Oct 21, 2016—
The rate of adoption for radio frequency identification in the retail apparel, footwear and accessories market has more than doubled during the past two years, according to a survey of 60 European and U.S. retailers and wholesalers, conducted by management and strategy consulting firm Kurt Salmon. The company’s first large retail study, carried out in 2014, found that 34 percent of respondents had either implemented or were currently implementing or piloting RFID (see Many RFID-Adopting Retailers Report More Than 5 Percent Improvement in Gross Margins). When Kurt Salmon conducted a similar survey two years later, in May 2016, that rate grew to 73 percent. Of the 16 respondents not using RFID, 86 percent indicated that management at their company was focused on other priorities, while only 2 percent felt that RFID would not provide substantial benefits.
Source: Large Apparel Retailers, Wholesalers See Sharp Rise in RFID Adoption, ROI – Page 1 – RFID Journal