Profile: Checkpoint Systems Inc (CKP.N)

CKP.N on New York Stock Exchange

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Checkpoint Systems, Inc., incorporated on July 17, 1969, is a global manufacturer and provider of technology-driven, loss prevention, inventory management and labeling solutions to the retail and apparel industry. Within loss-prevention, the Company is a provider of electronic article surveillance (EAS) systems and tags using radio frequency (RF) and electro-magnetic (EM) technology. The Company also engineer systems using RF and acousto-magnetic (AM) technology. The Company’s loss prevention solutions enable retailers to safely display merchandise in an open environment. The Company also offers customers the convenience of tagging their merchandise or associated packaging at the manufacturing source. The Company operates in three segments: Shrink Management Solutions (SMS), Apparel Labeling Solutions (ALS) and Retail Merchandising Solutions (RMS). In May 2013, Checkpoint Systems Inc completed the sale of its United States and Canadian CheckView business.

The Company manufactures and sells range of tickets, tags and labels for customers in the retail and apparel industry. Applications include variable data management and printing, with size, care, content, pricing information, and brand identification. In addition, the Company offers barcode printing and integrated EAS tags for loss prevention and integrated Radio Frequency Identification (RFID) tags for item tracking and inventory management. In Europe, the Company is a provider of retail display systems (RDS) and hand-held labeling systems (HLS) used for retail price marking. The Company operates directly in 29 countries. The Company’s products are principally developed and manufactured in-house and sold through direct distribution and reseller channels.

Shrink Management Solutions

The Company's segment provides shrink management and inventory management (RFID) solutions to retailers. The diversified lines of products offered in this segment is designed to help retailers in a number of ways, which include prevent inventory losses caused by theft, reduce selling costs through lower staff requirements, enhance consumer shopping, improve inventory management, and boost sales by having the right goods available when consumers are ready to buy. The Company's Alpha solutions are focused on two areas in retail theft: the need to protect high-risk merchandise and the need to safely display merchandise in ways that permit consumers to pick up and handle goods before deciding to buy.

The Company offers a range of EAS-RF and EAS-EM labels and tags, collectively called EAS consumables, matched to specific retail requirements. Under its source tagging program, EAS labels and tags are attached to or embedded in products or packaging at the point of manufacture. The Company's Hard Tag @ Source program is designed for apparel customers who prefer to use hard tags for garment security but who also wish to avoid the expense of in-store tag application. These light-weight tags are recyclable. The Company’s CheckView business offers retailers physical and electronic security solutions in the form of fire and intrusion alarms, digital video surveillance solutions and round-the-clock alarm monitoring. Consistent with its refined strategy to focus on inventory management systems that focus on on-shelf availability, the Company decided to reduce its emphasis on CheckView services and solutions.

The Company offers a range of EAS-RF and EAS-EM systems tailored to meet the varied requirements of retail store configurations in multiple market segments. The Company’s systems are designed to act as a visible deterrent to merchandise theft. They are comprised of antennas and deactivation units, which respond to or act upon its EAS tags and labels. Antennas include readers, sometimes integrated, sometimes external, that can be RFID-enabled.

The Company produces EAS-RF and EAS-EM labels that work in combination with its EAS systems. The Company’s diversified line of discrete, disposable labels is designed to enable retailers to protect a range of easily-pocketed, high-shrink merchandise. While EAS labels can be applied in retail stores and distribution centers, many customers take advantage of its source tagging program. In source tagging programs, EAS labels and hard tags are configured to customers' merchandise and specific security requirements and applied at the point of manufacture. The Company’s paper-thin EAS label has characteristics that are easily integrated with high-speed, automated application systems.

The Company provides physical and electronic store monitoring solutions, including fire alarms, intrusion alarms, digital video surveillance systems and around-the-clock central station monitoring for retail environments. The Company’s video surveillance solutions address shoplifting and internal theft, as well as customer and employee safety and security needs. The product line consists of closed circuit television products and services, including fixed and high-speed pan/tilt/zoom camera systems, programmable switcher controls, time-lapse recording, and remote video surveillance.

The Company’s Merchandise Visibility product line gives retailers and their supplier’s key insights into the location and quantity of merchandise as it travels through the supply chain. The Company’s solutions integrate RFID at point of manufacture, through logistics and distribution operations, into and throughout the store, including exit points. The Company’s Merchandise Visibility Solutions consists of a integrated set of hardware, software, tags and services. These solutions are based on RFID technology, and enable closed-loop apparel retailers and department stores to achieve key operational objectives, including reducing out-of-stocks, reducing working capital requirements, and increasing sales.

The Company competes with Tyco International Ltd., Sentry Technology Corporation, Ketec, Inc, All-Tag Security, Nedap, Universal Surveillance Systems, Vanguard Protex Global Corporation, Se-Kure Controls, Inc., Invue Security Products, Avery Dennison Corporation, Vector Security, Inc., and Stanley Security Solutions and Century.

Apparel Labeling Solutions

The Company provides apparel retailers, brand owners, and manufacturers with a single source for their apparel labeling requirements. ALS also includes its Web-based data management service and network of 25 service bureaus strategically located in 18 countries close to where apparel is manufactured. The Company’s data management service offers order entry, logistics, and data management capabilities. It facilitates on-demand printing of variable information onto apparel tags and labels.

The Company competes with SML Group, R-Pac International Corporation, NexGen, Avery Dennison Corporation and Fineline Technologies.

Retail Merchandising Solutions

The Retail Merchandising Solutions segment includes hand-held label applicators and tags, promotional displays, and queuing systems. The Company’s METO hand-held labeling systems (HLS) include a line of hand-held price marking and label application solutions, primarily sold to retailers. The Company’s HLS products possess a position in several European countries. The Company’s retail display systems (RDS) include a range of products for customers in certain retail sectors, such as supermarkets and do-it-yourself, where signage and in-store price promotion are important. Product categories include traditional retail promotional systems for in-store communication and electronic graphics display, and customer queuing systems.

The Company competes with HL Display AB, VFK Renzel GMBH, SATO DCS & Labeling Worldwide, Garvey Products Inc., Hallo, Avery Dennison Corporation, and Prix International.

Company Address

Checkpoint Systems Inc

101 Wolf Drive,
PO Box 188
THOROFARE   NJ   08086-2243
P: +1856.8481800
F: +1856.8480937

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