Tower Blog

A blog about smart POS software for independent small businesses.

Reducing magazine theft in newsagencies

Newsagents complain about the theft of porn, computer and craft magazines. They tend to pick on these because they are the magazines which leave a residue if opened – a plastic pack or some other cover. My experience from years of looking at theft in newsagencies is that these categories are not the most common stolen. The categories stolen most often are women’s weeklies, women’s monthlies, cooking and fashion.

Knowing what titles are stolen is easy. Since our newsagency management software tracks all magazines coming in, what is sold and what it returned at the end of the on-sale period, we can easily identify what has been stolen. This is the number on which newsagents need to focus – every week when they do returns.

By knowing what is being stolen, newsagents are able to take steps to reduce the cost to the business. It’s why we make it very easy to identify the titles and the quantity as part of the routine of managing the business.

Smart newsagents who use these tools to their fullest are able to cut the cost of theft in their businesses.

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8 Comments

  1. Hi Mark

    I have bounced around looking for a report in Retailer to show me the losses. I cannot find it. Any clues?

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  2. Rowan the support team will help you – we hide it for security reasons.

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  3. DOS is dead…..you make me laugh!
    I am using DOS POS Solutions and I know, when new stock arrives, how many of the old edition have been lost/stolen. I don’t have to wait for returns to be finalised to run reports to find out what is missing. How archiac!
    My staff look for missing stock as they put up the new edition…it is surprising how often it is found elsewhere and can be included in the current return, and not have to be held to return late in the next cycle.
    Even if replacement stock has not been received, you can find out before you finalise returns, what is missing.
    I enjoy reading your blogs but give us a break about DOS.

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  4. Rick,

    Talk to any newsagent supplier and they tell you DOS is dead. Your software does not meet industry standards and will soon be listed a software which you need to stop using if you want to work with some suppliers.

    Newsagents can find out what has been stolen in many ways. My blog comment above suits the situation I described. If you want to know theft when stock comes it, you can find that out too.

    I won’t give you a break about DOS. It’s old technology which should be put to rest.

    mark

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  5. Mark, DOS is dead but old client/server windows applications are old news too. Windows software is so 90’s. DOS may be dead, but there is nothing cutting edge in Retailer either.

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  6. Fred,
    In the context of the newsagency market and the context of this post, Retailer from Tower Systems is the benchmark product: we meet every IT standard, are used in 1,500 newsagencies, innovate new processes for newsagents and have been selected by some suppliers for use in their businesses.

    Mark

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  7. I would really like to see all the IT Standards that your software meets.

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  8. Tom,

    They are well documented and tested by newsagent suppliers. You can’t get to 1,500 newsagents without meeting them.

    Mark

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