Five Charts: The State of Retail Tech
Retail is undergoing a technological transformation that is driving retailers to automate redundant tasks and revamp their mobile strategies.
According to Gartner, worldwide retail tech spending will increase 3.6% to $203.6 billion in 2019.
Retailers are investing more in technology at a time when many firms are growing their mobile operations. In a study published in September by VoucherCodes and WBR Insights, 75% of senior retail executives from the UK and France said they plan to invest heavily in developing mobile apps, coupons and payments.