Veesion is a Paris-based security company specializing in advanced gesture recognition technology. Since 2018, we have been detecting theft-related behaviors in retail environments worldwide. Our cutting-edge software utilizes the latest advancements in deep learning to identify theft gestures in real-time, integrating seamlessly with existing video surveillance systems across various industries.
Looking to enhance your store’s security? Our anti-theft solution is the ideal choice for you.
Why is Store Security Important?
Theft poses a significant threat to store profitability. Losses due to theft, particularly unknown shrinkage, can account for up to 3% of a store’s turnover. When poorly managed, this shrinkage alone can render a store unprofitable.
Furthermore, the perceived security of a store greatly influences customer behavior. A sense of safety encourages customers to spend more time in the store, which in turn can increase the average basket size (Perifem – Opinionway, Exclusive Study 2018). In today’s inflationary climate, opportunistic theft is becoming more common, and even regular, loyal customers may be tempted to commit theft.
Types of Store Theft
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Burglary: Opportunistic criminals may break into a store when it is closed, taking advantage of inadequate security measures. The resulting damage and theft can be significant but may be covered by insurance.
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Shoplifting: Some customers, despite the presence of cameras or security personnel, still attempt to steal items by concealing them on their person, in bags, or even strollers.
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Internal Theft: Employees may engage in theft, whether in the stockroom, at checkout, or on the sales floor.
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Checkout Fraud: Some customers may intentionally fail to scan all their items at checkout or exploit self-checkouts to scan only part of their purchases.
How to Secure Your Store
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Locked Display Cases: Securing high-value items in locked display cases can make theft more difficult. However, this can negatively impact sales as customers may find it inconvenient to access these products.
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Security Gates: Installing gates at store entrances and exits equipped with anti-theft sensors can help prevent shoplifting or checkout fraud. However, they may not detect theft if RFID tags are removed or the product is wrapped in foil.
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Security Guards: Employing security personnel can help prevent theft through active surveillance. While useful for monitoring suspicious individuals, security guards are expensive, costing nearly twenty euros per hour, which can result in an annual budget of sixty to eighty thousand euros for a full-time guard.
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Video Surveillance Systems: Surveillance cameras can help deter theft and allow for remote monitoring of the store. They can be a valuable part of an overall security strategy.
Veesion: The Future of Store Security
Veesion is the first gesture recognition software designed to combat theft. We harness the power of artificial intelligence to enhance your video surveillance system, enabling real-time theft detection.
In the realm of video surveillance, Veesion offers an intelligent anti-theft solution that detects suspicious activity as it occurs and alerts you immediately. Our advanced AI technology provides a powerful tool to optimize store security and ensure the protection of your assets.
