Major North American Retailers Pilot Checkpoint Systems Evolve(TM) Shrink Management Technology
THOROFARE, N.J.–(BUSINESS WIRE)–June 19, 2008–Checkpoint Systems, Inc. (NYSE: CKP), a leading manufacturer and marketer of identification, tracking, security and merchandising solutions for the retail industry and its supply chain, today announced that a number of major retailers are now piloting its Evolve state-of-the-art shrink management technology, which was introduced earlier this year.
Retailers now utilizing the Evolve products include Anchor Blue, Babies R Us, CVS, LensCrafters, Kohl’s, Toys R Us, Vans and Wilsons.
Evolve is Checkpoint’s next-generation suite of electronic article surveillance (EAS) products. Evolve solutions provide retailers with a highly-scalable EAS system that helps reduce shrink, boost profitability and improve the customer shopping experience. In tandem with RFID technology, Evolve can also increase inventory visibility and accuracy through its in-store tracking capabilities.
Featuring improved Radio Frequency (RF) tag detection, Smart Alarm Management (SAM) to improve system integrity, and a Software Defined Radio (SDR) that can support multiple EAS and RFID tag frequencies, Evolve significantly improves the performance of traditional EAS technologies and provides retailers with a migration path for RFID adoption.
“The Evolve system equips retailers with a reliable shrink management solution that allows them to leverage their current technology investments while providing the flexibility to adapt as their technology needs change,” said Rob van der Merwe, Checkpoint CEO. “The fact that these major retailers are moving forward with their implementations further validates our vision for the future of shrink management, and we are pleased with the enthusiastic response to the Evolve products from our retail customers.”
Checkpoint Systems, Inc.
Checkpoint Systems, Inc. is the leading supplier of retail shrink management solutions. Checkpoint’s global team helps retailers – and their suppliers – reduce theft, increase inventory visibility and provide consumers with greater merchandise availability through the company’s rapidly evolving RF technology, expanding shrink management offerings and Check-Net labeling solutions. Checkpoint has more than one million RF devices installed in stores today and has secured more than 100 billion products. Scaling cost efficiently, Checkpoint’s solutions provide increased revenues and profits to a fast-growing community of successful retailers and a superior experience for their consumers. Listed on the NYSE (NYSE:CKP), Checkpoint operates in every major geographic market and employs 3,900 people worldwide. For more information, visit www.checkpointsystems.com.