Checkpoint Systems, Inc., (NYSE: CKP), a leading global supplier of EAS solutions, merchandise visibility and apparel labeling solutions for the retail industry and its supply chain, today announced that it has been chosen by Tesco to implement a global EAS program to improve on-shelf availability of products, open merchandising and the consumer shopping experience.
Having successfully installed EVOLVE ECO in 1,250 Tesco Express Stores last year, Checkpoint has been asked to fast track the roll out of its advanced RF solutions in more than 900 of the retailer’s large formats Extra, Superstore and Metro stores over the next few months, replacing the existing acoustic-magnetic technology.
As part of the program, Tesco is upgrading its systems with the latest EAS technology by installing Checkpoint’s EVOLVE ECO, high-performance, energy-lean RF-EAS systems across Tesco’s entire estate in the UK. EVOLVE ECO antennas provide energy savings of up to 75 percent over existing competitive solutions, helping Tesco reduce its operational costs and carbon footprint. The UK installation will be completed ahead of Christmas.
George Babich, interim Chief Executive Officer and President, Checkpoint Systems, welcomed the partnership and commented: “We are excited to be partnering with one of the world’s leading retailers and support its continuous quest to improve on shelf availability and enhance shoppers’ experience. With this roll-out, Tesco now has Checkpoint solutions installed throughout the whole of the UK as well as North America and Asia.”About Tesco Tesco is the UK's largest retailer and one of the world's leading international retailers. Tesco has around 5,000 stores worldwide, employing over 500,000 people in the 14 countries in which it operates. Our core purpose is to create value for customers to earn their lifetime loyalty. Our success depends on people: the people who shop with us and the people who work with us.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV