Skip to main content

GE Capital: Mid-market retailers sound positive note


New York -- Just under half of retail firms expect industry expansion, and over two-thirds will consider seeking additional financing in the coming year. And 45% believe the sector will expand in the year ahead. That’s according to a survey by GE Capital of C-suite executives at middle market companies (ranging from $10 million to less than $1 billion in sales).

Performance in the middle-market retail sector was positive over the past year, the survey found, with 75% of firms reporting improved year-over-year financial performance.

Other retail-specific findings include:

• One-third of retail businesses will consider additional financing to make an acquisition in the next 12 months

• Two-thirds of middle-market retail leaders expect online sales to become increasingly important to their business. However, only 50% have websites optimized for mobile purchases, with 16% planning on optimizing them over the next 12 months.

• Staffing and employment challenges are common in the retail sector with talent acquisition, retention/turnover and training being key internal concerns.

• Middle-market leaders in retail also express concern about how the economy will impact their business. An increasingly competitive business environment is cited as an external challenge to retail firms.

This ad will auto-close in 10 seconds