News posted on: 2019/4/30 3:02:26 - by - RFIDtagworld XMINNOV RFID Tag Manufacturer
Over 100 retailers and brand owners are embracing RFID technology for inventory management, delivery, loss prevention and customer experience.
The RFID technology has been adopted by many of the world’s leading retailers to improve inventory management. While many companies using RFID in retail have kept this competitive edge secret, more than 100 retailers have publicly acknowledged adoption of the technology, with top brands from 7-Eleven to Zara, including Burberry, C&A, Decathlon, H&M, Macy’s, Marks & Spencer, Target and TESCO.
The complex nature of retail inventory management, and the necessity of today’s retail approach, means that retailers are perfectly positioned to leverage the full benefit of RFID technology. The retailers who are deploying RFID realize that they can see significant improvements in sales and profit margins, thanks to inventory accuracy up to 98 percent and 50 percent reduction in out-of-stocks.
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