Checkpoint Systems announced that a North American retail chain has deployed its Radio Frequency Identification (RFID) solutions in 1,000+ retail stores.
The company did not share financial details of the RFID deployment and name of the North American retail chain.
The retail chain selected Checkpoint after it ensured that the Checkpoint’s performance was above mark during a pilot in a significant number of its stores and its capability to scale-up deployment of hundreds of stores per week.
The 1000 stores deployment was done in around 100 days.
Checkpoint, in a statement, claims that its software architecture and its licensed technologies also minimize the risk of RFID patent licensing litigation which enabled the retailer to achieve a rapid return on investment.
The retailer’s objective in deploying RFID is to improve the consumer’s shopping experience through improved inventory accuracy and merchandise availability, both omni-channel and in-store.
Checkpoint said RFID will provide the retailer with improved operational visibility, enabling the retailer to move products from stock rooms to the sales floor at the right time, and to optimize the location of inventory throughout the supply chain and stores.
The retail chain deployed Checkpoint’s Merchandise Visibility enterprise software centrally in its data center, together with handheld RFID readers to perform regular in-store inventory counts, Checkpoint’s RFID tags and labels for initial store tagging, tagging at distribution centers, and source tagging.
Meanwhile, Checkpoint said its net revenues in the third quarter of 2013 increased 3.3 percent to $174.5 million from $168.8 million in the third quarter of 2012.
Operating income in the third quarter of 2013 was $13.7 million, $10.4 million higher when compared with $3.3 million in the same period last year.
picture source: retailtechnologyreview.com