Vertical Markets

Fast Track 100 ranking

by Mark Rowe

Agon Systems – creators of the retail tagging device ‘The Concept Tag’ – has been ranked 78th on the Sunday Times Virgin Atlantic Fast Track 100 league table.

Based on the EAS product company’s percentage increase in sales from 2015 to 2018, the inclusion of Agon on the list comes after the Concept Tag has been picked up by a number of major fashion retailers in the UK including John Lewis, Matalan, JD Sports and River Island (pictured). The product has been exported from Agon’s East Sussex base to retailers in over 20 countries across Europe, Australia, Asia and the Americas.

Some 20 million Concept Tags have been distributed globally for retail stock protection. It is in trials with retailers including Dick’s Sporting Goods and Footasylum. Agon sales grew at an annualised rate of 50.58% per cent across the eligibility period for the Fast Track 100.

Sean Welch, Managing Director of Agon Systems said: “Being included in the Fast Track 100 is absolutely fantastic and I am really proud of what we have achieved. Growing at a rate of over 50pc per year is not easy to cope with, but we have a truly brilliant team here at Agon Systems. We have market-leading products that are known for their quality and reliability, with the market-disrupting Concept Tag now leading the way in protection of in-store merchandise globally. Our growth will continue to be driven by the Concept Tag and sales are expected to increase again by at least 50% in 2019, as we make further inroads into the US retail market.”

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