveillance is the second most commonly used solution next to burglar alarms (with 90.5% using digital video recording and 92.4% reporting the use of burglar alarms).
Retailers are today most interested in video surveillance – remote video surveillance, live CCTV, digital recording and POS/CCTV integration.
LP budgets were only .34% of retailer's annual sales in 2007. Compare this to early in the decade when budgets were over .5% of annual sales. Of that budget, 30% is used for capital equipment such as security systems.
With LP budgets decreasing, retailers are looking for more cost effective solutions (megapixel provides this).
Retail and Arecont Vision
Arecont Vision megapixel cameras are part of the surveillance solution at retailers around the world including:
T-Mobile BMW Show Room, Switzerland ICA Supermarkets, Sweden Tesco Grocery Stores, United Kingdom Cricket Wireless Officeworks, Australia Harvey Norman, Australia Highveld Mall, South Africa Caroline Springs Shopping Center, Australia Cartier Rolex Aishti Shops, Lebanon SuperMax Grocery Stores, Ecuador Ashdod Shopping Center, Israel
HSBC Mall, Mexico MOLO Shopping Mall, Szczecin, Poland DIS Retail Chain, Serbia Iwes Rocher Shops, Poland Kamelia Shopping Mall, Podgorica, Montenegro City Park Shopping Mall, Tirana Saturn Yves Rocher Benetton Ikea, Middle East & China Pandora Jewelers, Australia Pinko
Applications and Solutions
Megapixel for Retail
Overall security with enough detail for customer and staff ID and vehicle/license plate ID
Uniforms make ID more challenging – Megapixel provides the ability for facial detail
Improve staff productivity
Resolve staff and customer disputes
Protect employees, customers and business
Ability to cover more with less (instead of manpower to control PTZs, panoramic cameras can cover it all of the time)
Increased detail equals better forensics and reduced time from police and security professionals in post event investigations
Monitor daily business
Forensic documentation to build cases
Provide security, situational awareness, life safety and merchandising
Prevent fraudulent claims
Remote accessibility • Monitor video between administration offices and remote locations
Easy future-proof integration • Megapixel provides better image quality • Easily migrate existing system to HD
Scalability and flexibility Easily expand your system to meet growing needs
Cost effectiveness – lower total cost of ownership • Fewer cameras, licenses and accessories • Use existing infrastructure • Lower maintenance • Lower operational costs
Distributed intelligence • Put intelligence where you want it – motion detection or system based analytics • Reduce false alarms
Proven technology • Thousands of installations across the entire security market • Applicable to any installation