Home Improvement and Electronics Retailers Lead IT Spending Growth in Retail - According to IHL Consulting Group.Business Editors & High Tech Writers MIAMI--(BUSINESS WIRE)--Jan. 8, 2002 Lower interest rates and improving credit terms Credit Terms The conditions under which credit will be extended to a customer. The components of credit terms are: cash discount, credit period, net period. will allow Home Improvement and Electronics Retailers to upgrade their IT operations in the next 6-12 months according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new report from IHL IHL International Humanitarian Law IHL I Have Lost IHL Institutions of Higher Learning IHL International Hockey League IHL Internet Header Length IHL International House of Logorrhea IHL Idiopathic Hearing Loss IHL Idiopathic Hepatic Lipidosis Consulting Report entitled "IT and the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Category Killers." Category Killers are large Specialty Hard Goods Retailers that dominate the respective segments of DIY DIY abbr. do-it-yourself DIY or d.i.y. Brit, Austral & NZ do-it-yourself DIY abbr DIY do it yourself a DIY shop/job. , Electronics, Office Supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). , Books, Furniture, Sporting Goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport , Pet Supplies and Toys. "There is no question that the tragic events of September 11th have many businesses rethinking the economy and their capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. ," says Greg Buzek, President of IHL Consulting Group. "However, after a strong Christmas season for these retailers we firmly believe that leading edge Home Improvement and Electronics Retailers like Home Depot, Lowes, Best Buy and Circuit City will continue to invest heavily in new information technology. These retailers achieved their dominant market positions by deploying advanced technology during the slower economic times of the early '90s. We are looking at another period where there will be favorable vendor and lender terms on capital IT spending. As a result, we expect to see these types of retailers maintain or even increase their level of capital spending to take advantage of these favorable terms." The 110 page report "IT and the North American Category Killers" provides detailed discussion of the departments and systems/inventory challenges that Category Killers face due to heavy competition, cross channel integration, changing economic conditions, and an ever expanding product mix. Finally, the report includes rankings and profiles of the Top 20 Category Killers, the hardware and software systems that they are using and the key personnel to talk to at each of these top retailers. "The report profiles key retailers like CompUSA and Office Depot to help our readers better understand their potential customers and their specific needs," adds Buzek. "By providing information such as the name and operating platform of the chain's POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale systems, supply chain software, and data warehouse technologies, the report provides the vendor with knowledge of who to partner with, what operating platforms are required to fit into that customer, and who to contact to get past the receptionist. At the same time, these reports allow the retailers to review their competition to identify what systems they are using and the results they are getting with those systems." For a free synopsis with a sample technology profile or to purchase the report, please visit the company website at http://www.ihlservices.com. About IHL Consulting Group IHL Consulting Group is an independent business-consulting firm headquartered in Franklin, Tennessee that provides market analysis and business consulting services for information technology companies that focus on the retail industry. For more information, visit the company's web site at http://www.ihlservices.com. |
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