Checkpoint Systems Tapped by Europe's Largest Retailer for Loss Prevention Technology; Carrefour's Source-Tagging Program is Largest Ever Conducted.THOROFARE, N.J. -- Checkpoint Systems, Inc. (NYSE NYSE See: New York Stock Exchange : CKP CKP Checkpoint CKP Crankshaft Position CKP Chandraseniya Kayastha Prabhu (caste of Maharastra, India) CKP Chris Key Players (band) CKP Concept Knowledge Processing ), the leading provider of radio frequency-based product identification and shrink management solutions for retailers and consumer package goods manufacturers worldwide, today announced the signing of a strategic agreement with Carrefour, Europe's largest retailer, to roll out an aggressive source-tagging program to help reduce shrink. Carrefour's source-tagging strategy to help protect merchandise at the point of manufacture will tap into Checkpoint's global network and provide a benchmark for other global retailers who collectively lost $38 billion to shrinkage last year (Source: European Retail Theft Barometer No 5, published by the Centre for Retail Research). The agreement is a giant step forward for Checkpoint's Radio Frequency (RF) source tagging program Noun 1. tagging program - a computer program that attaches labels to the grammatical constituents of textual matter tagger computer program, computer programme, programme, program - (computer science) a sequence of instructions that a computer can interpret as it creates a controlled and consistent environment for Carrefour's product protection worldwide. The protection of merchandise at the point of manufacture frees up retail staff to help customers by providing 'shelf-ready' protected items straight to stores, making it more difficult for shoplifters and staff to steal. The agreement will also see Checkpoint's Digital RF technology installed in all 179 of Carrefour's hypermarkets in France. Radio Frequency is rapidly becoming standard technology across Europe. This move will help all retailers improve product flows and effectively combat shoplifting Ask a Lawyer Question Country: United States of America State: Florida caught shoplifting at sears 12/05/05, first time, 20yearsold, have no criminal record. , which represented a loss of more than $6 billion in France alone, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the fifth edition of the European Retail Theft Barometer (September 2005). Checkpoint Systems will supply 7,800 third-generation digital RF antennas and 8,300 new-generation CP IX deactivators Deactivators is a computer game for the Commodore 64, ZX Spectrum and Amstrad CPC 464, developed by Tigress Marketing and published by Ariolasoft in late 1986. The music was written by Simon PC Frost and scanners for checkout counters. To optimize shrink management, the company will also deploy 179 Checkpro(TM) Manager software suites and the accompanying remote-maintenance application. The installation rollout should be completed by the end of 2007. With this strategy, Carrefour will have a single anti-shrink program driven by a single technology across its entire group of stores. Close global cooperation with Carrefour's offices in Hong-Kong and China should help speed deployment of the source-tagging program worldwide. The Checkpro(TM) Manager Web-enabled shrink management information system and remote-maintenance will ensure the highest possible performance across Carrefour. Most Aggressive Source-Tagging Program Undertaken In addition to equipping its stores with anti-shrink technology, Carrefour is launching the most aggressive source-tagging program ever implemented. To accomplish this, RF EAS RF EAS Radio Frequency Electronic Article Surveillance (electronic article surveillance See EAS. ) labels will be integrated into high-theft products at the point of manufacturing, including apparel, multimedia and alcoholic beverages
Source tagging helps retailers respond to consumers' increasingly high expectations for product presentation, speed to shelf and shelf availability. "We needed to shift to RF technology to develop source-tagging, facilitate the consumer's shopping experience and improve speed to shelf," said Jean-Claude Coutant, manager of the source-tagging project for Carrefour Hyper, France's non-food supply chain. "Now we've got a skilled and committed partner to help us develop our program." Bernard Theobald of the Perifem retailers' technical association noted: "All retailers would like to see greater use of source-tagging. Perifem will set up working groups on this topic to support source-tagging, which will expand through France and the rest of Europe, based on the momentum generated by Carrefour." "This decision from Carrefour Group is strategically important for other leading retailers," said Per Levin, President of Checkpoint Systems Europe. "Suppliers of consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and retailers now have the opportunity to develop winning strategies together, to sell more and lose less." About Checkpoint Systems, Inc. Checkpoint Systems, Inc. is the global leader in product identification and shrink management solutions for the retail industry and its supply chain. Checkpoint's services are aiming at increasing sales and protecting the profit of its customers. Listed on the NYSE, Checkpoint operates in every geographic market and employs more than 4,000 personnel worldwide. It specializes in source protection of consumer goods, RF EAS (Electronic Article Surveillance), RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. (Radio Frequency Identification See RFID. ) and merchandising solutions. A strategic platform for the source tagging service (CheckNet) is the global network for real-time delivery of critical information and protection applied on products at the point of manufacturing. Visit Checkpoint at www.checkpointsystems.com. About Carrefour Carrefour is Europe's leading retailer and ranks second worldwide, with more than 11,000 hypermarkets, supermarkets, hard discount and convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. in 30 countries and 430,000 employees. Corporate website: www.carrefour.com About Perifem Perifem has more than 160 corporate members, including all of the major retailers, numerous specialized banners and networks, shopping center developers and managers, and their manufacturing partners and service providers involved in store base operation and innovation. www.perifem.com |
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