Checkpoint Systems, Inc. (NYSE:CKP), a leading global supplier of merchandise availability solutions for the retail industry and its supply chain, announced today that Family Dollar Stores, Inc. (NYSE: FDO) has entered into a multi-year agreement that includes the deployment of Checkpoint’s EVOLVE P10 ECO electronic article surveillance (EAS) solutions in all of its existing and future stores. The rollout in Family Dollar’s existing 7,900 stores is expected to be completed by December 2014.
For the past three years, Checkpoint and Family Dollar have been analyzing results in a number of test stores across the country. Based on the results gathered from these stores, Family Dollar is installing the EVOLVE P10 ECO solution, designed to reduce shrink and lower energy costs. Checkpoint's national field engineers organization and proven fast roll-outs in similar large chains was a component in Family Dollar's decision to partner with Checkpoint.
According to Per Levin, President and Chief Sales Officer-Checkpoint Systems, “We are thrilled to participate in the continued success story of Family Dollar. This is a proven program, with a significant ROI, so our focus is on speedy and efficient implementation. The program is also a strategic platform for future added value; the long-term partnership, therefore, is exciting for both companies.”
"As one of the fastest growing retailers in the country, we continuously look for ways to expand our assortment and offerings for our customers," said Chris Nielsen, Family Dollar Vice President – Loss Prevention. “We are encouraged by the success we have already experienced in our test stores, and I am confident that installing Checkpoint's system in all of our locations will deliver an immediate impact on our profitability by reducing our shrink and increasing sales."Checkpoint's flagship EVOLVE EAS technology also helps retailers leverage real-time data for better store operational decisions. In addition, with EVOLVE ECO electronics, energy consumption is reduced by up to 75 percent over alternatives, providing significant operational cost savings. The investment in EVOLVE will serve as the backbone for Family Dollar’s product-protection program, leveraging Checkpoint's full suite of high-risk merchandise protection solutions. About Family Dollar For more than 50 years, Family Dollar has been providing value and convenience to customers in easy-to-shop neighborhood locations. Family Dollar’s mix of name brands and quality, private brand merchandise, appeals to shoppers in more than 7,900 stores in rural and urban settings across 46 states. Helping families save on the items they need with everyday low prices creates a strong bond with customers who refer to their neighborhood store as “my Family Dollar.” Headquartered in Matthews, North Carolina, just outside of Charlotte, Family Dollar is a Fortune 300, publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com. About Checkpoint Systems, Inc. ( www.checkpointsystems.com) Checkpoint Systems is a global leader in merchandise availability solutions for the retail industry, encompassing loss prevention and merchandise visibility. Checkpoint provides end-to-end solutions enabling retailers to achieve accurate real-time inventory, accelerate the replenishment cycle, prevent out-of-stocks and reduce theft, thus improving merchandise availability and the shopper’s experience. Checkpoint's solutions are built upon 45 years of radio frequency technology expertise, innovative high-theft and loss-prevention solutions, market-leading RFID hardware, software, and comprehensive labeling capabilities to brand, secure and track merchandise from source to shelf. Checkpoint's customers benefit from increased sales and profits by implementing merchandise availability solutions to ensure the right merchandise is available at the right place and time when consumers are ready to buy. Listed on the NYSE (NYSE: CKP), Checkpoint operates in every major geographic market and employs 4,700 people worldwide.