business news in context, analysis with attitude reports that contrary to industry trends that have retailers spending 1.5 percent less on information technology projects than last year, three major retailers -- Home Depot, Wal-Mart and Benetton -- have signed deals for major new IT projects.

• Wal-Mart is using a system licensed from JD Edwards to automate real estate management functions.

• Benetton signed a deal to purchase what is termed “a line of manufacturing, accounting and logistics applications from SAP” that is designed to improve inventory management,

• And, as previously reported here on MNB, Home Depot is making a major investment in self-checkout technology from NCR and Microsoft>

Retailers are expected to spend $23.7 billion on IT projects this year.
KC's View:
Such expenditures make sense as long as they are designed to deliver value to both the retailer and the customer. And despite our reservations about self-checkout, all three companies seem determined to do that with these technology investments.