News

Retailers to up IT spend when economy improves

August 12, 2010

According to TalkingRetail.com, the latest IT in Retail report of the top 100 companies, surveyed by Martec International, suggests that retailers' investment in IT remains stagnant, with retailers mostly planning to increase IT spending as the economy improves.

The probability of retailers investing in replacement or new technology accounts for some of the anticipated growth, but the study also indicates that IT budgets may not return to pre-recessionary levels anytime soon.