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The Underappreciated Security Threat to Your Financial Health

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Jewelers may be ‘greatly underestimating’ this risk.

About one in three of jewelers believe armed robbers pose the biggest security risk to their business’s financial health, according to the results of INSTORE’s 2017 Big Survey.

That is much higher than the one in 10 who perceive burglars to be the No. 1 threat.

To be sure, an armed robbery is a frightening prospect. But John Kennedy, president of the Jewelers’ Security Alliance, expressed concern that some jewelers may be “greatly underestimating” the danger of burglary, noting that in the first six months of 2017, it was the biggest source of financial loss for American jewelers both in number of events (103) and dollar losses ($8.9 million).

“With respect to burglary, jewelers can’t rely on TL-15 or TL-30 safes; they need line security for their alarms, and must respond with police to every alarm condition,” Kennedy said.

Shoplifters

2017
 

15%

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2013
 

18%

 

Smash and grab thieves

2017
 

20%

 
2013
 

17%

 

Armed robbers

2017
 

32%

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2013
 

25%

 

Burglars

2017
 

12%

 
2013
 

9%

 

Internet scammers

2017
 

10%

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2013
 

6%

 

Staff

2017
 

8%

 
2013
 

19%

 

Home invasion/kidnap gangs

2017
 

2%

 
2013
 

6%

 

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Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

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The Underappreciated Security Threat to Your Financial Health

mm

Published

on

Jewelers may be ‘greatly underestimating’ this risk.

About one in three of jewelers believe armed robbers pose the biggest security risk to their business’s financial health, according to the results of INSTORE’s 2017 Big Survey.

That is much higher than the one in 10 who perceive burglars to be the No. 1 threat.

To be sure, an armed robbery is a frightening prospect. But John Kennedy, president of the Jewelers’ Security Alliance, expressed concern that some jewelers may be “greatly underestimating” the danger of burglary, noting that in the first six months of 2017, it was the biggest source of financial loss for American jewelers both in number of events (103) and dollar losses ($8.9 million).

“With respect to burglary, jewelers can’t rely on TL-15 or TL-30 safes; they need line security for their alarms, and must respond with police to every alarm condition,” Kennedy said.

Shoplifters

Advertisement
2017
 

15%

 
2013
 

18%

 

Smash and grab thieves

2017
 

20%

 
2013
 

17%

 

Armed robbers

Advertisement
2017
 

32%

 
2013
 

25%

 

Burglars

2017
 

12%

 
2013
 

9%

 

Internet scammers

Advertisement
2017
 

10%

 
2013
 

6%

 

Staff

2017
 

8%

 
2013
 

19%

 

Home invasion/kidnap gangs

2017
 

2%

 
2013
 

6%

 

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

Promoted Headlines

Most Popular