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Expansion in Asia Supports Accelerating Demand for RFID and Store Performance Solutions
NEUHAUSEN, SWITZERLAND--(Marketwired - Feb 22, 2016) - Tyco Retail Solutions (www.tycoretailsolutions.com) is pleased to announce the opening of its new Tokyo office to meet the growing need for Store Performance Solutions in Japan, the world's third-largest economy. As Japan-based multinational retailers are upgrading technology and expanding in Asia, Tyco is strengthening its presence to support retailers' demand for new technologies, including RFID for which the adoption rate in Japan is ahead of other Asian markets.
According to PwC's report, "2015-16 Outlook for the Retail and Consumer Products Sector in Asia," retail sales in Asia are expected to top U.S. $10 trillion by 2018. Japan, home to a number of internationally recognized designer brands, will remain a cornerstone of the global fashion industry. PwC reported that Japanese fashion continues to influence apparel and footwear trends in many other countries.
Tyco has served the Japanese retail market for 45 years, focused on loss prevention solutions and customer relationships managed through certified business partners. Building on its success in the region, Tyco is reinforcing its RFID resources on the ground to support key retail global accounts.
As the retail industry undergoes transformation, RFID has emerged as a critical, enabling technology for retailers competing in an omni-channel world and a cornerstone for the retail Internet of Things (IoT). Progressive retailers understand the critical role of RFID-based inventory visibility to maximize revenue, improve store operations, and meet the demands of today's consumers. Tyco has seen significant momentum, not only in the number of retailers deploying RFID, but also in the number of stores and merchandise categories designated for RFID roll-outs. It is gaining increased value as an essential technology for solving inventory challenges.
"The Tokyo site represents our continued investment in IoT technologies such as RFID, which helps deliver meaningful, tangible business benefits for our customers," said Nancy Chisholm, President, Tyco Retail Solutions. "Our expansion in the region allows us to keep pace with their needs and deliver the quality solutions, products and services they have come to expect over the years."
Learn more about how leading retailers trust Tyco's RFID solutions to accelerate store performance.
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.
The Tyco Retail Solutions portfolio for retailers is sold direct through Tyco businesses and authorized business partners around the world. For more information, please visit TycoRetailSolutions.com or follow us on LinkedIn, Twitter, and our YouTube channel.
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