RFID Talk Blog

How RFID can curb $9B worth of retail holiday theft

Retailers lose nearly $9 billion to shoplifting and internal shrink during the six week holiday shopping period before Christmas. RFID, however, is likely to put a big bite into retail theft by changing the landscape for high-theft products.

According to the Centre for Retail Research, the top product categories targeted by thieves during the Christmas period include alcohol, women’s clothing and fashion accessories, toys, perfume and health and beauty gift packs, and electronic devices such as smartphones and tablet computers. The research was made possible by a research grant from Checkpoint Systems.

RFID item level tagging

About 180 million bottles of alcohol will be tagged in 2012, mostly in the APAC region.

Many of these products are already carrying RFID tags, most notably women’s apparel, as item level tagging explodes in the fashion industry. While RFID doesn’t totally eliminate theft, German retailer Gerry Weber has already integrated RFID with its EAS system to curtail theft, and American Apparel has reduced shrink by 75 percent at some of its RFID-enabled stores. American Apparel plans to roll out RFID to 220 stores next year.

As far as the other products categories mentioned in the report, RFID tags are already being affixed to alcohol products in Asia, although primarily to limit counterfeits and allow consumers to verify products on the retail floor. And it is widely believed that perfume and cosmetics will be the next target for item-level tagging over the next 12 months.

And Intel is already including RFID in tablets, which can lead to benefits for manufacturers, retailers and consumers. According to Impinj, Amazon’s Kindle e-reader also contains an RFID tag inside the case which can help retailers when it comes to returns and warranty issues. Embedded RFID can also help retailers to personalize a product for the consumer before it even leaves the box, and to increase add-on revenues by loading the device with gift cards, for example.

So over the upcoming years, RFID should contribute to a dramatic decrease in shoplifting and internal shrink.

“During Christmas, consumers spend 60 percent more than in other months, and retailers need to ensure the merchandise is available on the shelves for consumers to buy,” says Per Per Levin, president and chief sales officer for Shrink Management & Merchandise Visibility Solutions for Checkpoint Systems. “We know from past studies that there is a clear correlation between investments in preventive solutions and the rate of shoplifting. With the right solutions in store, it is possible to reduce the threat of further losses, increase merchandise availability and reap the maximum returns during holiday season.”

EmailFacebookTwitterShare

windows 7 key generator

windows 7 key generator

windows 7 activation crack

windows7 activation crack

free winrar

free winrar

free winzip

free winzip

winzip activation code

winzip activation code

winzip freeware

winzip freeware

windows 7 product key

windows 7 product key

windows 7 ultimate product key

windows 7 ultimate product key

winrar free

winrar free

winzip free download

winzip free download

winzip free download full version

winzip free download full version

windows xp product key

windows xp product key

free winrar download

free winrar download

windows 7 crack

windows 7 crack

winzip registration code

winzip registration code

winrar free download

winrar free download

download winrar free

download winrar free

winrar download free

winrar download free