THE HOLIDAYS are a crucial time for jewelers to make sales and rack up profits.
However, they are also a time of long hours, increased temporary or part-time help, and more customers and confusion in the store. During this busy season, jewelers need to stand fast with their regular security procedures and not try to cut corners on security, which could result in a sour note in the season of holiday cheer.
Here are a few reminders for jewelers to keep in mind. Good security is good business.
- Holiday inventories may be substantially greater than a jeweler’s normal inventory. Make sure your jewelers’ block insurance coverage is sufficient for any higher inventory.
- The holiday season may cause days of hectic selling (hopefully!). Even in busy times, keep all showcases locked except when actually taking out merchandise or returning merchandise to the showcase.
- During the holidays, jewelers may hire additional seasonal or part time employees. Even these seasonal employees should receive basic instruction on proper security practices through short staff briefings.
- Even with long and late holiday workdays at the store, don’t try to save time by leaving merchandise in the showcases overnight.
- There is currently a wave of distraction thefts in the U.S. by gypsy gangs. Beware of three or more “customers” entering the store together. Their purpose may be to distract you. These gangs often seek to get into your open safe or unlocked showcase.
- Even when there is the hope of a big sale, show only one item at a time to reduce losses from grab and run thefts.
- During a jeweler’s busiest season, a security guard can be a good investment.
- Make sure all employees know of a simple and innocent sounding code word or phrase that can be said aloud when a sales associate feels there is a suspicious situation. At that point, other sales associates can focus on and assist if trouble is brewing.
- When accepting in-store credit or credit card transactions, check supporting identification carefully. There are times when you need to consider the question of why a person from a distant state or country may be buying an expensive item in your store on credit.
- At closing time, make sure all customers have left before you start breaking down the showcases and putting away the goods for the night. Do not unlock the door to let in customers following closing or before opening.
