in Focus

Innovation drives retailers’ growth
In the speciality retail industry, innovation is based on two factors; technology and business processes. When these two elements come together, retailers see a significant increase in their key performance indictors (revenues, profits, productivity and service levels).

Innovation is a strategic choice, a commitment from the very top of an organisation. According to Wikipedia, innovation may be linked to performance and growth through improvements in efficiency, productivity, quality, competitive positioning, market share, etc.


The ROI of an RFID project is less than 6 months
RFID technology is increasingly being adopted by retailers and is making a huge impact on sales. The reasons are threefold; today an RFID label – costing between 13 and 17 pence - reduces the time it takes to carry out a stocktake by 20. Retailers like Levi's do a weekly stocktake of their American stores. "They no longer have discrepancies between actual and estimated stock. Information on all available merchandise is accessible 24/7, systematically increasing sales by approximately 10%", says Alain Sévaux, director for RFID development, Paxar Europe.