Historically, retailers have experienced challenges with tracking in-store inventories. According to the January 2008 IHL/RIS News Store Systems Study, out-of-stocks (merchandise not available for sale) alone may contribute up to $93 billion of lost revenue for retailers in the Americas. This lost revenue is compounded by higher operational costs, lost sales opportunities and an erosion of customer service. Retailers could experience nearly 4% increase in same store sales by solving out of stocks. As IHL further reports, the average retailer loses the equivalent of $3.19 for every customer that walks through the doors due to OOS, resulting in either lost sales of specific items or a substitute product in that category.

According to AMR Research, out-of-stocks can be reduced up to 50% by implementing item-level RFID. For example, items out-of-stock on a retail display are missed sales opportunities due to the lack of product availability. With item-level RFID, retailers will be aware of out-of-stocks and thereby fulfill store level replenishment.

VUE has significant market traction with leading retailers worldwide for real-time store inventory visibility applications, resulting in up to 99 percent sales floor inventory availability and an increase in same store sales of up to 25 percent in recent applications.