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Checkpoint Systems Launches Intelligent Loss Prevention Solutions to Protect Luxury Merchandise from Source to Store

Solutions can effectively detect and deter shoplifting, organized retail crime and employee pilfering
Checkpoint Systems
2015-09-11 17:14 4209

HONG KONG, Sept. 11, 2015 /PRNewswire/ -- Checkpoint Systems, Inc. (NYSE: CKP), a leading global supplier of merchandise availability solutions for the retail industry, has announced the launch of a series of smart loss prevention and RFID solutions for Hong Kong retailers that can protect their high-value merchandise from loss and theft throughout the supply chain all the way from the manufacturer to the store.

Checkpoint has enhanced its Merchandise Visibility Solution with new labeling and RFID (radio frequency identification) technology which enable manufacturers to apply RFID-based tags at the point of manufacture cost-effectively. These RFID tags can be read throughout the supply chain, and enable each product to be tracked or located individually. Information about the product's location is automatically captured and verified against expected quantities in real time to help reduce on-hand inventory at the manufacturing facility or the warehouse.

Once merchandise reaches the store, retailers can determine exact item-level quantities using handheld readers that are compatible with Checkpoint's software and hardware to cycle-count merchandise in an entire department or a store in a matter of minutes. The solution helps to optimize operational efficiency by helping to reduce the time required to complete a stock count by an average 60-70%.

Retailers can keep track of the location and movement of their high-value items within the store using Checkpoint's new S3i solution, a scalable, wireless network that provides critical data and analytic intelligence such as inventory quantity.

Shop staff receive real-time notifications and alerts simultaneously via smart phones and other devices when merchandise protected with S3i devices is tampered with or moved in and out of designated zones so that they can respond quickly to prevent shoplifting. In addition, any removal of the S3i device with an authorized key is logged and can help reduce incidents of internal theft.

S3i can be deployed to create zones around high-risk merchandise and high-risk areas such as backrooms, fitting rooms, rest rooms and exits.  With the technology, retailers are able to detect and deter shoplifting, organized retail crime and employee theft.

According to Mr. Ken Ng, Manager Director for Greater China at Checkpoint Systems, "We offer a full suite of solutions that give retailers the ability to openly display high-risk merchandise such as luxury handbags, designer apparel and electronics, while helping them to reduce loss and theft from the source to the shopper. The solutions also greatly improve the customer experience and allow secure access to these items, increasing the likelihood of a sale."

"Furthermore intelligent tracking of merchandise will help retailers reduce on-hand inventory and provide them with insight into store activity and customer shopping habits in store, which will help drive sales," Mr. Ng said.

Checkpoint Systems has also developed enhanced state-of-the-art electronic article surveillance (EAS) solutions, which features jammer detection technology, at the store level. Integrated into antennas within the portfolio, the system identifies if an EAS 'jammer' has been brought into the store and activates an alarm, which alerts staff to the potential threat and acts to deter possible shoplifters.

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 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 and 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.

Twitter @CheckpointSys

CONTACT:

Vianne Fung
Golin
+852-2501-7908
VFung@golin.com

Source: Checkpoint Systems
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