Provides Retail Anti-Theft Consultancy to BWS in Australia
- YPB's specialist Retail Anti-Theft experience to benefit BWS.
- Consultancy revenue is expected to be circa A$200k in 2017.
BWS is one of Australia's leading retailers of Beers, Wines and Spirits. The BWS Group operates 1200 stores throughout Australia and is a division of Woolworths' (ASX:WOW) Endeavour Drinks Group.
YPB will survey each BWS site and make recommendations on existing and future security needs. These surveys will be completed by the end of 2017 with an approximate value to YPB of A$200,000.
It is estimated Australian retailers lose A$2.7 billion per annum to retail theft. The NSW Bureau of Crime and Statistics Research recently reported that retail theft in NSW had risen 6.3% over the past year with liquor stores and supermarkets key targets. Most crime categories had decreased over the period. YPB sells a range of solutions to PROTECT against Retail Theft which are gaining strong sales momentum, especially with Australian retailers.
YPB Executive Chairman John Houston said: "This new agreement with BWS highlights YPB's standing in the Australian Retail Community. We are excited to provide such specialist technical expertise to BWS and look forward to identifying new areas of opportunity and growth for BWS and YPB."
About YPB Group Ltd
In a rapidly changing world, brands need to do more than make great products, they need to PROTECT their consumer by allowing them to verify that their purchase is real and as a result buy with confidence. This is a proven initiative to trigger the consumer to CONNECT with brands.
YPB Group Ltd (ASX:YPB) provides real protection for quality brands with a focus on product authenticity. Simultaneously, we provide a gateway for brands to connect with their consumers and engender trust in authenticity by utilising the power of the smartphone.
In an evolving marketplace and with the rapid growth of cross border commerce, YPB leverages serialisation and patented authentication solutions so that insightful data can flow between brands and their consumers.
YPB is the obvious choice to PROTECT, DETECT and CONNECT.
YPB Group Ltd