AHMA confidence holds steady in May
The American Hardware Manufacturers Association’s measure of industry confidence held steady in May across a variety of metrics.
In comparing current sales levels to year-ago levels, 77% of respondents said sales were higher in May versus year-ago levels, the same as in April. For May, 18% reported sales were even, and five percent said sales were below year-ago levels.
“It is encouraging that May’s survey shows 77% of respondents reporting sales higher than year-ago levels, maintaining the high level attained in April,” said Timothy S. Farrell, president and CEO of the AHMA. “Barring unforeseen negative macroeconomic developments, we expect 2014 to continue to be a strong year for the home improvement industry.”
Looking forward six months, 81 percent of May respondents said they expect sales to be above current levels, up from 57 percent in April. In May, 19 percent of respondents said they expect sales to be even in six months and zero percent expect sales to be below current levels.
Lowe’s promotes Paul Ramsay to CIO
Lowe’s and Paul Ramsay have made it official. Having served his time as acting CIO since March, Ramsay is now officially enjoying the title of chief information officer, effective immediately.
"During his tenure at Lowe’s, and particularly during the months as acting CIO, Paul has demonstrated consistent, strong leadership that is making a difference with the IT team," said chairman, president and CEO Robert Niblock. "Because IT is an integral part of the strategy and capabilities of an omni-channel retailer, having the function report to Richard will continue to ensure we meet consumers’ future needs."
In his new official role, he will report to Orchard Supply president Richard Maltsbarger, who has also been named chief development officer with responsibility for IT, strategy, consumer insights and business development.
Ramsay will oversee the day-to-day business of the IT department, which encompasses store operations, Lowe’s distribution network, its e-commerce platforms and future business technology needs.
Ramsay has been with the company since 2011 and has more than 25 years of experience in IT. Previously, he served as SVP IT infrastructure and operations and SVP information technology.