InVue Security

All New Design Facility to Open in August 2013

InVue New Design Facility

InVue has begun construction on an all new product innovation center – InVue Design. This new facility expands, updates and combines the current engineering, industrial design and quality testing space to over 20,000 square feet. When complete the new state-of-the-art InVue Design center will include:

• Four new conference rooms
• Seven enhanced project work areas
• A new retail oriented showroom
• An updated and expanded quality lab
• A modern cafeteria with seating for forty

Challenging the status quo has always been a hallmark of InVue. The new design center illustrates the continued commitment to being the most innovative company in the industry, providing customers the value and quality they expect.

Final construction on this exciting initiative will be completed in August!

InVue Awarded JDIG Grant – Plans to Add 70 Jobs by 2017

On February 1st, the North Carolina state Economic Investment Committee voted to award a Job Development Investment Grant (JDIG) to InVue Security Products. JDIGs are awarded only to new and expanding businesses and industrial projects whose benefits exceed the costs to the state and which would not be undertaken in North Carolina without the grant.

Read the press release HERE

InVue Reveals New Products at Equipmag 2012 in Paris

InVue was represented September 11-13 at the 28th edition of the Equipmag Expo in Paris, France. Nearly 500 exhibitors represented companies from all over the world and more than 20,000 visitors were there to take in the sights. Revealing new secure display products that revolutionize security for handheld displays, InVue’s 34 sq. meter booth was crawling with attendees.

Invue Powers Up Game-Changing Technology For Locking Display Cases: Cabinet Lock Eliminates Lost Keys And Broken Locks.

After decades of lost sales, annoyed consumers and frustrated sales associates, the ubiquitous, stubbornly-old-fashioned display case lock has finally met its match with the introduction of InVue’s Cabinet Lock and new IR2 Key featuring PowerTouch technology.

Continue reading “Invue Powers Up Game-Changing Technology For Locking Display Cases: Cabinet Lock Eliminates Lost Keys And Broken Locks.” »

US Retailers Lost More than $34 Billion to Theft in 2011

Retail theft saw a slight decrease in 2011. However, the problem is still a big one. Shrinkage accounted for $34.5 billion in losses, which is 1.41% of retail sales, this number is down from 1.49% ($37.1 billion) in 2010.

According to the preliminary survey findings, the majority of retail shrinkage last year was due to employee theft, accounting for 43.9 percent of total losses. Shoplifting accounted for approximately 35.7 percent of total losses, up from 32 percent last year. Other losses included administrative error (12.1% of shrinkage) and vendor fraud (5.0% of shrinkage). Retailers said that the cause of the remaining shrinkage was unknown.

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.

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.

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.