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Study: Mobile POS grows rapidly in retail
Franklin, Tenn. — Overall, mobile technology has created a roughly $8 billion industry in retail/hospitality worldwide, with POS a major factor. According to a new study from IHL Research, “Mobile POS: Reaching Escape Velocity – All Systems Go,” tablet POS systems are growing at a more than 300% rate in specialty retailers compared to 2013 levels.
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Lowe's taps new information chief
Lowe's has named Paul D. Ramsay as chief information officer, effective immediately. Ramsay, who has been serving as acting CIO since March, will report to Richard D. Maltsbarger, who was himself appointed chief development officer.
Ramsay is responsible for day-to-day operations of Lowe's IT organization, including the continued development of a technology portfolio designed to seamlessly support the operations of the company's stores, distribution network, e-commerce platforms and future business technology needs.