ShotSpotter Reports 55 Percent of Retail Security Executives are Concerned or Very Concerned About Gunfire at Their Stores

Rhea-AI Summary

ShotSpotter (Nasdaq: SSTI) has released a report from a Public Safety and Retail Security survey highlighting growing concerns among retail security executives regarding gun violence. Conducted at an April 2021 conference, the survey indicated that 55% of respondents worry about gunfire at their locations, and 88% support partnerships with law enforcement. Additionally, only 5% of security personnel feel very prepared for violent incidents. The survey underscores the urgent need for enhanced collaboration between retailers and police to improve public safety, driven by a notable rise in gun violence in the U.S.

Positive

• 88% of retail security executives emphasize the importance of partnering with law enforcement.
• SiteSecure for Retail is introduced as a tailored security solution for retailers, integrating existing security technologies.

Negative

• Only 5% of security personnel feel very prepared to respond to violent incidents.
• A significant concern about gunfire at retail locations, with 55% of executives expressing worry.

Retail Security Survey Highlights Increased Attention for Industry as Gun Violence Escalates Across the U.S.

NEWARK, Calif., June 22, 2021 (GLOBE NEWSWIRE) -- ShotSpotter, Inc. (Nasdaq: SSTI), a leader in precision policing technology solutions that enable law enforcement to more effectively respond to, investigate and deter crime, today announced the results of a Public Safety and Retail Security survey that revealed 55 percent of retail security executives are concerned or very concerned about gunfire at their store location and 88 percent say it is very important that retailers partner with law enforcement.

The survey of 195 retail security executives, law enforcement officials and government agencies was conducted during an April 2021 conference, Public Safety and the Impact on Retail Security, jointly sponsored by The Loss Prevention Foundation and ShotSpotter.

Key findings from the survey include:

• 26 percent report being very concerned about gunfire in their store location, while 29 percent are concerned, 36 percent are somewhat concerned and 9 percent are not concerned.
• 88 percent say it is very important that retailers partner with law enforcement, while 12 percent say is it important and zero respondents said it was not important.
• Only five percent feel their security personnel and associates are very prepared to respond to a violent incident on site, while 36 percent say they are prepared, 46 percent are somewhat prepared and 13 percent are not prepared.
• 24 percent rate their security team partnering with law enforcement as extremely successful, while 69 percent say they are somewhat successful and six percent say they are not successful.

William J. Bratton, the main speaker and former NYPD Commissioner and Executive Chairman of Risk Advisory, Teneo, said as part of his remarks at the webinar on Public Safety and the Impact on Retail Security, “In the retail industry, security cannot have all the responsibility for security and the police cannot have all the responsibility. What we need is to engage in a partnership that can focus on the various problems that have been emerging or escalating, whether it is mass shootings or violent crime.”

“With the sharp rise in gun violence across the country, it is essential for the retail industry to work more closely with local law enforcement and seek out new technologies so they can be better prepared to respond quickly if an incident arises,” said Paul Mascari, Director of Security Solutions at ShotSpotter. “Our SiteSecure solution alerts security personnel within seconds of a shooting incident around stores and parking lots, protecting shoppers and associates by enabling faster response by security, law enforcement and medical personnel.”

In 2020, gun violence killed nearly 20,000 Americans---more than any other year in at least two decades---according to data from the Gun Violence Archive. This makes the topic of public safety in retail stores and surrounding parking lot areas an important issue for both security teams and local law enforcement agencies.

SiteSecure for Retail is a new program from ShotSpotter that provides US-based retailers with dedicated security experts to build custom tailored solutions for enhanced perimeter security. A key highlight of SiteSecure for Retail is seamless integration into existing video surveillance, access controls, and other security technologies. It complements similar programs for corporate facilities, government buildings and college campuses.

About ShotSpotter, Inc.
ShotSpotter (NASDAQ: SSTI) is a leader in precision policing technology solutions that enable law enforcement to more effectively respond to, investigate and deter crime. The company’s products are trusted by more than 100 U.S. cities to help make their communities safer. The platform includes its flagship product, ShotSpotter Respond™, the leading gunshot detection, location, and forensic system, and ShotSpotter Connect™, patrol management software to dynamically direct patrol resources to areas of greatest risk and more effectively deter crime. ShotSpotter Investigate™ is an investigative case management solution that helps detectives connect the dots and share information more effectively to improve case clearance rates. ShotSpotter also serves the corporate, retail and college security markets and has been designated a Great Place to Work® Company.

For more media information for ShotSpotter, contact:

Media Contact:
Liz Einbinder
ShotSpotter, Inc.
+1 (510) 794-3147
leinbinder@shotspotter.com

Investor Relations Contacts:
Matt Glover
Gateway Investor Relations
+1 (949) 574-3860
SSTI@gatewayir.com

JoAnn Horne
Market Street Partners
+1 (415) 445-3240
jhorne@marketstreetpartners.com

FAQ

What did the recent ShotSpotter survey reveal about retail security executives' concerns regarding gun violence?

The survey found that 55% of retail security executives are concerned about gunfire at their locations.

What percentage of executives believe partnering with law enforcement is important?

88% of retail security executives say it is very important to partner with law enforcement.

What is the SiteSecure for Retail program introduced by ShotSpotter?

SiteSecure for Retail is a new solution that integrates security technologies to enhance perimeter security for retailers.

How prepared do security personnel feel to respond to violent incidents according to the survey?

Only 5% of security personnel feel very prepared to respond to violent incidents.

What alarming gun violence statistics were mentioned in the ShotSpotter report?

The report noted that nearly 20,000 Americans were killed by gun violence in 2020, the highest in two decades.