Macy's to Fast Track RFID Technology
September 28, 2011,
CINCINNATI-Macy's, Inc. will accelerate its adoption of radio frequency identification technology in its Macy's and Bloomingdale's stores in an effort to more precisely manage item-level merchandise
inventories, the company said.
resupplied as they are sold to customers. This represents about 30 percent of the company's sales. Categories included in the initial launch are men's furnishings, intimate apparel, men's slacks, denim and women's shoes. Macy's and Bloomingdale's private brands are included in the initiative.
Use of RFID to precisely track replenishment goods on-hand by size, color and style is expected to be completed by fall of 2013 in all stores.
"To Macy's and Bloomingdale's, RFID is a tool to better serve customers and drive sales by ensuring we have the right product in the right place at the right time for our in-store and omnichannel shoppers," said Tom Cole, chief administrative officer of Macy's, Inc. "RFID will allow us to more frequently count item-level inventory with precision so our inventory is readily accessible to our customers. This is technology that has proven effective in our testing, and we believe now is the right time to roll out RFID aggressively."
Macy's said its merchandise vendors are a "significant partner" in the adoption of RFID. "Our vendors are joining with us to adopt this technology, knowing the more precise inventory counts through RFID will reduce stock-outs and drive incremental sales opportunities," Cole said. "This is one of those genuine win-win-win situations in which customers, vendors and our company all benefit."
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money