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for retail: The Passive Technology, yet The Active Profit

Active Profit with SMART RFID

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Page 1: Active Profit with SMART RFID

for retail:

The Passive Technology,yet The Active Profit

Page 2: Active Profit with SMART RFID

NEW TECHNOLOGIES

Why do we need them?

optimization of processes

labor efficiency increase

savings and profits increase

better management

Page 3: Active Profit with SMART RFID

Retail Without Limits – A Modern Commercial Society, January 2015

PLUS…

83% customersEXPECT NEW TECHNOLOGIES IN RETAIL

Page 4: Active Profit with SMART RFID

RFID – THE OLD NEW TECHNOLOGY

RFID is a radio identification technology that is supposed to replace barcodes.

It is unceasingly being developed and more and more ideas of its usage are presented all the time.

Including ones that allow to increase profits and generate

savings.

Page 5: Active Profit with SMART RFID

SMART RFID – SOMETHING MORE

SMART RFID is the brand of technologically advanced products, giving real advantages thanks to simultaneous use of RFID, Bluetooth, WiFi, GPRS/GSM and ZigBee.

SMART RFID system is more functional, easier to implement and integrate with other solutions and business objectives are faster achieved.

Page 6: Active Profit with SMART RFID

STRONG RECOMMENDATION

These are real implementations and tested by thousands companies ways for bigger profits with RFID.

THEY ALREADY HAVE NOTICED RFID ADVANTAGES

Page 7: Active Profit with SMART RFID

1 SHOP, SO MANY PROFIT OPPORTUNITIES

ATTRACT NEW CUSTOMERS

DOUBLE THE RANGE OF YOUR LOYALTY PROGRAM

INCREACSE CONVERSION RATEWITH SMART RFID IN FITTING ROOM

PROVIDE YOUR CUSTOMERS WITH FULL AVAILABILITY OF

PRODUCTS

ACCELERATE CUSTOMER SERVICE

ELIMINATE THEFTS

Increase your turnover with SMART RFID.

Page 8: Active Profit with SMART RFID

ATTRACT NEW CLIENTS

Expand your strategy, wider your target group, increase the stream of profits.

With SMART RFID, you reach people who didn’t even visit your shop yet.

Invite potential clients passing by your shop by

identifying their:

- smartphones

- loyalty cards.

Page 9: Active Profit with SMART RFID

PRECIOUS LOYALTY

Affecting customer: impossible Only clients with loyalty cards can be reached

Offers for clients using your loyalty app mobile Reach the uttermost of your clients: those with cards and those with app mobile

Page 10: Active Profit with SMART RFID

ATTRACT NEW CUSTOMERS

40% of clients browse offers on their smartphones during shopping.

42% of companies use approiximation marketing39% claims to implement it within 3 years

71% of brands use beacons to track clients and learn about their shopping decisons Statista

It is estimated that 570 millions of smartphones are compatible with beacons.It is a huge potential for every brand.

Business Insider

Millenial Medial

Page 11: Active Profit with SMART RFID

PRECIOUS LOYALTY

American brand TOP Food & Drug saw that after 100 days after the start of RFID loyalty program, over 60% of customers were using it.

The first American brand that started RFID loyalty program was Tetherball.

”Our RFID-based solution, which works on any mobile phone, eliminates fraud and allows our clients to measure the performance of their campaigns with pinpoint accuracy via real time validation and reporting.”Jay Highley, CEO & COO

Page 12: Active Profit with SMART RFID

AVAILABLE GOODS = AVAILABLE PROFITSDo you take enough good care of your clients?

Do you know that you lose 18 of 100 clients, who leave your shop after not finding what they were looking for?

43% of clients go to your competition after not finding specific product in your shop

59% of clients would continue shopping if they would get unavailable product

INCREASE PRODUCTS AVAILABILITY

45% of your clients are disappointed with products unavailability

Page 13: Active Profit with SMART RFID

Don’t lose profitable opportunity.

Equip your staff with tool that helps to track and find any

product your customer is looking for.

Do you know that:

44% of your customers spend more money if salesperson

checks if product is available?

51% of your customers’ loyalty will strengthen if they find

product they are looking for in your shop

INCREASE PRODUCTS AVAILABILITY

Page 14: Active Profit with SMART RFID

SMART RFID is made for tracking and searching products:

searching accuracy is 99,7%

stock-taking is shortened by 96%

stock-taking may be performed

every day.

GOODS AND PROFIT AT YOUR FINGERTIPS

Page 15: Active Profit with SMART RFID

With RFID, Marks&Spencer became the brand where you can always find your size.RFID implementation was planned as a way for achieving 100% products availability both in stores and on-line.In 2014, M&S was the first brand-ever that marked its all products with RFID tags.

Results?More than satisfying.Stock-taking precision increased by 50%. Goods shortage decreased by 30-40%.

„From the beginning, the M&S RFID implementation was driven by measurable financial benefits, as well as a desire to improve customer service through greater stock availability” – Steve Finlan, retail director of Marks & Spencer.

GOODS AND PROFIT AT YOUR FINGERTIPS

Page 16: Active Profit with SMART RFID

- occasional stock-taking- no current info on stocks- unsatisfying precision- time-consumming activity

STOCK TAKING

- stock-taking performed a few times a day- access to latest info on stocks- maximum precision- stock-taking done in few minutes

AVAILABLE GOODS = AVAILABLE PROFITS

Page 17: Active Profit with SMART RFID

AVAILABLE GOODS = AVAILABLE PROFITS

With SMART RFID staff is always perfectly informed about stock and goods availability. It leads to increase of orders precision as you order only these products which are needed and popular among customers.

Your staff can always answer customers’ questions if any product is available and where to find it.

Customer will never leave your shop empty-handed.

Page 18: Active Profit with SMART RFID

AVAILABLE GOODS = AVAILABLE PROFITS

After introducing RFID, Coccinelle reduced internet order cancellations by 60%.

Stock-taking became more precise and there is 100% match betweenadministrative inventory and actual inventories.

The stock-taking of ZARA biggest boutique used to last 5 hours and 40 employees were needed to perform it.

With RFID, it takes only 2 hours and 10 employees.

Page 19: Active Profit with SMART RFID

AVAILABLE GOODS = AVAILABLE PROFITS

After RFID implementation, METRO Group experienced some serious benefits, including: - 14% reduction in warehouse labor, - 11% improvement in stock availability, - 18% reduction in lost goods.

In Gerry Weber shops with space over 200 m2 stock-taking lasts 5-10 minutes and its accuracy is 95-99%.

It can be done every day hence goods shortage is less than 1%.

Page 20: Active Profit with SMART RFID

SMART RFID will effectively encourage customers for shopping.

Just install SMART RFID in your fitting room or POS.

Results will be astonishing.

TRY HIGHER PROFITS ON

Page 21: Active Profit with SMART RFID

In your fitting room customer will gett automatical suggestions what could be bought to look even more fashionable and trendy.

SMART RFID gives you the wide choice for increasing POS sales effectivity. Customer needs only to put product on it and then the suggestive ads will be shown. Shopping motivation is on the rise.

Such external incentives effectively affect customers, helping in increasing sale results.

TRY HIGHER PROFITS ON

Page 22: Active Profit with SMART RFID

After installing RFID in Ralph Lauren boutiques, 90% customer engagement increase was observed.

„Connected Commerce”

62% customers buy more when they get personalized offer.

85% customers chose these shops which have promotions for people inside boutique.

TRY HIGHER PROFITS ON

Page 23: Active Profit with SMART RFID

Long lines

Nervous waiting to be served

Long duration of customer service Threat for brand positive image

Risk of overcrowding

CASH REGISTER: YOUR SHOP BOTTLENECK

Page 24: Active Profit with SMART RFID

SMART RFID shortens lines to cash register and increases daily number of transactions by 6%.

RFID reader shortens customer service.

1 customer = 6 seconds. No matter how many products are bought.

Products need to be put on counter to be immediately and correctly scanned.

The more customers served daily, the more you sell and earn.

Logical, isn’t it?

FASTER, BETTER, MORE

Page 25: Active Profit with SMART RFID

RFID in cash registers is also used by Belgian brand JBC.

Customers appreciate that they are served much faster,JBC’s CEO, Bart Claes.

JCPenney plans to replace checkers with RFID technology.

Brand wants to save 10% of its expenses

(500 milions dollars) spent on transactions.

FASTER, BETTER, MORE

Page 26: Active Profit with SMART RFID

USA retail loses in every eyar about 60 millions of dollars due to thefts:

38% thefts – clients

35% thefts – employees

27% thefts – contractors, managers, administration.

After introducing RFID for products protection, American Apparel brand

noted 75% decrease of stolen goods - Stacey Shulman, American Apparel’s VP of technology.

THIEVES OUT

Page 27: Active Profit with SMART RFID

THIEVES OUT

Anti-theft gates with SMART RFID help in reducing the number of customer thefts by 90%,

staff thefts by 98%.

Page 28: Active Profit with SMART RFID

FASTER, BETTER, MORE

Decathlon has surely a lot of good things to say about RFID in cash registers.

RFID installed in cash registers is also used as anti-theft protection. It helped in 9% reduction in stolen goods.

Annual sales increased by 11%, too.

Page 29: Active Profit with SMART RFID

SMART RFID – THE HIGHEST LEVEL OF PROFITS

Page 30: Active Profit with SMART RFID

POSITIVE BALANCE

Opportunities for increasing profits with SMART RFID are huge.

Implementing SMART RFID just in one area is enough to generate profits.

Implementation costs are smaller than you think.

This is why RFID technology is so succesful in convincing new companies to invest in in: it just brings profits for those who are already using it.

Page 32: Active Profit with SMART RFID

Contact us

[email protected]