Company Website:
http://www.rbis.averydennison.com/
ORLANDO, Fla. -- (Business Wire)
At the RFID
Journal Live! 2014 conference in Orlando, Florida, RFID Journal
today announced that Marks
& Spencer (M&S) has won the
Best RFID Implementation Award for its use of item-level RFID to improve
on-shelf availability at all of its stores. As the winner of a Best RFID
Implementation Award, Marks & Spencer demonstrated the best use of RFID
technology in improving its supply chain and retail operations.
As the largest UK clothing retailer with 766 UK stores, M&S is focused
on providing an exceptional customer experience to the 21 million
shoppers who visit its stores each week by ensuring that the correct
product mix is available in-store and online. Since partnering with
Avery Dennison in 2003 for RFID on clothing, Marks & Spencer has moved
to 100% RFID tagging for all its general merchandise to create accurate,
holistic tracking of stock throughout its supply chain. As a result, M&S
has improved inventory accuracy up to 50% and cut out-of-stocks by
30-40%.
Kim Phillips, head of packaging for Marks & Spencer, comments, “Marks &
Spencer is honoured to win a Best RFID Implementation Award for our
decade-long commitment to the technology. Having accurate stock
information is a driver for our whole business, especially when it comes
to omni-channel. Our partnership with Avery Dennison has been vital to
the management of stock levels and ensuring that the correct product mix
is always on display and available to our customers. The benefits we’ve
experienced with item-level RFID go far beyond quantifiable savings and
production times, allowing us to provide an enhanced customer journey
that keeps us competitive in today’s challenging omni-channel retail
environment.”
Working closely with M&S, Avery Dennison RBIS has developed RFID tags
that are fully integrated into a complete range of labels and tickets.
Currently there are multiple tag formats that use different color codes
for each size. To date, Avery Dennison RBIS has supplied over one
billion RFID tags to M&S with no data loss. Additionally, over 200
factories in twenty countries apply RFID tickets and labels for
distribution in stores.
For the future, M&S is planning the development of RFID to cover the
additional categories of jewellery, cosmetics, homeware and gifts, with
implementation for cosmetics and beauty by the spring of 2015.
A judging panel of five prominent researchers and industry opinion
leaders considered the company that best demonstrated how RFID is
delivering real value to shareholders. The RFID Journal Award for Best
RFID Implementation was presented on April 10, 2014, at RFID Journal
Live! Held at the Orange County Convention Center in Orlando, Florida.
About Marks & Spencer
Marks & Spencer is one of the UK’s leading retailers, with over 21
million people visiting its stores each week. Offering stylish, high
quality, great value clothing and home products, and outstanding quality
foods, responsibly sourced from around 2,000 suppliers globally, M&S has
750 UK stores and 430 international stores in 53 territories.
About Avery Dennison RBIS
Avery Dennison RBIS, a global leader in apparel and footwear industry
solutions, is a $1.6 billion division of Avery Dennison (NYSE: AVY).
Avery Dennison RBIS provides intelligent creative and sustainable
solutions that elevate brands and accelerate performance throughout the
global retail supply chain. We elevate brands through graphic tickets,
tags and labels, embellishments and packaging solutions that enhance
consumer appeal. We accelerate performance through RFID enabled
inventory and loss prevention solutions, price management, global
compliance, and brand security solutions. Based in Westborough,
Massachusetts, Avery Dennison RBIS responsibly serves the global
marketplace with operations in 115 locations, 50 countries, across 6
continents. For more information, visit www.rbis.averydennison.com.
About Avery Dennison
Avery Dennison (NYSE:AVY) is a global leader in labeling and packaging
materials and solutions. The company’s applications and technologies are
an integral part of products used in every major market and industry.
With operations in more than 50 countries and 26,000 employees
worldwide, Avery Dennison serves customers with insights and innovations
that help make brands more inspiring and the world more intelligent.
Headquartered in Glendale, California, the company reported sales from
continuing operations of $6.1 billion in 2013. Learn more at www.averydennison.com.
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Contacts:
Racepoint Global
Colleen McCarthy, 617-624-3275
cmccarthy@racepointgroup.com
Source: Avery Dennison
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