Four retailers share their experiences of deploying RFID.
The results of a report investigating the impact of RFID in retail has found 100% of the retailers surveyed seeing a positive return on investment (ROI) after implementing the technology which leads to accurate retail inventory.
The report, commission by industry standards organisation GS1, featured retailer case studies from 10 brands, which between them have rolled out 1.9 billion tags across their businesses. It found that retailers could boost sales by 5.5% through the deployment of RFID tags.
RFID is not a new technology to retail, and in the past its stock accuracy benefits have been dampened by concerns over cost and privacy. But in recent years, the cost of the tags have significantly dropped, meaning retailers like M&S, John Lewis, River Island and Jack Wills have been able to conduct trials to understand the benefits of this technology, and roll it out to the wider business.
Following a panel discussion with these four retailers, Essential Retail, shares eight lessons they have learnt after rolling out RFID.
Source: 8 lessons learnt from rolling out RFID – Essential Retail