Checkpoint Systems
Type
Industry
Headquarters
Thorofare, New Jersey
,
U.S.
Area served
Worldwide
Key people
Ben Lilienthal (President)
Brands{{Unbulleted list| Alpha High Theft Solutions | Apparel Labeling Solutions}}
Number of employees
5000+
Subsidiaries
  • Alpha High Theft Solutions
  • Oat Systems
Websitewww.checkpointsystems.com

Checkpoint Systems is an American company that specializes in loss prevention and merchandise visibility for retail companies. It makes products that allow retailers to check inventory, quicken the replenishment cycle, prevent out-of-stocks and reduce theft. Checkpoint offers Electronic Article Surveillance (EAS) radio frequency solutions for retail, high-theft and loss-prevention solutions, RFID hardware, software, and labeling capabilities.

It is currently a division of CCL Industries, which acquired Checkpoint in 2016. [1]

History

Checkpoint was started in the United States in 1969 as a subsidiary of Logistics Industries.[2]

1977–1998

On June 30, 1977, Checkpoint was spun off from its parent company and began trading on NASDAQ under the symbol CHECK.[2]

Within the next twenty years, Checkpoint Systems implemented RF electronic article surveillance (EAS) across different stores and in October 1993, the company's common stock began trading on the New York Stock Exchange under the symbol CKP.

In the mid-1990s, after purchasing two European systems manufacturers, Checkpoint established direct access to the European market. Its security systems were marketed to retail customers, including drug store chains, hypermarkets, supermarkets, mass merchandisers, discount stores and electronics retailers, as well as libraries in the United States.[3]

1999–2006

In 1999, Checkpoint Systems broadened its product offering with the purchase of METO,[4] a German provider of handheld labeling systems used by food and discount retailers to brand and price mark merchandise. The newly acquired company doubled Checkpoint's revenues and helped to expand relationships with European retailers. Two years later, Checkpoint bought A.W. Printing Inc., a U.S.-based printer of tickets, tags, and labels for apparel retailers and brand owners. This acquisition expanded the company's label printing operations and gave entrée to customers in the soft goods market segment.

By the mid-2000s, Checkpoint had a source tagging program, facilitated by the company's service bureau business. Check-Net®, a web-based platform, started to provide apparel retailers and brand owners with a repository and logistics service to manage all their retail labeling needs.

In 2006, Checkpoint further expanded its source tagging business with new print technology and production capabilities through the purchase of ADS Worldwide, a UK-based supplier of apparel labels, tags, and trim products.

Acquisitions (2007–present)

Over the next five years, several acquisitions enabled Checkpoint to extend its offering of merchandise availability applications for retailers:

  • In 2007, Alpha S3. A U.S.-based provider of security products for protecting high-theft merchandise; and SIDEP, a supplier of EAS systems operating in France and China.[5]
  • In 2008, Asialco Electronics Company. A China-based manufacturer of RF-EAS labels to meet growing demand in emerging Asian markets.[6]
  • Also in 2008, OATSystems. An RFID application software company, founded by Prasad Putta and Dr. Sanjay Sarma (who co-founded the MIT Auto-ID Lab),[7] enabled Checkpoint to provide tracking and inventory management solutions throughout the supply chain.[8]
  • In 2009, Brilliant Label Manufacturing Ltd. A China-based manufacturer of apparel labels and tags added more labeling products for the global apparel industry.[9]
  • In 2011, Shore to Shore. A global manufacturer of labels and tags for apparel and footwear expanded Checkpoint's production, capabilities, and global reach.[10]
  • In 2016, Checkpoint announces a collaboration with Microsoft Corp. to bring their RFID Merchandise Visibility solutions to the cloud, and utilize Microsoft analytical tools.[11]

References

  1. ↑ "CCL Industries Completes Checkpoint Systems Acquisition". May 13, 2016.
  2. 1 2 "History of Checkpoint Systems, Inc. – FundingUniverse". www.fundinguniverse.com. Retrieved 2023-08-25.
  3. ↑ "Checkpoint Systems, Inc". Archived from the original on 2010-09-09. Retrieved 2010-09-14.
  4. ↑ "METO - Our Company". Archived from the original on 2014-08-26. Retrieved 2014-08-25.
  5. ↑ "Checkpoint Systems, Inc. Announces Acquisition". Archived from the original on 2014-08-26.
  6. ↑ "Checkpoint Systems, Inc. Announces Acquisition of SIDEP and Shanghai Asialco Electronics". Archived from the original on 2014-08-26.
  7. ↑ "Checkpoint Systems Names Prasad Putta General Manager of OATSystems, Its RFID Software Division". Archived from the original on 2016-02-15. Retrieved 2016-02-12.
  8. ↑ "Checkpoint Systems, Inc. to Acquire OATSystems, Inc". Archived from the original on 2014-08-19. Retrieved 2014-08-25.
  9. ↑ "Checkpoint Expands its Apparel Labeling Solutions Capabilities". Archived from the original on 2014-08-16.
  10. ↑ "Checkpoint Systems, Inc. Announces Definitive Agreement to Acquire Shore to Shore, Inc". Archived from the original on 2014-08-26.
  11. ↑ "Checkpoint Systems' Sense + Respond Solution Provides Multi-Channel Retailers with Real-Time Insights, Predictive Analytics". Archived from the original on 2016-02-15. Retrieved 2016-02-12.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.