Here are some statistics from the 2001 National Retail Security Survey, produced by the University of Florida:

• Total inventory shrinkage cost U.S. retailers $32.3 billion in 2001, up over 10% from 2000.
• The cause of the shrinkage broke down as follows:
  • Employee Theft 46%
  • Shoplifting 30.6%
  • Administrative Error 17.6%
  • Vendor Fraud 5.8%
• According to University of Florida criminologist Richard C. Hollinger, this means that the single largest category of larceny in the United States is the crime that occurs in retail stores. The amount is larger than motor vehicle theft, bank robbery and household burglary combined.

A Watchful Eye, Inc. offers the following advantages to retail stores:

• IMPROVED PROFITABILITY WITHOUT INCREASING SALES.
• REDUCED INVENTORY SHRINKAGE.
• INCREASED WORK PLACE PRODUCTIVITY AND INTEGRITY.
• ELIMINATE EMPLOYEE MISCONDUCT IE. ENTERING INCORRECT PRICES, CASH VARIATIONS, ALLOWING FRIENDS “SPECIAL DISCOUNTS.”
• BETTER FACIAL RECOGNIGHTION LEADING TO EASY IDENTIFICATION OF PEOPLE.
• POINT OF SALES SOFTWARE ENABLING CLEAR VIEW OF TRANSACTIONS.
• MEASURE AND RECORD CONSUMER ACTIVITY FOR BETTER STAFF PLANNING AND RESOURCE MANAGEMENT.
• MONITOR VENDOR DELIVERIES AND CONFIRM RECEIPT OF PRODUCTS.