Retail Intelligence Blog
June 14th, 2018
Using RFID to Prepare for Increased Customer Demand Around Major Events
Major national and international events offers retailers with a number of significant opportunities to drive sales at an exponential rate. For example, it was reported that the royal wedding is set to boost UK retail sales by an estimated £195m. As well, this summer’s FIFA World Cup will see retailers experience an influx of customers looking to purchase team memorabilia, souvenirs and alcohol. Whilst these events encourage consumers to spend more, it also presents a number of challenges that could see retailers fail to keep up with increased consumer demand; specifically around inventory management.
Most retailers believe that they have an accurate view of their inventory. However, the truth is that their stock accuracy can be as low as 68%; with items being easily misplaced or lost through the supply chain. Whilst this might be just about adequate for general day-to-day operations, it isn’t good enough when there is a clear increase in consumer demands shown around major events; leading to out-of-stocks, missed sales opportunities and poor brand experience. However, after implementing RFID ILT technology, retailers have seen that their inventory accuracy can be higher than 98%. (more…)
June 14th, 2018
How Retailers Are Discovering Inventory Inaccuracies After RFID Pilots
For retailers looking to implement RFID technology, a key challenge is quantifying how much difference Item-Level RFID can make to inventory accuracy. It is the promise of large improvements in inventory accuracy that is driving the exponential growth in the number of retailers who are starting pilots to experience first-hand the operational benefits of the technology.
In May 2018, SML hosted a Drapers webinar in partnership with Zebra Technologies and CapGemini to discuss how RFID can revolutionize a retailer’s inventory accuracy. (more…)
June 5th, 2018
SML Enables Mobile Phone Retailers to Reduce Shrink and Out-of-Stocks
The mobile phone industry has seen rapid growth within the last decade; driving competition amongst brands to release the latest handset and upgrades. The sector has become one of the fastest growing with 380 million units sold in 2017 alone.
As the industry continues to see exponential growth, retailers within this space are experiencing a number of challenges around accurate inventory management. These challenges include the time it takes receiving out-of-stock products and adequate shrink management within their stores. (more…)
May 14th, 2018
4 Key Takeaways From RBTE 2018
With Europe’s largest retail technology show over for another year, it’s apparent that retail has continued to evolve and adapt at an exponential rate. Taking place on May 2nd and 3rd at Olympia, London, RBTE proved a busy couple of days for the SML team with a number of successful meetings taking place and delegates stopping by the stand.
The event attracts almost 20,000 attendees each year with over 400 Exhibitors and 50 panels. Safe to say, that RBTE provides a number of industry insights and topics of conversation. Here are some of the key headlines from this year’s show and how they’ll influence retail through the rest of the year.
Retailers need to evolve or prepare to fail
It was recently announced that over 650 retail stores have closed their doors in 2018 already. Without doubt, this number is incredibly high and you can sense the anxiety felt by retailers as they look towards new technologies to transform their daily operations.
May 3rd, 2018
SML RFID to exhibit at Retail Business Technology Expo 2018
—SML RFID is exhibiting at Europe’s leading event for retail on 2-3 May 2018—
UK — May 2nd, 2018 — SML RFID, global leader in delivering high-performance and high quality encoded RFID tags for the majority of successful RFID retail projects, has today announced it is exhibiting at Retail Business Technology Expo (RBTE). The company will be on stand #E130 where it will be showcasing its range of RFID solutions, including certified RFID-enabled tags and its enterprise-class Clarity™ RFID software. (more…)
February 22nd, 2018
SML Becomes Sponsor of Auburn University RFID Center and joins Board of Advisors
SML RFID, global leader in delivering high-performance and high quality encoded RFID tags for the majority of successful RFID retail projects, has today announced it has become a member of Auburn University’s RFID Center and taken a seat on its board of advisors.
The lab has a focus on the implementation of RFID and other emerging technologies in retail such as supply chain and manufacturing. SML RFID will be providing system and solution expertise focused on enabling a seamless evolution to Omnichannel, providing better ROI for businesses and how their Clarity solution improves inventory accuracy. SML’s spectrum of RFID-enabled labels, tags, stickers and inlays will be on display and available for demonstrations at the lab.
January 15th, 2018
SML Group Unveils Breakthrough Small Form Factor Retail RFID Inlays Powered by NXP’s UCODE 8 Chip
Today, leading retail RFID solutions provider SML introduced the first production ready small form factor RFID inlay for the retail industry using the super high sensitive RFID chip, UCODE 8, from NXP. The GB4U8 RFID inlay, is fully compliant with GS1 EPC/RFID Gen2v2 standard, supports RAIN RFID with global UHF frequencies and meets the following Auburn University RFID Retailer Performance Specifications: Spec A, B, C, D, M, G, Q, F, and Spec N. GB4U8 RFID inlay, measuring only 42x16mm, is the first small format inlay in the RFID history to pass all active categories including F and N, making it ideal for use by omnichannel retailers in store and supply chain deployments around the world.
January 10th, 2018
SML Leverages Leadership in RFID Apparel and Footwear to Enter New Markets
SML is an established global leader in delivering high performance and high quality encoded RFID tags for the majority of successful RFID retail projects around the world. In addition, SML is one of the top item-level RFID software solutions companies with more than 1000 stores live.
Today the company announces their entry into six tangential markets that can benefit from item-level RFID solutions, sharing many of the same business case elements and omnichannel models that are driving adoption in the apparel and footwear segments. SML has identified the following market segments to pursue item-level inventory management
January 9th, 2018
Meet SML At The NRF 2018 Retail Big Show
This year’s NRF 2018 Retail Big Show is right around the corner, and SML RFID is looking forward to a flurry of activity at the Javits Convention Center. Join us and other industry leaders and innovators January 14 through 16, 2018, in New York City for the nation’s most important retail conference of the year. This is where you get a first look at new technologies, products and best practices and rub shoulders with both industry giants and up-and-comers.
Retail and RFID Trends: ROI That Makes You More Competitive
Modern retail strategy can’t simply spotlight the product and product delivery and call it a day. It’s not enough to have a stellar product; successful companies provide customers what they want and need as quickly and painlessly as possible. Processes are as important as products in many industries, and processes backed by the right data and technology tools tend to outperform those that aren’t.
November 15th, 2017
SML Sponsors RAIN RFID Alliance Meeting in Shenzhen, China
This past month, SML partnered with Invengo as a Platinum sponsor of the global RAIN Alliance meeting in Shenzhen, China. The more than 250 attendees had an opportunity to network with industry peers, engage in meaningful discussions, participate in workgroup meetings, attend enlightening presentations and even take a tour of the local Invengo factory.
Henry Lau, RFID Director, Asia Pacific at SML Group, led a presentation on the global trends of RAIN RFID deployment and solutions in the retail industry. In the presentation, he analyzed the global trends of RFID solutions as well as the deployments related to the great success of RFID in the retail industry in the past few years. He also gave real-world examples from numerous brands that have adopted RAIN RFID Retail technology.
SML is proud to be a member of this RFID industry alliance and works together with colleagues to help advance RAIN RFID technology to benefit the retail industry and will continue to contribute their expertise. Florence Lo, SML RFID Sales Operations Manager, is the co-chair of the RAIN Retail Workgroup and continues to lead the effort to expand applications of RFID technology in the retail industry.