ORLANDO, Fla.--(BUSINESS WIRE)--At the RFID Journal Live! 2014 conference in Orlando, Florida, RFID Journal today announced that Marks & Spencer (M&S) has won the Best RFID Implementation Award for its use of item-level RFID to improve on-shelf availability at all of its stores. As the winner of a Best RFID Implementation Award, Marks & Spencer demonstrated the best use of RFID technology in improving its supply chain and retail operations.
As the largest UK clothing retailer with 766 UK stores, M&S is focused on providing an exceptional customer experience to the 21 million shoppers who visit its stores each week by ensuring that the correct product mix is available in-store and online. Since partnering with Avery Dennison in 2003 for RFID on clothing, Marks & Spencer has moved to 100% RFID tagging for all its general merchandise to create accurate, holistic tracking of stock throughout its supply chain. As a result, M&S has improved inventory accuracy up to 50% and cut out-of-stocks by 30-40%.
Kim Phillips, head of packaging for Marks & Spencer, comments, “Marks & Spencer is honoured to win a Best RFID Implementation Award for our decade-long commitment to the technology. Having accurate stock information is a driver for our whole business, especially when it comes to omni-channel. Our partnership with Avery Dennison has been vital to the management of stock levels and ensuring that the correct product mix is always on display and available to our customers. The benefits we’ve experienced with item-level RFID go far beyond quantifiable savings and production times, allowing us to provide an enhanced customer journey that keeps us competitive in today’s challenging omni-channel retail environment.”
Working closely with M&S, Avery Dennison RBIS has developed RFID tags that are fully integrated into a complete range of labels and tickets. Currently there are multiple tag formats that use different color codes for each size. To date, Avery Dennison RBIS has supplied over one billion RFID tags to M&S with no data loss. Additionally, over 200 factories in twenty countries apply RFID tickets and labels for distribution in stores.
For the future, M&S is planning the development of RFID to cover the additional categories of jewellery, cosmetics, homeware and gifts, with implementation for cosmetics and beauty by the spring of 2015.
A judging panel of five prominent researchers and industry opinion leaders considered the company that best demonstrated how RFID is delivering real value to shareholders. The RFID Journal Award for Best RFID Implementation was presented on April 10, 2014, at RFID Journal Live! Held at the Orange County Convention Center in Orlando, Florida.
About Marks & Spencer
Marks & Spencer is one of the UK’s leading retailers, with over 21 million people visiting its stores each week. Offering stylish, high quality, great value clothing and home products, and outstanding quality foods, responsibly sourced from around 2,000 suppliers globally, M&S has 750 UK stores and 430 international stores in 53 territories.
About Avery Dennison RBIS
Avery Dennison RBIS, a global leader in apparel and footwear industry solutions, is a $1.6 billion division of Avery Dennison (NYSE: AVY). Avery Dennison RBIS provides intelligent creative and sustainable solutions that elevate brands and accelerate performance throughout the global retail supply chain. We elevate brands through graphic tickets, tags and labels, embellishments and packaging solutions that enhance consumer appeal. We accelerate performance through RFID enabled inventory and loss prevention solutions, price management, global compliance, and brand security solutions. Based in Westborough, Massachusetts, Avery Dennison RBIS responsibly serves the global marketplace with operations in 115 locations, 50 countries, across 6 continents. For more information, visit www.rbis.averydennison.com.
About Avery Dennison
Avery Dennison (NYSE:AVY) is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and 26,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. Headquartered in Glendale, California, the company reported sales from continuing operations of $6.1 billion in 2013. Learn more at www.averydennison.com.