Inventory Intelligence Solution Delivered by Johnson Controls Sensormatic Solutions Reduces 87% of Renner’s Stockouts
Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls, delivered impressive results after deploying its inventory intelligence solutions across one of the largest fashion retailers in Brazil, Renner, to help optimize in-store and e-commerce operations. After implementing Sensormatic Solutions Inventory Intelligence solution, powered by RFID technology, across all its stores in 2019, Renner reports an 87% reduction in stockouts and a 64% increase in inventory accuracy.1
According to Renner, more than 500 million of their products sold have been tagged with Sensormatic Solutions RFID technology since 2019, enabling over 4 million item-level readings daily. In addition to increasing the abundance and quality of their data, the retail giant can now better optimize the route each product takes from distribution center to stores with greater visibility. With access to real-time data management and product availability, the retail giant can have accurate inventory information, which is essential for their omnichannel operation.
For example, Renner can now see which items were taken into the fitting room and if they were eventually sold or not. Additionally, shoppers, regardless of the channel (in-store or online), can have better visibility of where a product is located to help choose the right purchase model.
“By leveraging greater inventory intelligence across our physical and online channels, we boosted our omnichannel strategy and digital sales,” said Alexandre Ribeiro, risks director at Renner. “Additionally, with Sensormatic Solutions RFID technology, we have a single source of truth for inventory data which allows our sales associates the ability to process our inventory in a matter of hours on a monthly basis, rather than annually.”
As a one stop, end-to-end solution provider, Sensormatic Solutions enabled Renner to transform and improve existing processes and technologies throughout its stores by:
- Using a single smart RFID label: to enable data capture as well as security applications, eliminating the need for additional labels while improving the project’s ROI.
- Implementing RFID at the checkout: to eliminate the need for barcode readings and improves customer service.
- Adding RFID alarm pedestals at the store entrance: to provide visibility of theft events and effectiveness of their loss prevention strategies.
As a result of this work, Renner’s deployment of Sensormatic Solutions Inventory Intelligence solution was selected as a finalist in the retail category of the international RFID Journal Awards 2022. Also, Renner earned the ABRAPPE 2022 SUPER PREMIO award that recognizes the company’s innovative implementation of Sensormatic Solutions’ RFID Technology.
In today’s hyper-connected world, customer experience is about how, where, when, and why engagement happens,” said Sean Lee, Sensormatic Solutions regional vice president and general manager for EMEA. “With our technology, retailers can improve inventory accuracy and ensure merchandise is available where and when their customers choose to shop.”
For more information about Renner’s success, please visit the Sensormatic Solutions case study.
To learn more about Sensormatic Solutions inventory intelligence solution, visit stand C01 in Hall 6 at Trade Fair Düsseldorf between 26 February – 2 March 2023 and follow along on #EuroShop2023 on Twitter and LinkedIn. To request a booth tour or a meeting with an account manager, visit the Sensormatic Solutions EuroShop Page.
About Johnson Controls
At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.
Building on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.
Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.
Visit www.johnsoncontrols.com for more information and follow @johnsoncontrols on social platforms.
About Sensormatic Solutions
Sensormatic Solutions is the leading global retail solutions portfolio of Johnson Controls powering operational excellence at scale and enabling smart and connected shopper engagement. Our intelligent digital operating platform – Sensormatic IQ – combines the full Sensormatic Solutions portfolio, including third-party data to deliver unmatched insights into shopper experience, inventory intelligence, loss prevention and operational effectiveness with advanced technologies, like AI and Machine Learning. This enables retailers to act on prescriptive and predictive data-driven outcomes to confidently move into the future. Please visit Sensormatic Solutions or follow us on LinkedIn, Twitter, and our YouTube channel.
About Renner
Founded in 1965, Lojas Renner S.A. went public in 1967 and became, in 2005, the first Brazilian corporation with 100% of its shares traded on the stock exchange and is listed on the Novo Mercado, the highest level of corporate governance at B3. Its fashion and lifestyle ecosystem comprises the following brands: Renner, which has clothes and accessories for all styles; Camicado, from the home and decoration segment; Youcom, specialized in youth fashion; Ashua Curve & Plus Size, which offers clothing in sizes 46 to 54; and Repassa, a clothing, footwear and accessories resale platform.
Currently, there are more than 660 stores in operation, considering all the businesses in the ecosystem. In addition to being present in Brazil with all its brands, the Company began its internationalization process by opening Renner units in Uruguay in 2017 and in Argentina in 2019. Lojas Renner S.A. it is also formed by Realize CFI, which supports the retail activity by offering and managing financial products; and by Uello Tecnologia, a digital native logtech focused on solutions for urban deliveries.
1 Renner’s internal findings and reporting
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230226005017/en/
Contact information
Media Contacts
K
atarzyna Breczko
Sensormatic Solutions by Johnson Controls
Work: +49 173 7070 562
katarzyna.breczko@jci.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Laserfiche Recognized as a Strong Performer in Independent Analyst Report on Content Platform Providers24.3.2023 21:38:00 EET | Press release
Laserfiche — the leading SaaS provider of intelligent content management and business process automation — has been named a Strong Performer in The Forrester Wave™: Content Platforms, Q1 2023. Laserfiche was one of 13 vendors evaluated on the strength of its strategy and current offering. Laserfiche earned the highest rating possible in seven criteria: Packaged Applications Search Lifecycle Management Developer Resources App Design/Development Tools Commercial Model Intelligent document extraction According to the report, “Laserfiche has successfully transitioned its 30-plus-year track record in content management into a modern SaaS platform with a well-balanced set of services to deliver a very broad range of vertical and horizontal apps. Its product vision focuses on deeper integration of analytics, structured data sources, and AI/ML, prioritized to align to the needs of its well-defined verticals.” The report also states, “Organizations, including larger enterprises, looking for a S
Q4 Inc. Ranks on The Globe and Mail’s Women Lead Here Benchmark of Executive Gender Diversity24.3.2023 16:15:00 EET | Press release
Q4 Inc. (TSX: QFOR) (“Q4” or “the Company”), a leading capital markets communications platform provider, is proud to announce it has been included on The Globe and Mail’s 2023 Report on Business magazine’s Women Lead Here list. This annual editorial benchmark identifies top-notch Canadian businesses with the highest executive gender diversity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230324005019/en/ The Executive Women Leaders of Q4 Inc. - Pictured from left to right are Dorothy Arturi, CPO; Lorie Coulombe, SVP, Marketing & Communications; and Donna de Winter, CFO & COO. (Photo: Business Wire) This benchmark was established in 2020 by Report on Business magazine and applies a proprietary research methodology to determine Canadian corporations with the highest degree of gender diversity among executive ranks. The ranking companies have made tangible and organizational progress related to executive gender parity. “I am
ClickHouse, Inc. and Alibaba Cloud Announce a New Partnership24.3.2023 16:00:00 EET | Press release
Today, ClickHouse, Inc., creators of ClickHouse online analytical processing (OLAP) database, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced a partnership that will enable Alibaba Cloud to offer ClickHouse as an enterprise, first-party service on its platform. This partnership is an exclusive agreement between ClickHouse, Inc. and Alibaba Cloud in mainland China to offer a joint first-party enterprise service in APAC. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230324005222/en/ Aaron Katz, Founder & CEO, ClickHouse, Inc. (Photo: Business Wire) ClickHouse is the world's fastest and most resource-efficient analytical database, and since it was released as an open-source project in 2016, adoption has grown exponentially – globally. Organisations large and small benefit from the blazing fast speed - with peak processing performance for a single query standing at more than two t
Westlake Epoxy Promoting NEW AZURES™ Systems24.3.2023 13:00:00 EET | Press release
Westlake Corporation (NYSE: WLK) today announced that Westlake Epoxy will launch its new AZURES™ product range at the European Coatings Show 2023, to be held in Nuremberg, Germany, March 28 to 30, 2023. Westlake Epoxy’s Azures™ products are newly developed epoxy resins, modifiers and curing agents that are free of any SVHC- and CMR-labelled substances. As such, they provide better sustainable alternatives to existing technologies used in coatings, civil engineering and adhesives while keeping the same level of performance. “This is definitely another important milestone in Westlake Epoxy’s strategy to contribute to a safer and cleaner world,” said Ann Frederix, Vice President, Westlake Epoxy. Recently, Westlake Epoxy’s European business also confirmed its receipt of the 2022 Platinum Medal from EcoVadis, the world’s largest and most trusted provider of business sustainability ratings, and Westlake Epoxy’s Pernis, Netherlands site has successfully passed the audit for its International
Fischbein International and Votech Expand Manufacturing Footprint in Reusel and Announce New Company Name as Votech, a Duravant Company24.3.2023 11:00:00 EET | Press release
Votech announced today the grand opening of their newly expanded manufacturing facility and company headquarters in Reusel, The Netherlands. This marks the completed integration of two renowned leaders in the packaging industry, Fischbein International and Votech, who came together in 2021 through the acquisition of Votech by Duravant, a global engineered equipment and automation solutions provider to the Food Processing, Packaging and Material Handling sectors. The merger brought together 100+ years of packaging expertise and created a portfolio of technologies that expands the company’s ability to serve customers across a wide array of end markets including agriculture, animal nutrition, fruits and vegetables, ingredients, milk powders and other industrials. Alongside this announcement, the company unveiled their new company logo and brand campaign that reflects the organization’s transformation into a full-line packaging equipment provider. “The names Fischbein, Saxon and Votech, al
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom