Tags: rfid | technology | retail | outlets

RFID Technology Boosts Retail Outlets Odds of Survival

Image: RFID Technology Boosts Retail Outlets Odds of Survival
(AP)

By    |   Wednesday, 14 March 2018 12:32 PM

Brick-and-mortar stores in the Age of Amazon have become a bit of an endangered species. But it now appears a new way of tracking inventory — the lifeblood of any retail establishment — is revolutionizing the industry and giving traditional stores a chance to regain some of the market share they've lost to online retailing.

According to Auburn University's RFID Lab, a whopping 96 percent of retailers plan to start tagging their products with RFID labels. As recently as 2015, retailers used 3.9 billion tags. Last year, it jumped to nearly 8 billion tags.

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Brick-and-mortar stores in the Age of Amazon have become a bit of an endangered species. But it now appears a new way of tracking inventory - the lifeblood of any retail establishment - is revolutionizing the industry.
rfid, technology, retail, outlets
851
2018-32-14
Wednesday, 14 March 2018 12:32 PM
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