Retailers Increasing IT Budgets

Mar 25, 2003

By George Anderson

After cutting back on spending in 2002, retailers will be increasing budgets for IT projects this year, says the research firm IDC.

Christopher Boone, program manager, IDC told Internet Retailer, “The retail industry ended 2002 much weaker than it began the year. IT budgets were negatively impacted as the year progressed and retailers struggled to manage costs and meet profit goals. Despite the setback in 2002, we expect retail IT spending to resume growth in 2003 and beyond.”

Moderator’s Comment: Will the war in Iraq affect retailers’
IT spending? Where do you see retailers investing their IT dollars?

Internet Retailer says “Retailers’ IT spending will focus
on solutions that improve their margins and that can be implemented in a short
time frame with a measurable return on investment.”
Anderson – Moderator

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