Market situation
In retail, there is an arising problem with shrinkage in all Scandinavian and European market, and therefore a growing need to make the handling of products of high value more efficient to reduce losses and capital tie-up. It is time to combat shrinkage in an efficient and user-friendly way for increasing profitability, security, and safer working environment. At the same time, the government regulate the conditions for new and more product categories. In Norway they have introduced a new law for display of tobacco which prevents the stores from having tobacco products visible for costumers. Other European countries are interested in the results of this new law, and might follow Norway's example.
In the retail business more people find that Vensafe is the solution to the consequences that follows the new tobacco law. But it is not only in Norway Vensafe has progress. Besides Sweden and Denmark, the company is also established in big European markets like Belgium and Germany. In Norway, many associate Vensafe with tobacco, while in other countries it is often connected with other products. In Belgium for instance, one of the products is tickets for various arragements.
But one thing is common for all markets: Vensafe is the most profitable solution for high-value products.
