Home Centers

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The Lowe’s smart home merchandise mix offers more than just the Iris platform.

The chain is exploring ways to expand distribution of its key brands outside its own stores.

In its latest round of cost cutting, Sears Holdings has issued a layoff of 115 of its corporate employees, according to Crain's Chicago Business.

The last quarter was a tale of two divisions for Hoffman Estates, Illinois-based Sears Hometown and Outlet Stores, Inc.

The company's Outlet division's comparable store sales jumped 9.3%. But the more hardware-oriented Hometown stores saw comp-store sales decline 6.2%.

Overall, the 1,257 locations of Sears Hometown and Outlet Stores saw comps decline 2.3% for the quarter, in which its operating loss was $173.6 million.

Law firms are swarming around Sears Holdings regarding the short-term loan it recently secured from CEO Edward Lampert's hedge fund.

According to the law firms, Lampert's significant stake in Sears Holdings could potentially undermine the legitimacy of the loan, which is secured by 25 undisclosed Sears properties that Lampert could swap out at will.

Lowe's has expanded its Iris smart-home offerings with the addition of the Smart Valve by Waxman, an automatic water shut-off valve that protects homes from flooding.

Here's how it works: the Smart Valve connects to water leak detectors and temperature sensors, automatically shutting off the water supply in the case of a leak or temperatures low enough to cause pipes to freeze.