Forty-five Percent of Top 50 Global Retailers Using Checkpoint Systems' Source
Resulting in Dramatic Reductions in Shrink,
Decreases in Merchandise out-of-Stock, Increases in Sales and Customer Service
N.J. - Dec. 8, 2014 - Checkpoint Systems, Inc., a leading global supplier of
merchandise availability solutions for the retail industry, today announced that
45 percent of the top-50 global retailers as identified by Deloitte are now
source tagging some merchandise categories using Checkpoint Systems processes.
Source tagging shifts the security tag application process from a manual
labor-intensive process at the store to an automated process at the point of
manufacture, allowing store associates to focus on servicing their shoppers
rather than applying tags. With a source-tagging throughput between 15,000 and
30,000 labels per hour, the process saves retailers a considerable amount in
store labor costs while ensuring application compliance, protecting brand
presentation and enhancing their customers' shopping experience.
"Why source tagging? It seems like a 'no brainer' to me. Today, it remains a
driver of incremental sales as much as it is a shortage management tool," said
industry expert Robert L. DiLonardo, principal of Retail Consulting Partners,
Checkpoint's source tagging program is used by 45 percent of the top-50 global
retailers throughout the world as identified by Deloitte in a recent research.
These retailers represent different vertical markets, from drug/pharmacy, to
discount store formats, to supermarkets, to general apparel and specialty
accessories like shoe stores. For example, U.S. retailers include CVS/Caremark
and Family Dollar among many others.
At a recently held
2014 National Source Tagging Symposium attended by a wide range of consumer
package goods manufacturers and retailers, including Mike Silveira, vice
president, Loss Prevention CVS/Caremark and Mark Mellor, divisional vice
president, Loss Prevention, Family Dollar, a Fortune 500 retailer noted that EAS
and source tagging are the backbone of his company's merchandise protection
program. He added that source tagging provides the first line of deterrence and
detection of shoplifting activities and that visible source tagging was proven
to provide even greater deterrence over hidden labels. Attendees, who met again
this month, agreed that visible source tagging should be the key focus of the
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