RFID stands for Radio-Frequency Identification, a possibly underused technology with a vast array of uses. It is made of small electronic devices that consist of a small chip and an antenna. The chip typically is capable of carrying 2,000 bytes of data or less. There are many uses for this technology in the retail clothing world, but it isn’t being embraced at the speed that might be expected for its many functions. To date, only about 8% of clothing retailers have a RFID system that contains tags, barcode readers, and sales software.
This is likely largely due to the high cost to integrate this technology into their stores. These stores will have to build infrastructure in some cases, as well as install all of the components needed for these systems to run effectively. According to angel.co, clothing retail companies tend to be conservative when adopting new technologies overall, often waiting until other sectors have already adopted the technology and have shown what kind of impact it has.
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However, as the technology evolves, these RFID technology are becoming increasingly more cost effective so RFID will likely become more common for clothing retailers to adopt in their stores. Additionally, with more consumers preferring to buy clothing online, retailers will have to start implementing new technologies in store, in order to stay competitive. As the technology expands, it may win over the minds of other retailers as well.
At an incredibly young age, Sawyer Howitt has managed to impress the business world with his keen sense of motivation. He speaks regularly to empower millennial entrepreneurs to make a change in their world. Currently, Howitt sits as a Project Manager at The Meriwether Group. Prior to this, he worked as a Business Strategy Analyst for RFID Checkout where he assisted in developing a new retail experience through the use of expanding technologies.
Learn more about Sawyer Howitt: https://hitechchronicle.com/2017/08/fight-ageism-in-the-workplace-sawyer-howitt-explains-how-young-entrepreneurs-can-succeed/