Magazine Article | August 24, 2017

Cardinal Innovation Challenges

Source: Retail Executive

The Retail Industry Leaders Association (RILA) has developed (R)Tech, a new term that describes the confluence of retail and technology. An (R)Tech company embodies the strongest values of both industries, global and local, nimble and entrepreneurial, to delight profoundly empowered consumers.

In 2017, the (R)Tech Center distributed an online survey to its founding members to develop a baseline of companies’ organizational structures for innovating. The data is from 27 respondents, 80 percent of which have annual revenues of $6 billion or more.