DDi - October 2013 - (Page 44)

44 | State of the Retail Design Industry 2013 State of the Retail Design Industry 2013 State of the Retail State of the Retail Design Industry 2013 What are your company’s plans for capital spending in the next 12 months?* Find out what’s on the minds of retailers and designers, and the plans they have to sustain growth in 2014 No significant changes Increase capital spending Decrease capital spending By Jessie Dowd, Senior Editor 11.4% 42.9% F 45.7% or the ﬁfth-annual State of the Retail Design Industry survey, DDI reached out to retail presidents, store planners, contract designers, visual merchandisers, CEOs and just about everyone else in between to ﬁnd out how the industry is faring thus far in 2013 and what’s on tap for the future. On the following pages, you’ll see what everyone’s been up to—from store openings and remodels to new design strategies and plans to capture the attention of increasingly savvy consumers. Find out what’s on the minds of your industry peers and why the year ahead is looking brighter than ever. 1.4% The retail economy The retail design industry has seen a solid bounceback over the last few years and is feeling stable. Industry leaders are optimistic about their current economic situation, with 52.7 percent responding that their situation is “Good,” a very slight increase from the 51 percent who said so last year. Better yet, more than a quarter (27.5 percent) of companies responded “Excellent/Very Good” this year, up from 26.8 percent in 2012 and a dramatic jump from 17.8 percent back in 2010. It seems most retailers and design ﬁrms are staying the course and are even planning for continued steady growth for their businesses. Nearly half of respondents (45.7 percent) plan to increase capital spending in the next 12 months, a healthy leap from 36.8 percent last year. Another 42.9 percent said their company is not planning on making signiﬁcant changes in capital spending in the next 12 months, and just 11.4 percent expect to decrease capital spending in the next year. Fueling that steady growth, about half of survey respondents (53.5 percent) indicated that they opened 1-25 new stores in 2013. And in 2014, 47.1 percent of companies plan to open the same number of new stores as 2013, while 22.9 percent of respondents plan on opening more new stores in 2014 than in 2013. | October 2013 7% 2.8% 8.5% 2.8% 14.1% 9.9% 53.5% How many new stores has your company opened in 2013?* None 101-250 1-25 26-50 251-500 More than 500 Not applicable 51-100 *Question answered by retailers only

Table of Contents for the Digital Edition of DDi - October 2013

DDi - October 2013
Contents
From the Editor
Newsworthy
Shopper Insights
Editor’s Choice
Design Snapshot
Restoration Hardware (RH)
Converse
American Express
State of the Retail Design Industry 2013
Right Light
In-Store Technology
Product Spotlight
Calendar
Advertisers
Classifieds

DDi - October 2013