Thursday, January 11, 2018

Retailers expect strong sales growth in 2018; new stores, remodels up

Chain Store Age

The nation’s retailers are bullish on the new year.

North American retailers expect a 6.2% increase in sales in 2018, according to research from IHL Group. The report found that retailers are increasing the number of stores in 2018 by an average of 5.6%, with planned remodel of stores expected to rise more than 5%.

IT spend is also up. Store level IT Investment is expected to rise 5.8% this year over 2017 levels.. . . more