NCR Sees No Pick Up In Retailer Tech Spend Before 2010
Retailers aren’t likely to resume spending on their IT infrastructure again until at least 2010, according to NCR (NCR) Chairman and CEO William Nuti.
In an interview Friday afternoon with Tech Trader Daily, Nuti said that demand for the company’s point-of-sale retail terminals remains “slow around the world.” He says the sector will want to see signs of a pick-up in consumer discretionary spending in the upcoming back-to-school and holiday shopping seasons before showing a renewed willingness to invest. One key, he says, could be the direction of fuel price, which as Nuti notes has a strong correlation with consumer discretionary spending.
