FlashHarry: Nabb1: Since you're a watch nerd, you may appreciate this - A law school buddy of mine had parents who had a bit of money. And by "a bit" I mean back in the seventies, his dad loaned a buddy $10k for a one-fifth share in some lingerie store called Victoria's Secret. Anyhoo, his parents collected time-pieces, clocks, watches, and one of the watches his dad got was at a charity auction and it was a $75k Rolex custom designed for Deion Sanders when he signed with the Cowboys. It had a diamond bezel and a blue star on the face made of sapphire stones. It was gloriously over the top.yikes! over the top is right!
The Evil That Lies In The Hearts Of Men: PainInTheASP: No they don't. There are established reputable firms that will offer their services to any business that wants it, and for a heck of a lot cheaper than you think. Grocery stores use them all the time, which leads me to my previous statement about what they "can" and "cannot" do.The business models there are completely different, as are the theft risks.Grocery stores (or at least the ones that hire security) are large operations with dozens of staff members in a huge store where all the wares are available to be handled by the customers at all times. Customers are regularly in places where no staff members can see them and so can put products in their pockets and walk out the door. There is a constant and regular drain due to shoplifting that can be discouraged by a visible security presence who represents, maybe, 5% of the staffing budget. Further - the vast majority of successful shoplifters are not detected so their identities are not known for police reports.Jewelry stores are generally small operations with a half dozen staff or less - adding a security guard could increase staff costs by 20% or more. Instead the stores are small and open so all staff can see all parts of the store at all times. The wares are behind glass. At no time will a customer handle wares without the direct supervision of a staff member. Shoplifting is a minimal drain. Theft from people who switch wares with replicas or who grab and run is generally rare - there is a lot of risk, the goods can be hard to shift and everyone will be fully aware of the theft at the time it happens so can give the police a good description and show them directly to the security footage so they have a nice picture of the thief. The place I worked at had one such incident in 3 years - the cost of a full time guard for three years would have dwarfed the retail cost of the stolen goods, let alone the wholesale cost.
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