Home / Knowledge / News / Information Technology / Expert to reveal benchmarks for RFID use in apparel retail

Expert to reveal benchmarks for RFID use in apparel retail

04
Aug '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

Avery Dennison will be 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 in Fashion


Must ReadView All

Pic: Tapestry

Fashion | On 20th Aug 2019

Tapestry net sales climb 2% to $1.51 bn in Q4 2019

Net sales for Tapestry, a house of modern luxury accessories and...

Pic: V-Bazaar

Retail | On 20th Aug 2019

V-Bazaar targets ₹750 cr turnover by 2021 with 120 stores

Relying on sales network expansion, Indian fashion and apparel...

Pic: Vuori Clothing

Fashion | On 20th Aug 2019

Norwest Venture makes equity investment in Vuori

Norwest Venture Partners has announced that it has made a growth...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

Quality should be the #1 priority

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Davide Maccabruni,

Davide Maccabruni

Schärer Schweiter Mettler (SSM) manufactures and supplies textile...

Alexander Foll,

Alexander Foll

Germany-based H Stoll AG &amp; Co KG manufactures flat knitting machines....

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


August 2019

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

news category


Related Categories:

Advanced Search