Business & Finance
12:28 PM

Productivity, Globalization Drive IT Investments

Specialty merchandisers may devote a small percentage of their annual revenue to IT, but the sector also allocates one of the largest combined budget percentages on hardware (22%), software (20%), and general systems administration (18%) of all the verticals. It's not all daily maintenance, upgrades, and system replacements, though: the industry employs a healthy mix of innovative technologies and also is strongly focused on global supply chains. The charts below outline the business, technology



Inside Retail: Specialty Merchandising
1.5% of Industry's Annual Revenue Devoted to IT
53% of IT Budget Devoted to New Projects
90% of Companies Expecting 2006 IT Spending to Exceed 2005

Business Change
20% Creating New Products/Services for Customers in 2006
80% with Global Supply Chain
50% Deploying Business Intelligence Tools to Raise Productivity

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