InVue held its annual global sales meeting in Charlotte on April 16-17. In attendance were over 160 partners and InVue representatives from over 60 countries. Numerous new products were announced including the revolutionary Cabinet Lock and the all new IR2 Key.
Over 60 Countries Represented at Global Sales Meeting
First to Protect Highly In-Demand Headphones Products
The 940 Headphones Sensor is the only security device available anywhere that secures and powers headphones.
Sales of traditional headphones exploded to $1.2 billion in 2011, up 42% from the previous year. Most of this growth can be attributed to the recent influx of celebrity-endorsed products such as Beats by Dr. Dre, most costing well in excess of $100 per unit. Sales of headphones costing over $100 grew from 2 percent of the headphone market in 2009 to 3.5 percent of the market in 2010. The top five headphones brands in terms of sales were Monster, Sony, Bose, Skullcandy and Philips. Headphones have reached the status of “personal fashion accessory” making them a much higher theft target.
The Series 940 Headphones Sensor works with the new Series 940 4-Port POD to power and secure one of the quickest growing product categories. It provides an elegant and streamlined solution that won’t detract from the appearance and function of the headphones on display. The Series 940 Headphones Sensor system can be displayed on a fixture display table, hung on a display stand or attached to a vertical wall display.
InVue Opens Expanded Office & Showroom in the Netherlands
InVue EMEA in The Netherlands recently moved offices – effectively doubling their space. With the increase in square footage, InVue EMEA now boasts a dedicated showroom that showcases InVue’s line of security products for smartphones, cameras, laptops and tablets as well as Secure Fixtures for sell-through merchandise.
InVue Among Charlotte’s Fastest Growing Companies
InVue Fast 50 LogoInVue was recently recognized by The Charlotte Business Journal as one of the Charlotte region’s fastest-growing privately held companies as part of the annual Fast 50 program. This marks the second year in a row that InVue has made the Fast 50 list.
Businesses qualified for Fast 50 recognition based on a formula that reflects dollar and percentage growth during a three-year period. Companies also had to have annual revenue of at least $1 million in 2010 to qualify.
InVue achieved a three-year revenue growth averaging 37 percent from 2008 through 2010.
Saturn Chooses InVue Series 940 for New Camera Displays
InVue Series 940 Camera PuckInVue recently completed an installation in a Saturn electronics store in Rotterdam, The Netherlands. Saturn is part of Metro Group, and is one of Europe’s leading electronic retailers. They are known to offer an extraordinarily wide assortment of electronic products.
InVue’s Series 940 PODs replaced competitive products for all DSLR and camera displays in the Saturn store. Series 940 PODs were mounted to DSLR presentation posts. Additionally, InVue Series 1000 stands are being used throughout the store for all major brand “Shop in Shop” areas.
InVue products were chosen by Saturn due to their ease of use, limited false alarms, ability to power up display merchandise and significant cost of ownership advantages.
InVue Chosen as Security Solutions Provider in Virgin Megastore Dubai
InVue Virgin MegastoreInVue was recently chosen by CompuMe to provide security solutions for the new Virgin Megastore in the Dubai Mall, the largest mall in Dubai.
The 25,000 square foot Virgin Megastore is part of a new ‘lifestyle experience’ concept that offers customers the opportunity to assess the products’ functionally, design and features. The product presentation is stunning, so the security solution had to be discreet and well designed.
“We use InVue to secure mobile phones, digital and SLR cameras, tablet PCs and laptops,” said Hakim Amar, Retail Operation Manager at CompuMe. “The system and quality of InVue convinced me. I can safely say that this is the best security we have ever had.”
In this extraordinarily impressive megastore, CompuMe worked with Virgin to design the shop layout and product presentation in the consumer electronics division.
“More and more retailers are discovering and embracing the innovative approach to security and open merchandising promoted by InVue,” said Fabian Brachetta, InVue’s Business Development Manager in the Middle East and Africa. “Our local presence and extensive market knowledge give us a significant lead over other suppliers.”
InVue Named One of the Best Places to Work in Charlotte
InVue Security Products was recently named one of the Best Places to Work by the Charlotte Business Journal. The award honors outstanding companies whose benefits, policies and culture are among the area’s best.
The awards were based on surveys taken by thousands of employees across all companies. Anonymous results were analyzed by Quantum Market Research, an independent human resources survey company, and finalists were chosen based on employee responses about their company’s benefits, practices and culture. Best Places to Work recipients were profiled in a Special Report in the November 5 print edition of the Charlotte Business Journal.
Attracting exceptional talent and maintaining a company culture based on innovation and entrepreneurship has contributed to InVue becoming the dominate global force in retail security.
Retail Shrinkage Costs Singapore $174 Million
According to an article by Jessica Lim in the Straits Times of Singapore, residents there are paying $175.70 per household to account for losses suffered by retailers.
According to a survey conducted by the British-based Centre for Retail Research, retail shrinkage has cost retailers $174 million in the 11 months from July 2010 to June 2011. 53% can be attributed to customer theft, while 24.2% is blamed on employees. 15.4% of shrinkage was caused by internal error.
So what is to blame? Well, according to retail experts, retailer neglect and a lack of staff training are to blame. The article states that increased competition may be causing retailers to focus on store traffic and neglect the security of their goods.
InVue Opens New Singapore Showroom
The Asia Pacific team at InVue Security Products has moved into a new office and showroom in Singapore. The office serves as the regional headquarters for Asia Pacific sales and operations and showcases InVue’s line of security products for smartphones, cameras, laptops and tablets as well as Secure Fixtures for sell-through merchandise.
2011 Global Retail Theft Barometer Finds Shrink at Highest Levels Since 2007
According to the recently released Global Retail Theft Barometer study, shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry $119 billion in 2011, or 1.45% of sales. This global shrink rate is 6.6% higher than the previous year and represents the highest percentage recorded by the study since it began in 2007.
The study, conducted by the Centre for Retail Research, monitored the cost of shrink in the global retail industry between July 2010 and June 2011 and found that shrink increased in all regions surveyed. Customer theft, including shoplifting and organized retail crime, rose 13.4% and cost retailers $51.5 billion or 43.2% of shrink.
The Global Retail Theft Barometer study conducts surveys of shrink and related factors in Europe, Asia, North America and Latin America. For more detailed results, visit the Centre for Retail Research.