Despite challenging same store sales, middle market retailers are surprisingly bullish. Most retailers are hopeful that they will have a successful holiday season and will achieve an increase in total sales for FY16. They also have plans to continue that growth for the next three years and to increase hiring for next year, especially in the internet/mobile category.
Not unexpectedly, the retail landscape continues to transition to a more online-heavy and store-light model. A web presence is now considered essential. Most middle market retailers have already begun to generate an omni-channel approach, with their physical stores playing a more complementary role to their digital plans than they did in the past. Retailers express a clear strategic focus on their growing e-presence, including further technology development, a change in their hiring priorities, and incorporation of a mobile channel.
Watch the video for more findings from the CIT Retail Outlook and download the complete research report below.
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When CE manufacturers' products are moving briskly off retailers' shelves, both vendor and retailer are happy. The sun is out, the birds are singing and all is right with the world.
But entering into any vendor-retailer rel