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Family Dollar Deploys Checkpoint Systems’
EAS Technology to Improve Profitability
THOROFARE, N.J. – Oct. 9, 2013
– Checkpoint Systems, Inc. (NYSE:CKP), a leading global supplier of merchandise
availability solutions for the retail industry and its supply chain, announced
today that
Family Dollar Stores, Inc. (NYSE: FDO) has entered into a multi-year
agreement that includes the deployment of Checkpoint’s
EVOLVE P10 ECO electronic article surveillance (EAS) solutions in all of
its
existing and future stores. The rollout in Family Dollar’s existing 7,900 stores
is expected to be completed by December 2014.
For the past three years, Checkpoint and Family Dollar have been analyzing
results in a number of test stores across the country. Based on the results
gathered from these stores, Family Dollar is installing the EVOLVE P10 ECO
solution, designed to reduce shrink and lower energy costs. Checkpoint's
national field engineers organization and proven fast roll-outs in similar large
chains was a component in Family Dollar's decision to partner with
Checkpoint.
According to Per Levin, President and Chief Sales Officer-Checkpoint Systems,
“We are thrilled to participate in the continued success story of Family Dollar.
This is a proven program, with a significant ROI, so our focus is on speedy and
efficient implementation. The program is also a strategic platform for future
added value; the long-term partnership, therefore, is exciting for both
companies.”
"As one of the fastest growing retailers in the country, we continuously
look
for ways to expand our assortment and offerings for our customers," said
Chris
Nielsen, Family Dollar Vice President – Loss Prevention. “We are encouraged by
the success we have already experienced in our test stores, and I am confident
that installing Checkpoint's system in all of our locations will deliver an
immediate impact on our profitability by reducing our shrink and increasing
sales."
Checkpoint's flagship EVOLVE EAS technology also helps retailers leverage
real-time data for better store operational decisions. In addition, with
EVOLVE ECO electronics, energy consumption is reduced by up to 75
percent
over alternatives, providing significant operational cost savings. The
investment in EVOLVE will serve as the backbone for Family Dollar’s
product-protection program, leveraging Checkpoint's full suite of high-risk
merchandise protection solutions.
CONTACT:
George Cohen (for Checkpoint)
GCC, Inc.
617-325-0011
george@gccpr.com |
