Checkpoint Systems | |
Location City: | Thorofare, New Jersey |
Location Country: | U.S. |
Area Served: | Worldwide |
Key People: | Ben Lilienthal |
Brands: | | num_employees = 5000+| subsid = | homepage = }} 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] HistoryCheckpoint was started in the United States in 1969 as a subsidiary of Logistics Industries.[2] 1977–1998On June 30, 1977, Checkpoint was spun off from its parent company and began trading on NASDAQ under the symbol CHECK. 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] 1999–2006In 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:
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