Checkpoint Systems Enables Retailers to Obtain Critical Data and Analytic Intelligence With S3i RTLS Wireless In-Store Network
May 05 2015 - 8:08AM
Business Wire
Increases Retail Sales, Improves On-Shelf
Availability, Reduces Shrink on High-Value Merchandise
Checkpoint Systems, Inc. (NYSE: CKP), a leading global supplier
of merchandise availability solutions for the retail industry,
today announced the launch of S3i, a scalable RTLS (real time
location system) wireless in-store network that works with enhanced
Alpha High Theft Solutions’® alarmed devices to obtain critical
data and analytic intelligence, increasing sales, improving
on-shelf availability and reducing shrink on high-value
merchandise.
S3i’s smart devices work in conjunction with smart keys to
register all events, such as commissioning, removal of devices and
theft. Through better and real-time stock visibility and shrink
reduction, store managers are then able to increase sales. Better
stock visibility allows retailers to know where the products are in
real time, and also have a clear and accurate vision of the
quantities, while the use of smart keys reduces both internal and
external shrink.
S3i offers retailer's corporate management, store operations and
loss prevention critical data on inventory quantity, location and
movement of their high-value items within the store. For example, a
store manager can have immediate visibility to all of the store's
high-value merchandise protected with S3i devices.
When a shopper inquires about a specific item, the store
associate can quickly locate it following the user-friendly
graphical user interface. Any shoplifting attempt to remove the S3i
device creates an immediate alert/alarm that enables store
personnel to address according to store policies. In addition, any
removal of the S3i device with an authorized key is logged and can
help reduce incidents of internal theft.
According to Uwe Sydon, Senior Vice President of Innovation,
Checkpoint Systems, “With S3i, the ability to reduce theft of
high-risk merchandise and collect actionable retail intelligence
just got easier. We’re taking security to a whole new level, going
beyond loss prevention, to reduce out-of-stocks, improve the
shopper experience and generate operational efficiencies.”
S3i Devices
Alpha’s proven S3 CableLoks®, Hard Tags and Spider Wraps® have
been enhanced by adding S3i technology, making them smart, and
giving them the ability to let retailers know exactly where and
what is happening with their high-value merchandise. Retailers are
enabled to openly display high-risk merchandise such as
electronics, designer apparel, luxury handbags and more, improving
the shopping experience and increasing likelihood of sale.
Some large retailers are seeing the benefits as they are
piloting S3i to create zones around high-risk merchandise and
high-risk areas such as backrooms, fitting rooms, rest rooms and
exits. With the technology, they are able to detect and deter
shoplifting, organized retail crime and employee pilfering. S3i is
customized to provide real-time notifications when merchandise
enters or exits designated zones or when there is an attempted
unauthorized removal of the device. It uses audible and/or visible
alerts delivered to associates via smartphones, tablets, radio
headsets, or public address systems. This enables retailers to
track high-risk merchandise in real-time and respond more quickly
to potential theft events.
S3i is available immediately.
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 more than
4700 people worldwide.
Twitter: @CheckpointSys
GCC, Inc.George Cohen, 617-325-0011george@gccpr.com
Checkpoint (NYSE:CKP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Checkpoint (NYSE:CKP)
Historical Stock Chart
From Apr 2023 to Apr 2024