Tyco Retail Solutions has opened 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."