The nation’s retailers are bullish on the new year.
“Despite what the headlines might say, retail grew over $220 billion in the U.S. and Canada in 2017,” said Greg Buzek, president of IHL Group. “Retailers are projecting even stronger growth in 2018, including 4.8% growth in sales at stores.”
IHL’s 2018 Retail Transformation Study looks at retail sales growth at store level, e-commerce, mobile commerce, and how retailers plan to increase both stores and IT spending to meet customer demands and effectively compete with Amazon and Walmart. The research included 123 retail senior executives surveyed, most with annual sales over $1 billion.