RFID connects retail industry data, bringing more than just cost reduction and efficiency gains 2023-07-20

Nowadays, RFID tags are used in the most segments is the field of clothing retail, and the main purpose of the application of UHF RFID tags in this field is to facilitate the retailer to carry out more efficient management of footwear and other categories. With RFID, warehouse inventory, inventory management and other work can be done more quickly and quickly. But in fact, RFID contains the value, far more than we remember these...


RFID continues to grow in the retail sector, bringing incremental growth to the industry
Nowadays, RFID technology has been widely used in the retail field, which can improve the efficiency and effectiveness of retailers' inventory management, merchandise traceability, anti-theft and anti-counterfeiting, customer experience, etc. RFID technology has evolved from a fringe technology to a global technology, bringing many significant business values to retailers.


RFID Collects Industry Data to Empower Retail Brands
RFID, as a retail data collection tool, can collect many key data in the whole retail hardware program thus realizing industrial empowerment for downstream customers.


RFID's impact on the retail industry goes beyond data enhancements
RFID brings not only quantitative data enhancement to the industry, but also qualitative corporate value enhancement for retail brands.
From the store's perspective, RFID applications can better free up manpower, reduce the amount of time store employees spend on tedious and repetitive tasks, and allow store employees to increase their job satisfaction. From the store's point of view, the use of RFID store, its management process is more efficient, so that the store is more likely to attract young shopkeepers, and together to embrace the era of digitalization. From a brand's perspective, the trend of transitioning from traditional hangtags to RFID hangtags is obvious. Companies that choose to digitize will have to invest in the short term, but in the long term they will definitely benefit from the application of digitization and reap the value from the data.


Strong domestic retail recovery to continue in the future

In terms of the global economy, the world as a whole is in a recessionary cycle, with the number of foreign store openings declining year-on-year from last year and many projects struggling to move forward.
However, according to the latest statistics from China's National Bureau of Statistics (NBS), total retail sales of consumer goods in May totaled 3,780.3 billion yuan, an increase of 12.7% year-on-year. Among them, retail sales of consumer goods excluding automobiles amounted to 338.75 billion yuan, an increase of 11.5%. This shows that the domestic retail market has not the global economic downturn into a downward spiral, but is instead in a counter-trend growth mode.

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