Survey: Retailers, cash rich, plan to increase IT spending; expect modest revenue growth in 2012
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New York City -- An overwhelming majority (72%) of retailers report having a “great deal” of cash on their balance sheets and nearly half of them plan to invest some of it on information technology going forward, according to a survey by KPMG. At the same time, the executives’ assessment of the overall business outlook reflects only modest improvements in revenue and hiring in 2012. According to the survey, 47% of the retailers said they intend to increase spending in information technology over the next year, by far the highest priority investment area. Other significant areas of investment for
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- People:
- Mark Larson
- Places:
- New York City
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