Chico's Honored With 2015 Innovation Award for Strategic RFID Initiative

NEUHAUSEN, SWITZERLAND--(Marketwired - Sep 30, 2015) - A leader in serving the lifestyle needs of fashion-forward women, Chico's has been recognized as a winner in Apparel Magazine's 8^th Annual Innovator Awards. The awards, presented at the 2015 Apparel Executive Forum, honor apparel retailers, brands and manufacturers that have demonstrated apparel supply chain innovation, and Chico's recognition is based on its strategic RFID initiative with Tyco Retail Solutions. The goal of the Chico's RFID project was to create an accurate item-level inventory foundation from which Chico's Soma stores could execute omni-channel initiatives and support future plans to drive visibility into the entire supply chain -- from the manufacturer to the store, from the associate to the customer. The chain was able to achieve its business objectives, empowering store associates to better serve its customers.

Harnessing the power of Tyco's RFID-based Inventory Intelligence solution, Soma associates now have insight to accurate, real-time inventory information to better manage their deep merchandise assortment, drive increased sales and ensure shopper satisfaction. Soma has been able to accurately and efficiently manage new stock, replenish selling floor needs and maintain the store environment its customers crave -- warm and inviting with personalized service -- while simultaneously enhancing the overall shopping experience.

"We congratulate the team at Chico's on their well-deserved recognition of innovation to support strategic omni-channel initiatives and a steadfast commitment to customer satisfaction," said Nancy Chisholm, President, Tyco Retail Solutions. "We are grateful to partner with forward thinking retailers who acknowledge the power of RFID to change the future of retail."

About Tyco Retail Solutions
Tyco Retail Solutions is a leading provider of integrated retail performance and security solutions, deployed today at more than 80 percent of the world's top 200 retailers. Customers range from single-store boutiques to global retail enterprises. Operating in more than 70 countries worldwide, Tyco Retail Solutions provides retailers with real-time visibility to their inventory and assets to improve operations, optimize profitability, and create memorable shopper experiences.

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