Home / Knowledge / News / Information Technology / RFID In Fashion to be held in New York City
RFID In Fashion to be held in New York City
11
Jun '09
RFID Journal, the world's leading media and events company covering radio frequency identification (RFID) technology, and the American Apparel & Footwear Association (AAFA) announced that Bill Hardgrave, director of the University of Arkansas' RFID Research Center will present new industry benchmarks related to the benefits that apparel retailers can achieve from using RFID, at the fourth annual RFID in Fashion conference and exhibition, being held on Aug. 12-13 at the Fashion Institute of Technology in New York City.

"We have now studied the impact of RFID at enough stores, and been given sufficient supplemental data by retailers who ran their own pilots, to be able to provide some industry benchmarks," Hardgrave said. "This is important, because it enables apparel retailers considering whether to deploy RFID to assess the potential return on investment without spending months or years testing the technology. That work has been done by many, and we have the relevant data."

In April of this year, the RFID Research Center released a research paper indicating that not only does RFID improve inventory accuracy, it can also eliminate the need for annual, manual inventory counts. The paper described the results of the third phase of a pilot studying item-level RFID technology in the retail environment, and was conducted at three Dillard's stores.

AMR Research recently surveyed apparel retailers, asking them to rank the importance of key operational issues they face, and to also rate their ability to respond to those problems. Inventory management and replenishment ranked the highest in terms of importance, though retailers rated their ability to solve the problem as low.

"Clearly, apparel retailers have been struggling with in-store inventory accuracy for a long time," stated Mark Roberti, founder and editor of RFID Journal. "The data gathered by Dr. Hardgrave, from numerous RFID deployments in apparel retail stores, reveals that RFID can have a major impact on this once-intractable problem."

RFID in Fashion will reveal how retailers can deploy radio frequency identification to improve inventory accuracy, reduce shrinkage and increase sales. The event will feature objective case studies presented by apparel, footwear and accessory retailers and suppliers that have deployed RFID in their operations. Attendees will learn how these companies are using the technology to:

• Improve in-store inventory accuracy from 65 percent to 98 percent
• Decrease the time required to take inventory in stores by 75 percent
• Reduce the time needed to receive goods into inventory by 85 percent
• Lower labor costs associated with markdowns by 50 percent
• Increase sales by as much as 15 percent

The event is co-produced by RFID Journal and the American Apparel & Footwear Association and is supported by the Vendor Compliance Federation and the the Trade Promotion Management Associates. Avery Dennison is the cornerstone sponsor of RFID in Fashion 2009. The event will feature a Leadership Forum, in which a select group of apparel retailers will discuss issues related to adoption of RFID technologies in the retail sector.

RFID Journal

Must ReadView All

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Courtesy: IRRC Institute

Apparel/Garments | On 27th May 2017

Up to 7.5 mn retail jobs in US at risk due to automation

About 6-7.5 million retail jobs in the US are likely to be automated...

Textiles | On 27th May 2017

Indian textiles ministry promotes wool sector

The ministry of textiles has taken multiple steps to promote the wool ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search