Shoplifting, the act of taking merchandise from a retail establishment without paying for it, represents a significant concern for businesses like Walmart. Loss prevention strategies are employed to minimize financial impact and deter future incidents. The effectiveness of these strategies varies depending on the technology and resources Walmart dedicates to security measures.
Reducing inventory shrinkage offers several advantages. Increased profitability, improved customer service due to better stock availability, and a safer shopping environment are all potential benefits. Historically, retailers have relied on a combination of personnel, such as security guards, and basic security measures. Now, advanced technology plays an increasingly important role in deterring theft.