SOURCE: Tyco Retail Soltuions

Tyco Retail Soltuions

August 18, 2011 08:00 ET

Tyco Retail Solutions Protects 40 Billion Items; Achieves Industry Source Tagging Milestone

Program Enables Lowe's to Achieve More Accurate On Shelf Inventory and Reduced Shrink While Promoting an Open Shopping Environment

BOCA RATON, FL--(Marketwire - Aug 18, 2011) - Tyco Retail Solutions (www.tycoretailsolutions.com), a leading global provider of retail performance and security solutions sold through ADT Security Services, Inc., and authorized business partners worldwide, today announced a new industry milestone for its Sensormatic brand anti-theft source tagging program -- achieving 40 billion consumer items protected for retailers globally.

The 2010 Global Retail Theft Barometer ranks branded items such as power tools and building supplies from do it yourself and home improvement retailers among the most stolen merchandise globally. To protect these items with high metallic content and packaging, retailers such as Lowe's depend on the highly effective anti-theft protection offered by Sensormatic acousto-magnetic (AM) based EAS systems. By layering this technology with the Sensormatic anti-theft source tagging program, retailers can achieve the often conflicting goals of improved item security protection while allowing products to be openly displayed for enhanced shopper convenience.

"The Sensormatic source tagging program offers us a number of important benefits," said Claude Verville, Vice President of Loss Prevention and Safety, Lowe's Companies, Inc. "With buy in from merchandising executives, our source tagging program enables more accurate on shelf inventory, less shrink and open merchandising. The program makes it easier for our customers to enjoy their shopping experience without having items inaccessible in locked cabinets or on cables."

With over 40 years of Electronic Article Surveillance (EAS) excellence in retail, Tyco Retail Solutions is the global leader in security source tagging, providing worldwide coverage across a wide range of retailer product categories including: apparel, building supplies, computer products, grocery, health and beauty care, multimedia, and power tools.

Benefits of Tyco Retail Solutions' source tagging program include:

  • Reduced store labor costs - efficient application of anti-shoplifting tags at the source eliminates the need to tag in the store
  • Increased product velocity to the selling floor - new merchandise arrives at the store floor ready
  • Enhanced customer focus - store associates are free to assist shoppers instead of applying tags
  • Improved merchandising - placing hidden labels inside products or packaging while maintaining packaging aesthetics promotes open merchandising
  • Increased sales - moving inventory from behind counters or locked cases, making it readily accessible to the shopper
  • Reduced shrinkage - ensuring consistent tagging compliance for effective protection of goods
  • Retail sustainability program support - reducing over-packaging intended to deter shoplifting

Added Mr. Verville, "As an early adopter of the Sensormatic SmartEAS UltraLink reporting system at each of our store exits, we committed to our Merchants and Store Operations teams that we would maintain an open shopping environment and control our losses via superior in aisle service levels along with best in class front end controls via consistent responses to all EAS activations."

"Achieving this 40 billion unit source tagging milestone is the result of our steadfast commitment to the retail industry, our responsiveness to the diverse needs of our customers, and our willingness to partner with manufacturers and retailers to reduce retail shrink," said Tony D'Onofrio, Vice President, Global Account / Source Tagging for Tyco Retail Solutions.

About Tyco Retail Solutions

Tyco Retail Solutions, a unit of Tyco International, is a leading global 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.

The Tyco Retail Solutions portfolio for retailers is sold through ADT Security Services Inc., and authorized business partners around the world. For more information, please visit www.tycoretailsolutions.com.

About ADT Security Services, Inc.
ADT Security Services, Inc., a Tyco International company, is the world's largest provider of electronic security services to more than seven million commercial, government and residential customers worldwide. ADT's total security solutions include intrusion, fire protection, closed circuit television, access control, critical condition monitoring, electronic article surveillance, radio frequency identification (RFID) and integrated systems. ADT's website address is http://www.adt.com.

TYCO, ADT, SENSORMATIC and the product names listed in this document are marks and/or registered marks. Unauthorized use is strictly prohibited.

Contact Information

  • Contacts:

    Jim Caudill
    Tyco Retail Solutions
    +1 (561) 912-6066
    Email Contact

    Sarah Murray
    Strategic Communications Consultant
    781-378-2674
    Email Contact