Retail theft isn’t just an inconvenience for businesses—it’s a billion-dollar crisis. According to the National Retail Federation, retail theft costs businesses approximately $100 billion annually, translating to an additional $500 per year per household in higher prices to cover losses. As organized retail crime grows increasingly sophisticated, solutions must evolve beyond traditional security measures.
Hapn is at the forefront of redefining retail theft prevention, combining cutting-edge GPS tracking hardware with intelligent IoT-driven software to deliver unparalleled solutions against organized crime. Here's how we’re leading the charge in protecting businesses and restoring consumer confidence.
Organized Crime, Unprecedented Challenges
Recent high-profile cases highlight the scale and complexity of organized retail crime. For example, a shoplifting ring recently stole nearly $2 million in luxury goods from top retailers like Macy’s and Ulta Beauty, reselling them through online platforms and international storefronts. These sophisticated operations often involve targeted thefts, supply chain diversions, and large-scale resale, making detection and prevention a monumental challenge for traditional security methods.
Hapn’s Cutting-Edge Solution
Hapn is transforming how businesses tackle these challenges by integrating state-of-the-art GPS tracking technology with advanced real-time monitoring software. This dual approach not only prevents theft but also provides actionable insights to deter future attempts.
Key Features of Hapn’s Solution
- Asset Tracking for Real-Time Visibility
- Hapn’s GPS trackers provide instant location updates for high-value goods, whether in transit, in storage, or on the sales floor.
- Geofence alerts notify businesses the moment an item moves outside a designated area, helping prevent theft before it happens.
- Organized Crime Detection
- Hapn’s software identifies patterns in theft attempts, providing critical insights to thwart organized retail crime rings.
- Customizable Alerts and Monitoring
- Businesses can set time-sensitive alerts for high-value items or specific hours, like after-store closing, to ensure continuous protection.
- Supply Chain Security
- Hapn’s trackers ensure transparency in the supply chain, reducing risks of diversion or theft during transit.
The Cost of Inaction
Beyond the staggering financial losses, organized retail theft damages consumer confidence and creates unsafe environments for employees and shoppers. Recent legislation, such as New York’s statute on fostering the sale of stolen goods, highlights growing recognition of the issue—but laws alone can’t stop crime. Businesses must proactively adopt smarter, technology-driven solutions.
Impactful Results
Hapn’s integrated hardware and software solutions offer businesses tangible benefits:
- 30% Reduction in Theft Attempts: With real-time tracking and geofence capabilities, businesses have reported significant drops in theft-related incidents.
- Improved Recovery Rates: When theft occurs, Hapn’s trackers enable quick recovery of stolen goods, saving businesses millions annually.
- Enhanced Operational Efficiency: By automating asset monitoring, businesses can focus resources on growth instead of loss prevention.
Leading the Way Forward
Hapn isn’t just addressing today’s theft challenges; we’re shaping the future of retail theft prevention. By leveraging advanced technology, we empower businesses to stay ahead of criminals, protect their assets, and rebuild trust with consumers.
Retailers no longer have to choose between profitability and security—Hapn’s innovative solutions ensure both. As the fight against organized retail crime intensifies, Hapn is proud to stand as a trusted partner, delivering solutions that truly make a difference.
Ready to Take the Next Step?
Learn more about how Hapn is revolutionizing retail theft prevention. Explore our solutions or request a demo to see the technology in action.
