Checkpoint Systems Enables Retailers to Obtain Critical Data and Analytic Intelligence With S3i RTLS Wireless In-Store Network
Increases Retail Sales, Improves On-Shelf Availability, Reduces Shrink on High-Value Merchandise
CHARLOTTE, NC — May 5, 2015 – 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.”
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.