Interviews
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Paxar helps retailers shrink shrinkage
11 Jun '07
3 min read
Paxar Corporation will share insights on loss prevention best practices at the National Retail Federation's Loss Prevention Conference & Expo, which kicks off today at the San Diego Convention Center. Paxar, in partnership with thebigspace and Motorola, will demonstrate in the LP Secure Store solutions area cutting-edge capabilities for loss prevention using an interactive fitting room system and RFID mirror called the Magicmirror.
According to the 2005 University of Florida study sponsored by the NRF, retailers lose $37.4 billion a year to shrinkage -- inventory loss due to employee theft, shoplifting, vendor fraud and administrative error -- or 1.6% of sales.
It's a huge dilemma for the industry, with the rate of loss to retailers growing. In response, retailers are turning to more innovative approaches and tools to launch a powerful defense. One of the areas they are now exploring to reduce shrinkage is the fitting room. Considered an easy location for shoplifters, this private area is often poorly managed.
Visitors to the LP Secure Store in the Expo Hall, where numerous LP technologies will be integrated into a "mock" retail environment, will see first-hand how Paxar's turnkey solution is helping real-world retailers to better manage their fitting room processes and reduce theft.
By combining Paxar's custom-designed RFID labels and tags with digital content from thebigspace displayed on a mirror surface, along with Motorola's RFID readers and handheld devices, the Companies have developed a unique RFID-enabled, interactive fitting room system that meets retailers' security, sales and customer service needs.
According to the 2005 University of Florida study sponsored by the NRF, retailers lose $37.4 billion a year to shrinkage -- inventory loss due to employee theft, shoplifting, vendor fraud and administrative error -- or 1.6% of sales.
It's a huge dilemma for the industry, with the rate of loss to retailers growing. In response, retailers are turning to more innovative approaches and tools to launch a powerful defense. One of the areas they are now exploring to reduce shrinkage is the fitting room. Considered an easy location for shoplifters, this private area is often poorly managed.
Visitors to the LP Secure Store in the Expo Hall, where numerous LP technologies will be integrated into a "mock" retail environment, will see first-hand how Paxar's turnkey solution is helping real-world retailers to better manage their fitting room processes and reduce theft.
By combining Paxar's custom-designed RFID labels and tags with digital content from thebigspace displayed on a mirror surface, along with Motorola's RFID readers and handheld devices, the Companies have developed a unique RFID-enabled, interactive fitting room system that meets retailers' security, sales and customer service needs.
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Christian Guinet
French Textile Equipment Manufacturers’ Association (UCMTF)
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