By  on May 27, 2014

Retailers searching for momentum in the digital age aren’t necessarily putting their money where their e-commerce is.

A study of capital expenditures conducted by analysts at Wells Fargo Securities found that, while capex among a large sample of retailers increased 8 percent last year over 2012 levels, amounts earmarked for e-commerce and information technology dropped 2 percent among the 14 companies that disclosed amounts for both years.

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