Checkpoint Systems, Inc., (NYSE:CKP), a leading global supplier of merchandise availability solutions for the retail industry, today announced that a leading North American retail chain completed the deployment of Checkpoint’s Radio Frequency Identification (RFID) solutions in all of its 1,000+ retail stores.
The retailer selected Checkpoint as its end-to-end solution provider based upon many criteria, including Checkpoint’s performance during a pilot in a significant number of its stores and its capability to scale-up deployment of hundreds of stores per week. Checkpoint’s 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. As a result, consumers will find exactly what they are looking for when they are ready to buy. 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.
To accomplish this, 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. Based on its solution architecture and deployment methodology, Checkpoint was able to complete the implementation of this solution chain-wide in more than 1,000 stores in just 100 days.“RFID provides rapid benefits and a platform for competitive advantage. We are excited to be the systems integrator and program lead for this implementation, and we are committed to a successful and evolving RFID program as this innovative retailer aims to leap-frog its competition,” commented Per Levin, President and Chief Sales Officer, Merchandise Availability Solutions, Checkpoint Systems.
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 Plus 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