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Shoplifting has gone up by 26% in the past year. Can RFID help to curb this growth in lost profits? 

According to Dame Sharon White, Chair of the John Lewis Partnership, shoplifting shot up by 26% in 2022. 

Appearing on the popular BBC Laura Kuenssberg show Dame Sharon White quoted crime as the most pressing issue that is facing retail today. She said that in the John Lewis Department Stores shoplifting has become a significant issue, with gangs simply walking out of the stores with arms full of goods. 

We have heard a similar story from retail operations in the USA. It seems that traditional alarm gates just don’t work as a deterrent anymore. So, what can be done about it? 

Earlier this year, BSN launched its iTheft RFID based Loss Prevention solution. A unique solution, based on new chip technology and key software innovations. Unlike other RFID anti-theft solutions which look up a product database to check if an item has been sold, iTheft can check the products as they pass through the security gates and if the products have not been paid for, the system will set off the alarm. And it all happens in the blink of an eye. 

No matter how many items are in a bag, or if the area is busy, the BSN iTheft solution has been proven to activate alarms. 

Catching potential thieves can be useful, but it’s always been known that deterrent is a greater weapon in the reduction of crime. This fact is well known at BSN and so the iTheft solution can even grab an items UPC product code and then display a picture of the item/items that have caused the alarm to trigger. When linked to CCTV the item picture can be displayed as a split screen, alongside a frozen image of the TV picture. Creating a powerful deterrent to potential thieves. 

Even more, iTheft can send the item data to the store’s inventory management system, so if the items are stolen, the store inventory can be updated, and replenishment items ordered.  

Knowing what products are most often stolen and when can help the store management to better understand where to position items within the store merchandizing plan. After all, there is no benefit in placing items close to a door if it results in many of them being stolen.  

Dame Sharon displayed her frustration at the fast pace of increase in retail crime. The Police are too busy to respond to every event, and store security are increasingly at risk. Maybe now is the time to upgrade the Loss Prevention technology? 

Click link for more info.

Or write to BSN at contact@gzbsn.com and quote iTheft. 

They said it could not be done!
Using standard RFID tags and labels to trigger store exit alarms has long been the
holy grail for retail Loss Prevention departments, but RFID has always been thought
of as second best when compared to Electronic Article Surveillance (EAS). However,
while highly successful in its heyday, today’s thieves have come to treat EAS alarm
gates with contempt. Even worse, there are so many false alarms that customers
and store employees no longer take any notice when the buzzer sounds.
With retail theft growing and now amounting to a multi $ billion-dollar loss, the
1960s EAS technology is no longer viewed as a valuable theft deterrent, and with
tags costing as much as 2 cents each, the return on investment for EAS alarms is
coming into question. In the past, the consensus was that RFID is not robust
enough to trigger alarms across a busy store exit. BSN’s iTheft now meets that
challenge.

By using unique features, contained in the Impinj M700 chipset, linked to BSN’s
Trysor® cloud-based software, the iTheft solution can trigger alarms at a similar
rate to EAS. In addition to triggering the alarm, iTheft takes advantage of RFID
technology and can provide reports on the identity of the items being stolen. These
stolen items can then be automatically deducted from a stock inventory list,
ensuring that the store’s stock on-hand is accurate and that the missing items can
be re-plenished.

“The greatest benefit of iTheft is the increased ROI in a retail RFID system, and this
should lead to RFID being introduced to a greater set of product categories” said
Philip Calderbank, BSN’s RFID Consultant. “BSN RFID tags that are already used in
other apparel & footwear applications, such as item visibility in the store, or supply
chain, can now be used for Loss Prevention. There is no additional cost of the RFID
tag, and so the savings against a store’s existing EAS tag cost can be as high as
100%.”

BSN will profile iTheft at the National Retail Federation ‘Big Show’. Held at the Jacob
K. Javits Center, Jan 15-17 – Booth 5699.

Contact: Joelle Power
joellefarrell@gzbsn.com

About BSN
Head Quartered in Guangzhou, and with operations around the world, BSN offers a
local service in Packaging, TRIMS, Labels, and RFID ‘item level’ tracking solutions.
Founded in 1988, BSN now supplies more than 500 Apparel, Footwear and Supply
Chain organizations, located in 16 countries.
Through its technology division, BSN designs and produces RFID inlays and
software solutions. Building on its rapid success in this area, the company recently
opened a purpose-built ‘state-of-the-art’ RFID design and production Technology
Center.

January 12, 2023 – BSN and Turck US today announce a new collaboration agreement that will offer real-time item-level visibility to the retail supply chain.

As a key supplier of RFID labels to retail brands and stores, BSN will tap into the innovative RFID Gate Systems offered by Turck. Mounted over a warehouse dock door or other opening, items going through the gate are captured and recorded simultaneously into a customer’s ERP system or a Cloud server.

RFID labels, currently used for item visibility within the store, can be used to provide reports throughout the supply chain It would simply require the installation of a turnkey RFID infrastructure in the warehouse and distribution centers.

“We knew that our RFID labels would provide the item data that could help reduce the number of safety stocks and that this connected RFID data has the potential to save millions of dollars,” said Philip Calderbank, RFID Consultant at BSN. “However, as BSN is primarily a label company, we needed to find a global partner, capable to supply the RFID readers and software into logistics operations. This agreement now enables BSN and Turck to supply a total ‘real-time’ item visibility solution from a vendor to store shelf. Being able to take advantage of the existing RFID labels throughout the supply chain, provides for a much greater ROI.”

 “Turck looks forward to working with BSN and offering a more complete solution for item-level tracking and visibility in retail,” commented Don Eichman, Turck Systems Group Manager. “It is exciting to see the talented teams work together and have a clear understanding of how they can use both RFID solutions to deliver more value to their customers,” he concluded.

BSN and Turck will be highlighting their new supply chain solutions at the National Retail Federation ‘Big Show,’ which will be at the Jacob Kravits Center in New York from January 15-17.

Contact: info@gzbsn.com

About BSN

Head Quartered in Guangzhou, and with operations around the world, BSN offers a local service in Packaging, TRIMS, Labels, and RFID ‘item level’ tracking solutions.

Founded in 1988, BSN now supplies more than 500 Apparel, Footwear and Supply Chain organizations, located in 16 countries.

Through its technology division, BSN designs and produces RFID inlays and software solutions. Building on its rapid success in this area, the company recently opened a purpose-built ‘state-of-the-art’ RFID design and production Technology Center, visit www.gzbsn.com

About Turk

Turck is a pioneer in automation technology, providing customers with a comprehensive line of quality and advanced technology products in a fast, flexible and accurate manner. With more than 4,600 people working in 30 countries, Turck has built global partnerships with customers based on engineering expertise, flexibility, and our willingness to take on engineering challenges that others will not. For more information, visit www.turck.us

Newswire; https://www.newswire.com/news/bsn-and-turck-us-form-collaboration-to-offer-turnkey-rfid-item-level-21927375

BSN is happy announce that our Indonesia Factory will begin to accept orders in August including RFID.   Our factory will be a mirror image machinery and raw materials from our current production so we can ensure Global Consistency.  We look forward to servicing Brands with local factories.  For more information please reach out to JoellePower@gzbsn.com

BSN is Excited to Share our New Locations with our Global Customers!

• Bangladesh
• India
• Sri Lanka

Local Production – Local Service – Local Billing – Global Quality

Our additional RFID building construction is now completed.  We will be working on the interior and bringing in the new machinery in the next couple of months.  Our volume will double to 2 Billion once it is fully functional. 

DENVER, May 18, 2021 (Newswire.com) – BSN, a member of the Baoshen group, today announced the launch of its new range of M700 RFID Inlays. These inlays will take advantage of the increased functionality of the Impinj M730 and M750 chip-sets and provide a major upgrade in RFID label read range and sensitivity.

Available in 3 sizes, 50 * 30 mm, 70*14mm, and 42*16mm, the inlays offer an increase in sensitivity ratings to -24 dBm. This dBm rating produces a greater read range from a smaller label footprint.

Previously unheard of on a low-powered logic chip, -24 dBm sensitivity allows for improved readability when products are densely packed or stacked, or when there are a lot of metal shelves or other obstructions that have traditionally created a challenge for RFID tags and labels. Enhanced Auto-Tune brings greater accuracy when used in global applications at various radio frequencies.

A smaller chip size enables more dies per wafer, producing a lower carbon footprint in the Semi-Conductor Foundry production.

BSN is also taking advantage of the unique Loss Prevention capabilities of the Impinj M700 chips.  

Available in three convenient sizes: 70*14mm, 50*30mm, and 42*16mm, the inlays come with either 96 bit or 128 bit memory.

The BSN RFID MR 700 Inlays and labels are perfect for use in Apparel, Footwear, and Warehouse operations.

BSN Launches New RFID M700 Inlays | Newswire