Browsing Tag

World Retail Congress

Tech. 2019: Global Retail Tech Spending to Top $203 Billion This Year

Global retail technology spending will near $203.6 billion in 2019, according to new research conducted by Tech. a collaboration between Retail Week and World Retail Congress. The surge – an anticipated 3.6% leap from 2018 - comes as owners of physical stores strive to add an advanced digital dimension to offline shopping, among other priorities. The need to engage customers in new ways, while managing stock, operations and promotions more effectively and cost-efficiently, are also driving up international IT spending. A…

Three Quarters of Retailers Believe Their Model Needs to Change for Them to Remain Relevant

Retailers and Brands Need to Consider Cross-Border Ecommerce in Order to Appeal to a Younger Generation Findings from new research, launched at the World Retail Congress, provide further evidence that retailers are struggling to cope with the pace of evolution in the industry. 76% of the world's leading retailers believe their model needs to change for them to remain relevant in the next five years. A further 21% said they have doubts about the sustainability of their models. Only 3% of retailers believe their current…