One of the keys to retailer profitability is availability. Put simply, if a product is not on-shelf in store, then it is a lost sales opportunity. Failure to deliver is likely to result in consumers either taking their business to another retail outlet, or more likely, ordering from a rival digital channel.
Innovative retailers are using RFID technology as a common fabric across many of its merchandise- centric applications to gain real-time insight into merchandise status and to take necessary steps to anticipate and reduce out-of-stocks. In this final series installment, we’ll take a look at how Checkpoint Systems has developed an innovative and efficient approach to this problem.
In Part 1 of this discussion on how retailers can reduce out-of-stocks and improve merchandise availability, we discussed the new market realities facing retailers, including tighter margins, shifting shopper behavior and the need for hyper-accurate inventory availability status. In this installment, we cover how innovative retailers are taking an integrated, intelligent and insightful approach to addressing issues related to inventory management and shrink management in a cohesive manner, often using RFID technology to achieve their most important goals.
Retailing has always been a tough business, marked by demanding consumers, tight profit margins and intense competition. Retailers – even the most successful ones – also have had to confront and overcome various operational challenges such as managing inventories, controlling shrink, representing their brands in an innovative and attractive manner and maximizing every square foot of selling space, while improving shoppers’ experience.
Imaginarium, a leading retailer of products and merchandise for early childhood education and children’s toys, likes to bill itself as having “the prettiest toy shops in the world.” But Imaginarium is savvy enough to recognize that aesthetically pleasing store environments do more than attract shoppers and their children: they also can attract potential thieves.
How the Fortune 500 retailer improved the customer experience with a 50% reduction in false EAS alarms, reducing shrink and mitigating associate risk along the way.
The specialty apparel retailer uses smart-safe technology to protect its assets and employees.
From the supply chain to the store floor and beyond, RFID tags continue to prove their multidisciplinary benefits.
LP sometimes has an adversarial relationship with store personnel. This electronics retailer has succeeded in creating a mutually beneficial partnership.
The Intermec IF2 is a compact, cost-effective network reader designed to support diverse RFID applications in both enterprise and industrial environments that require a scalable RFID system with a low cost per read point.
Avery Dennison Retail Branding and Information Solutions (RBIS) (NYSE: AVY), a global leader in apparel, footwear and RFID-enabled solutions, attended the 2016 National Retail Federation’s (NRF) 105th Annual Convention and EXPO yesterday at the Jacob K. Javits Convention Center in New York City. Avery Dennison RBIS also showcased its latest products, services and RFID technologies at NRF’s EXPO hall. The demonstration featured the impact of RFID on inventory accuracy on the retail consumer experience, a sneak peek of its upcoming printer series, in addition to an interactive smart mirror demonstration, in collaboration with Oak Labs. Furthermore, Avery Dennison RBIS hosted a BIG !deas panel discussion on RFID technology and the impact on consumer experience, moderated by Fast Company and featuring industry experts from Rebecca Minkoff and adidas.
Checkpoint Systems, Inc., a leading global supplier of merchandise availability solutions for the retail industry, recently announced that its Check-Net print shops have implemented significant new printing capabilities that allow them to quickly print, encode and test RFID labels for apparel retailers and manufacturers employing its source tagging capabilities.
Tyco Retail Solutions, a leading global provider of retail performance and security solutions, recently announced positive results from its RFID pilot with Chico’s.
Checkpoint Systems, Inc., a leading global supplier of merchandise availability solutions for the retail industry, has been selected by the Inditex Group to implement Radio Frequency Identification (RFID) technology into its distribution centers.
Tyco Retail Solutions, a leading global provider of retail performance and security solutions, recently announced the release of TrueVUE version 5.1, which further enhances its capabilities to accelerate large scale retail RFID deployments faster and more cost effectively across all stores chain-wide.
Tyco Retail Solutions, a leading provider of retail performance and security solutions, recently announced that Inditex Group, one of the world’s largest fashion retailers, has awarded Tyco a chain wide contract for RFID-based Inventory Intelligence.