|By Business Wire||
|April 3, 2014 03:19 PM EDT||
Checkpoint Systems, Inc. (NYSE:CKP), a leading global supplier of merchandise availability solutions for the retail industry, today announced that it is implementing EAS loss prevention technology in each of Family Dollar’s more than 8,000 stores nationwide. This is one of the fastest roll-outs in the industry, with 3,500 installations already completed and 120 more occurring each week.
Both companies have also begun the planning process to implement source tagging as well as a hard tag @source program. By working with Family Dollar’s consumer packaged goods and apparel suppliers, this new program will ensure merchandise arrives at Family Dollar stores EAS tagged and shelf-ready, enhancing its customer's shopping experience. With both tagging programs, Family Dollar aims to further reduce shrink and increase team members’ productivity by focusing their time on customer-facing activities.
After extensive field testing, Family Dollar chose Checkpoint’s EVOLVE P10 ECO electronic article surveillance (EAS) solutions because it positively impacted its store profitability by reducing shrink, lowering energy costs and had a significant increase on merchandise availability of key high-velocity items.
According to Julie Giblin, Family Dollar’s VP of Loss Prevention, “This rollout has already positively impacted our profitability. We could not be more pleased with the results and the partnership with Checkpoint, especially with the implementation speed."
Per Levin, president and chief sales officer Merchandise Availability solutions, Checkpoint Systems, said, “Teams on both sides are enthusiastically executing one of the most ambitious EAS roll-outs in the world, and are now engaging the vendor community in source tagging to deliver even greater financial benefits to the program.”
About Family Dollar
For more than 50 years, Family Dollar has been providing value and convenience to customers in easy-to-shop neighborhood locations. Family Dollar’s mix of name brands and quality, private brand merchandise, appeals to shoppers in more than 8,000 stores in rural and urban settings across 46 states. Helping families save on the items they need with everyday low prices creates a strong bond with customers who refer to their neighborhood store as “my Family Dollar.” Headquartered in Matthews, North Carolina, just outside of Charlotte, Family Dollar is a Fortune 300, publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com.
About Checkpoint Systems, Inc. (www.checkpointsystems.com)
Checkpoint Systems is a global leader in merchandise availability solutions for the retail industry, encompassing loss prevention and merchandise visibility. Checkpoint provides end-to-end solutions enabling retailers to achieve accurate real-time inventory, accelerate the replenishment cycle, prevent out-of-stocks and reduce theft, thus improving merchandise availability and the shopper’s experience. Checkpoint's solutions are built upon 45 years of radio frequency technology expertise, innovative high-theft and loss-prevention solutions, market-leading RFID hardware, software, and comprehensive labeling capabilities to brand, secure and track merchandise from source to shelf. Checkpoint's customers benefit from increased sales and profits by implementing merchandise availability solutions to ensure the right merchandise is available at the right place and time when consumers are ready to buy. Listed on the NYSE (NYSE: CKP), Checkpoint operates in every major geographic market and employs more than 4700 people worldwide.