NEUHAUSEN, SWITZERLAND - Tyco Retail Solutions (www.tycoretailsolutions.com), a leading provider of retail performance and security solutions, today announced that Inditex Group, one of the world's largest fashion retailers, has awarded Tyco a chain wide contract for RFID-based Inventory Intelligence.
The Tyco solution is currently deployed in 700 Zara stores across 22 countries, and is recognized for delivering significant value to the Inditex business. As a customer focused retailer, having timely, accurate visibility into all merchandise styles, colors and sizes is critical. This visibility enables Inditex to create precise merchandise plans and tailored product assortments, and to deliver an exceptional customer experience across the Zara chain.
Real-time inventory visibility supports Inditex's strategic omni-channel objectives, ensuring the right products are in the right place at the right time. With this RFID-based solution, Inditex is achieving operational efficiencies through improved inventory processes and better controls for reducing shrink. The retailer is optimizing its inventory investment and maximizing sales and margins.
According to Pablo Isla, Inditex President, "Implementation of this next-generation technology is the one of the most significant changes ever in how the Group's stores operate."
Inditex is utilizing Tyco's Sensormatic dual technology RFID/Acousto-Magnetic (RFID/AM) hard tags and detachers at the point-of-sale (POS). Tyco is also managing Inditex's tag recirculation program through a cost effective and environmentally sound approach that allows re-use of RFID/AM tags. With this solution, Inditex is taking advantage of the benefits of RFID-based inventory visibility while controlling shrinkage with robust anti-shoplifting AM technology.
Tyco's best-in-class inventory intelligence and loss prevention solutions, combined with its global service model, have been central to Inditex's improved inventory accuracy and visibility. Tyco's professional services team has been a collaborative partner in the successful deployment of these solutions to Inditex stores around the world.
"Inditex has been a valued customer of Tyco for many years, and we are delighted to learn about the significant operational results and success with the deployment of our RFID solutions. As a world renowned fashion retailing leader, Inditex constantly delivers fresh assortments to attract customers. Now, having real-time visibility to their inventory enables Inditex to keep pace with fashion trends and meet discriminating shopper needs," said Nancy Chisholm, President, Tyco Retail Solutions.
