If you’ve searched at all for technology solutions that can deliver serious ROI for your stores, you’ve likely run across radio frequency identification (RFID).

RFID inventory solutions can make an enterprise-wide impact from source to store, driving sales, reducing out-of-stocks and markdowns, and helping retailers deliver on omnichannel customer commitments.

While the benefits are abundant, concrete financial answers to key questions like expected ROI, payback, and adequate investment levels — can be a bit more scarce.

That’s why we put together this new RFID ROI Estimator.

With just a few clicks and some basic information about your merchandise and stores, our estimator will give you a detailed breakdown of the metrics that matter most to help you make — and champion — your decision across the enterprise.

Come and explore this easy-to-use tool to determine how and when to invest in RFID inventory solutions for your stores.

RFID technology has been a valuable tool in retail. By helping to automate otherwise manual tasks like cycle counting, replenishment, receiving, searching for merchandise, and more, RFID technology achieves highly accurate inventory levels and reduces the time and effort needed to accomplish many lengthy and labor-intensive tasks. It offers unmatched item-level accuracy from source to store, providing significant advantages to retailers, store staff, and shoppers alike.

Through RFID, retailers can protect their bottom lines, avoiding costs from out-of-stocks and markdowns and saving on labor. In the store, store teams can accomplish more of their daily tasks faster — empowering limited staff to excel at delivering for their customers. This allows employees to spend more time assisting customers and making sales, ultimately delivering more revenue and creating better shopping experiences.

This advantage cannot be overstated in today’s omnichannel retail environments, and customer experience is creating a new imperative for retailers to adopt RFID. More and more, physical stores are absorbing fulfillment-center duties, acting as physical extensions of their online brands. Customers confirming store inventory online before a visit, placing an order for in-store pickup, or scheduling at-home delivery, rightfully expect advertised items to be in stock and available.

Achieving high levels of inventory accuracy will enable retailers to provide positive shopping experiences across all channels, preserve their brand reputations, and drive customer loyalty for repeat business in this new landscape.

Implementing RFID technology for inventory management can initiate enterprise-wide transformation, yielding advantages for most retailers. Through enhanced inventory accuracy and automatic product counting, retailers can reduce out-of-stocks and markdowns, save on labor costs, and deliver exceptional omnichannel shopping experiences.

Once you’ve run your own calculations through the RFID ROI Estimator, take the next step and schedule a demo with a Sensormatic Solutions specialist today to find the right RFID inventory solutions for your organization.

Shoppers’ concerns about security remained top of mind this summer—likely a relief to retailers who are also worried about crime’s effects on business. Almost half (44%) of survey respondents shared that safety and comfort are among the most important factors they consider when choosing a retail location.

However, with convenience still a critical factor for shoppers, tailoring security measures for individual stores remains. While half of shoppers said that they are at least somewhat likely to purchase items stored behind lock and key, nearly one-quarter (23%) said deterrents like these might stop them from making a purchase.

Amid ongoing inflation and economic concerns, back-to-school shoppers noted that they were more cost-conscious heading into stores this summer—and that’s unlikely to change with the season. Nearly two-thirds (61%) of survey respondents said they planned to spend less this summer than in the previous year, and three-quarters said price is crucial when making in-store shopping decisions. Meanwhile, Deloitte’s 2024 Back-to-School survey found that shoppers have been overlooking loyalty to specific brands or retailers to take advantage of better prices.

Retailers shouldn’t fret; knowing shoppers prioritize price over most other factors provides an opportunity to capture new customers. Furthermore, Deloitte found that 85% of back-to-school shoppers were willing to spend more on the right product or deal.