Retail Intelligence Blog
August 9th, 2018
Solving the RFID Tagging Needs of Retailers
The item-level RFID retail market has grown rapidly over the last few years as more and more retailers are transforming the way they manage inventory to serve customers more effectively, creating a New Era in retailing. With this rapid increase, retailers are rolling RFID out in its masses and adopting the technology at a rate of 30% per year. However, many retailers still believe that the technology requires the large investment as it once did. Yet, due to the evolution of the technology and more global deployments making implementation much more cost-effective, RFID carrying a high cost simply isn’t true; especially when compared to the ROI.
As one of the largest providers of item-level RFID, SML continues to invest in its technology and RFID tagging solutions to provide retailers greater value for money and rapid ROI. Its state-of-the-art high speed encoding and converting solutions are ensuring to accommodate the expansion of existing and new brands in a fast-paced retail industry. (more…)
July 5th, 2018
SML Unveils GB3U8 RFID Inlays Powered by NXP’s UCODE 8 Chip
Today, SML has announced the latest addition to its range of high performance RFID inlays, the new GB3U8 inlay which is fully compliant with GS1 EPC Gen2v2 standard, supporting RAIN RFID with global UHF frequencies.
Measuring only 50x30mm, the GB3U8 RFID inlays are designed for use by omnichannel retailers in store and across supply chain deployments around the world.
The new inlay is the latest entry in SML’s extensive portfolio of RFID inlays which enable retailers to track, manage and gather data on a number of market applications including denim items, poly bags, apparel tags and boxed items. (more…)
July 3rd, 2018
SML Continues to Expand Capacity to Support Growing Global RFID Market for Retail
—An impressive year for RFID has been witnessed across the globe—
DALLAS — July, 3rd 2018 — SML, the leading full-service Item-level RFID solution provider, has today announced its impressive progress in the retail industry. In 2017, the company produced over 1.4 billion encoded RFID tags, allowing SML to deliver encoded RFID tags to over 95% of the retail RFID rollout projects around the world.
SML is a trusted partner to the world’s largest retailers and top fashion brands, delivering proven results and rapid ROI. SML offers a broad range of certified RFID-enabled labels, stickers, hang tags, woven labels, printed fabric labels and inlays from the largest global network of RFID source-tagging service bureaus.
The Item-Level RFID encoded tag market is currently growing at over 30% each year and SML is investing heavily to support this rapidly growing market. High speed encoding and converting solutions are accommodating the expansion of existing and new brands in a fast-paced fashion industry. More SKUs, lower volumes per SKU with higher overall volume and faster sew to store timelines are aspects which can all be achieved by the adoption of RFID. (more…)
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.