Retailers Worldwide to Spend $120 Billion on IT

Retailers are investing over $120 billion this year in IT and communications technologies worldwide, with supermarkets alone spending $23 billion, according to Retail WorldView, a new IT sizing service offered by IHL Consulting Group.

FRANKLIN, Tenn. — Retailers are investing over $120 billion this year in IT and communications technologies worldwide, with supermarkets alone spending $23 billion, according to Retail WorldView, a new IT sizing service offered by IHL Consulting Group here. "Retailers individually spend well below other industries, about one-third of the amount per revenue dollar compared to financial services and insurance," said Greg Buzek, president of IHL Consulting Group, in a statement. "However, what r

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