Retail in Asia

In Trends

Retail IT spending to exceed USD 20 billion

Despite the negative impact of the recession on retail sales, retailers continue to increase their IT investments, according to a new study from ABI Research.

“Next Generation Point of Sale Systems and Retail Technology” indicates that in investment in retail technology hardware market, consisting of integrated point of sale (POS) systems, payment terminals, POS barcode scanners, POS printers, and electronic article surveillance (EAS) systems, managed to continue growing during 2009. Retail IT spending totaled approximately USD 14.8 billion last year.

(Source: Retailer Daily)