A Of these, 63% work at companies

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This research has revealed valuable insights and resources that can be useful to retailers like you who want to increase the potential of their online and physical stores. Now click on “ e-Plus Agency on LinkedIn ” and then press the “+Follow” button to subscribe to our profile and receive our content updates directly on your timeline of the largest social network for professionals in the world! Join our community and, in this way, meet other entrepreneurs who, like you, want to develop, scale, test, configure, integrate, evolve, unify, update, expand, migrate, promote, run or manage an e-commerce! In total, BCG interviewed 436 executives from 11 retail industries around the world.


Of these, 63% work at companies with revenues greater than $1 billion per year. We will present some numbers from this study right after. Follow along! INNOVATION IN RETAIL: COMPANY saudi arabia phone number list MATURITY LEVELS Before we begin quoting data on retail innovation from the Global Survey on Retail Innovation, it is important to remember that this survey identified three levels of maturity among retail companies: 26% are leaders : investing 13% of annual budget in retail innovation; 44% followers : invest 10% per year; 30% Latecomers : Invest up to 3%.


According to the report, leaders are seeing a higher return on investment (ROI) of 21%. Meanwhile, followers are seeing a 14% ROI, while laggards are seeing a mere 9%. When asked how much their companies will increase their spending on retail innovation by 2027, leaders' executives said 38%, followers 30%, and laggards 8%. Given this backdrop, the BCG study also answers another key question about retail innovation: what exactly are leading companies investing in? Check out the answer to this question below! WHAT DO LEADING COMPANIES INVEST IN? According to BCG research data, 71% of leading companies invest in operations, 60% in e-commerce and 58% in Big Data, AI and Analytics .