Norwalk, Conn. -- Retail CFOs of U.S. middle-market companies are becoming more optimistic concerning the state of the industry, according to the latest GE Capital survey of retail CFOs of companies with revenues ranging from $50 million to $1 billion.
Half (50%) of the surveyed CFOs plan to replace old equipment with newer, more efficient equipment as a way of improving operational efficiencies. The second most anticipated initiative to improve operational efficiency among the CFOs was a reduction in the number of suppliers (24%).
“Demand for financing from retailers has also increased substantially over the past 12 months as retailers move from cost containment to once again investing for the future,” said Jim Hogan, senior managing director, GE Capital, Corporate Retail Finance. “
Overall, retail CFOs are optimistic about the outlook for their industry, the U.S. economy and the world economy. Key findings include:
For more information on the GE Capital Middle-Market CFO Survey, visit gecapital.com/cfosurvey.