LIMON, CO (IFS) - I have a products bar code. Now What? First you have to get your products registered into the retail system. You can do it right here. Place your products barcode label, your product discription, the manufacturer's name and location, the written barcode number in a #10 envelope with your CHECK IN THE AMOUNT OF $10.00 FOR EACH PRODUCT made payable and MAILED to: Ken Smith, 1880 Circle Lane, Limon, CO 80828-9114. You will receive by return mail a certificate of product registration for each of your products. It's that easy. No fuss and no hassels. Ken Smith's SmithBits Magazine, has been around since 1967, when his journalism professor gave him the column in the college newspaper. Smith has continued the tradition for over 40 years. In retail, there’s no bigger asset than the products you sell. And for manufacturers and retailers, the increased prevalence and organization of theft and fraud is making it increasingly difficult to protect them. And getting the upper hand on protecting those assets and reducing those losses can make significant difference to your bottom line.
According to the National Retail Federation, losses from retail theft are estimated at more than $30 billion.
Retail theft can be categorized in many ways. It can be as simple as someone pocketing a single product and walking out of the store, to gangs that have become extremely proficient in stealing large quantities of products, to the theft of products that are still in shipment. Often times, these products end up on Internet auction sites where the criminals turn those products into cash. Or the theft can be more “creative,” such as in the case of Claude Allen, former aide to President Bush, who was arrested in 2006 for attempting to “return” more than $5,000 worth of merchandise that he’d taken from the display shelf directly to the returns counter, using receipts from earlier purchases of those items. There are a host of products and technologies that work to prevent, or at least reduce, products from being stolen off the showroom floor. And some loss is inevitable. But there are those significant losses associated with other kinds of theft – theft coming from habitual criminals, as well as normally law-abiding people who think nothing of coming up with creative ways to “bypass the system.” And one thing they all have in common is that they involve the fraudulent return of products to the same or a different store. In fact, The National Retail Foundation reports that fraudulently returned products cost the industry more than $9.6 billion dollars a year.
According to the National Retail Federation, losses from retail theft are estimated at more than $30 billion.
Retail theft can be categorized in many ways. It can be as simple as someone pocketing a single product and walking out of the store, to gangs that have become extremely proficient in stealing large quantities of products, to the theft of products that are still in shipment. Often times, these products end up on Internet auction sites where the criminals turn those products into cash. Or the theft can be more “creative,” such as in the case of Claude Allen, former aide to President Bush, who was arrested in 2006 for attempting to “return” more than $5,000 worth of merchandise that he’d taken from the display shelf directly to the returns counter, using receipts from earlier purchases of those items. There are a host of products and technologies that work to prevent, or at least reduce, products from being stolen off the showroom floor. And some loss is inevitable. But there are those significant losses associated with other kinds of theft – theft coming from habitual criminals, as well as normally law-abiding people who think nothing of coming up with creative ways to “bypass the system.” And one thing they all have in common is that they involve the fraudulent return of products to the same or a different store. In fact, The National Retail Foundation reports that fraudulently returned products cost the industry more than $9.6 billion dollars a year.
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