With the recent news out of Marks & Spencer that the retailer will tag 400 million items this year, many retailers are stepping up their tagging programs as well. Improved inventory accuracy, which leads to fewer out-of-stocks, increased sales and enhanced customer service, are some of the primary reasons for deploying RFID.
Major retailers including Macy’s, Kohl’s and American Apparel in the U.S., and Gerry Weber, Charles Vögele and s.Oliver in Europe are taking advantage of the technology. RFID has helped many retailers increase inventory accuracy to 99 percent or higher while lifting sales from five percent to as high as 25 percent.
According to RFID solution provider Nordic ID, American Apparel now recoups its investment in 4.5 months for every store that rolls out RFID. And Gerry Weber is experiencing zero shrinkage in transport and less than one percent stock-out situations since it deployed RFID.
Nordic ID has assembled a great page summarizing the benefits of RFID for apparel, footwear and accessories retailers, as well as quick outtakes from retailers who have already deployed.
Click here to view the entire retail solution page from Nordic ID.