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Retail: General Merchandising: A Year In Review

How are companies that InformationWeek considers as IT innovators changing to stay competitive? Examine year-over-year shifts in business-technology practices and priorities in this InformationWeek 500 2004 and 2003 comparison.

InformationWeek
September 20, 2004 12:00 AM

SNAPSHOT
INSIDE COMPANIES
Average portion of revenue spent on IT	1%
Companies using radio-frequency identification	--
Companies globally sourcing products and supplies	40%
HOW COMPANIES DIVIDE THEIR I.T. BUDGETS
Hardware purchases	21%
IT Services or outsourcing	12%
Research and development	7%
Salaries and benefits	27%
Applications	22%
Everything else	11%
INDUSTRY FINANCIALS
Average year-over-year revenue change	5%
Average year-over-year net income change	15%
DATA: INFORMATIONWEEK RESEARCH

SNAPSHOT 2003
INSIDE COMPANIES
Average portion of revenue spent on IT	1%
Average percentage of industry applications and business processes that have Web-based front ends	24%
Companies with real-time business processes in place	69%
HOW COMPANIES DIVIDE THEIR I.T. BUDGETS
Hardware purchases	21%
Services or outsourcing	13%
Research and development	2%
Salaries and benefits	31%
Applications	15%
Everything else	18%
INDUSTRY FINANCIALS
Average year-over-year revenue change	15%
Average year-over-year net income change	32%
DATA: INFORMATIONWEEK RESEARCH