New Strategic Initiative to Enhance Open Merchandising and Improve Consumers’ Shopping Experience
THOROFARE, N.J.–(BUSINESS WIRE)–Sep. 12, 2012– Checkpoint Systems, Inc., (NYSE: CKP), a leading global supplier of EAS solutions, merchandise visibility and apparel labeling solutions for the retail industry and its supply chain, today announced that it has been chosen by Tesco to implement a global EAS program to improve on-shelf availability of products, open merchandising and the consumer shopping experience.
Having successfully installed EVOLVE ECO in 1,250 Tesco Express Stores last year, Checkpoint has been asked to fast track the roll out of its advanced RF solutions in more than 900 of the retailer’s large formats Extra, Superstore and Metro stores over the next few months, replacing the existing acoustic-magnetic technology.
As part of the program, Tesco is upgrading its systems with the latest EAS technology by installing Checkpoint’s EVOLVE ECO, high-performance, energy-lean RF-EAS systems across Tesco’s entire estate in the UK. EVOLVE ECO antennas provide energy savings of up to 75 percent over existing competitive solutions, helping Tesco reduce its operational costs and carbon footprint. The UK installation will be completed ahead of Christmas.
, interim Chief Executive Officer and President, Checkpoint Systems
, welcomed the partnership and commented: “We are excited to be partnering with one of the world’s leading retailers and support its continuous quest to improve on shelf availability and enhance shoppers’ experience. With this roll-out, Tesco
now has Checkpoint solutions installed throughout the whole of the UK
as well as North America
Tesco is the UK’s largest retailer and one of the world’s leading international retailers. Tesco has around 5,000 stores worldwide, employing over 500,000 people in the 14 countries in which it operates. Our core purpose is to create value for customers to earn their lifetime loyalty. Our success depends on people: the people who shop with us and the people who work with us.
About Checkpoint Systems, Inc. (http://www.checkpointsystems.com)
Checkpoint Systems is a global leader in shrink management, merchandise visibility and apparel labeling solutions. Checkpoint enables retailers and their suppliers to reduce shrink, improve shelf availability and leverage real-time data to achieve operational excellence. Checkpoint solutions are built upon 40 years of RF technology expertise, diverse shrink management offerings, a broad portfolio of apparel labeling solutions, market-leading RFID applications, innovative high-theft solutions and its Web-based Check-Net data management platform. As a result, Checkpoint customers enjoy increased sales and profits by improving supply-chain efficiencies, by facilitating on-demand label printing and by providing a secure open-merchandising environment enhancing the consumer’s shopping experience. Listed on the NYSE (NYSE: CKP), Checkpoint operates in every major geographic market and employs 5,600 people worldwide.
Source: Checkpoint Systems, Inc.
GCC, Inc. (for Checkpoint)
George Cohen, 617-325-0011