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October 16, 2014

Sears Hometown and Outlet Stores has opened the doors to its newest Sears Hometown location in Florida.

The new store, located in LaBelle, Florida, at 870 W. Hickpochee Ave., Ste #800, officially opened on Oct. 14.

October 13, 2014

Kmart said its store payment systems were penetrated by cybercriminals who used a form of malware undetectable by current anti-virus systems.

The retailer said its information technology team on October 9 detected its payment data systems had been breached and immediately launched a full investigation working with a leading IT security firm. It was determined the breach began in early September and upon detection Kmart said it was able to quickly remove the malware.

October 8, 2014

Sears Holdings had an eventful day Wednesday after Bloomberg News reported that at least one of its vendors had canceled shipments to the retailer, citing anonymous sources close to the situation.

October 7, 2014

Lumber Liquidators has embraced The United Mitochondrial Disease Foundation's Energy For Life Walkathon series, a campaign aimed at raising awareness of the disorder.

The retailer will be sustaining its sponsorship of the Foundation, a partnership it began in 2013 as part of its philanthropic program, Lay it Forward. It has donated tens of thousands of dollars toward the effort since.

October 7, 2014

Six-time NASCAR Spring Cup champion Jimmie Johnson put his considerable resources to work in the relief effort following the 2013 tornado in Oklahoma.

Together with Lowe's, the Jimmie Johnson Foundation helped fund the reconstruction of three school gyms at Highland East, Plaza Towers Elementary and Briarwood Elementary in Moore, all of which are now ready for the 2014-2015 school year.

October 3, 2014

In keeping with its previously announced plans, Sears Holdings Corp. has officially sold the majority of its 51% stake in Sears Canada, lowering that number to 12%.

September 25, 2014

Exactly one year from the day that news broke of former CEO Calvin McDonald's departure, Sears Canada has again announced that there will be turnover in its leadership ranks.

Douglas Campbell, who replaced McDonald as president and CEO after he suddenly resigned last year, has given notice of his impending resignation, which will take effect as soon as the company finds a replacement (but no later than January 1, 2015).

September 24, 2014

Lowe's Companies has received top honors from the U.S. Environmental Protection Agency (EPA) for its SmartWay Transport Partnership.

The 2014 SmartWay Excellence Award is a nod to Lowe's environmentally conscious supply chain system, which has contributed to its six total SmartWay awards.

September 23, 2014

Atlanta-based The Home Depot is promoting an Auto Supplies department.

Brands getting star billing in the new store effort include Exide, Michelin, Prestone and Penzoil.

"Automotive products are a natural extension of what The Home Depot already offers with its growing selection of mechanics tool sets, welding and soldering tools and tool storage products that are specially designed for automotive tools," said Alyssa Steele, merchant for The Home Depot.

September 23, 2014

IKEA is preparing to launch Sektion, a new kitchen system that will replace the existing Akurum system with a more modular design and more efficient use of interior space, the company said.

Beginning Feb. 2, 2015, IKEA customers in the U.S. will be able to purchase Sektion solutions for their homes. Until then, they'll still be able to plan and purchase the Akurum system.

September 22, 2014

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.

September 18, 2014

The Home Depot confirmed late Thursday afternoon that the malware that breached its payment systems was now erased, and that the breach is now thought to have affected as many as 56 million cards.

“We apologize to our customers for the inconvenience and anxiety this has caused, and want to reassure them that they will not be liable for fraudulent charges,” said Frank Blake, chairman and CEO. “From the time this investigation began, our guiding principle has been to put our customers first, and we will continue to do so.”

September 16, 2014

The embattled Sears Holdings is taking all the help it can get, even if that means reaching into the pockets of its CEO, Edward Lampert.

According to an SEC filing submitted on Monday, the retailer is securing a $400 million loan from ESL Investments, Lampert's hedge fund, which will be used for as-of-yet unspecified purposes.

Lampert -- and by extension, ESL Investments -- currently stands as Sears Holdings' biggest shareholder. However, ESL lowered its stake in Sears less than a year ago due to pressure from wary investors.

September 10, 2014

One of the few predictable repercussions of the Home Depot data breach saga is the proliferation of lawsuits related to the unfolding story.

One day after Home Depot confirmed that a data breach had occurred that “could potentially impact any customer that has used their payment card at our U.S. and Canadian stores, from April forward,” the lawyers piled on.

September 8, 2014

The Home Depot’s latest update confirms what many had suspected – the data systems of the world’s largest home improvement retailer have been breached.

The impact and scope of the breach remains unclear, but the retailer said the breach “could potentially impact customers using payment cards at its U.S. and Canadian stores.”

The Atlanta-based company reiterated that no customers will be liable for fraudulent charges. Customers will also be offered free ID protection, including credit-monitoring services.

September 5, 2014

Home Depot says it continues to study its Internet security amid signs of a data breach.

During a presentation at a Goldman Sachs retailing conference this week, Home Depot CEO Frank Blake hit the topic head on.

September 3, 2014

Home Depot advised customers that whatever the result of the retailer’s probe into a possible payment data breach, customers will be off the hook for fraudulent transactions.

That reassurance appeared in a statement under the headline “Message to our customers about news reports of a possible payment data breach,” on the company’s web site.

September 2, 2014

The Home Depot is the latest major retailer to investigate what looks like a data breach. 

The Atlanta-based retailer is looking into the matter and also working with law enforcement and bank investigators. 

"Protecting our customers' information is something we take extremely seriously, and we are aggressively gathering facts at this point while working to protect customers,” the retailer said in a statement. 

September 2, 2014

Gaven Gregory, executive director of the Home Depot Foundation, announced last week that the organization's next focus would be on the American Legion -- in the form of a $1 million dedication, to be exact.

September 2, 2014

A Marin County California judge ordered Mooresville, North Carolina-based Lowe’s to pay a $1.6 million settlement over a lawsuit alleging the inaccurate description of structural dimensional building products.

One upshot of the settlement is the intention of Lowe’s to include the actual product dimensions of 2x4 lumber (1.5 inches by 3.5 inches) along with the description of the product as a “2x4.”

August 28, 2014

Lowe's took a deeper look at the motivations and desires that shape America's attitude toward smart home technology, many of which suggest that simplicity - and not so much the fancy bells and whistles -- will save the day.

The Lowe's 2014 Smart Home Survey questioned more than 2,000 U.S. adults, conducted online in July by Harris Poll.

August 28, 2014

Sears Hometown and Outlet Stores is touching down in Marlton, New Jersey, with the opening of a new Sears Home Appliance Showroom.

Local customers will be able to avail themselves of a complete collection of brand-name appliances at the lowest prices, guaranteed by the SHOS price-match policy.

August 26, 2014

Yardi, a real estate investment software company based in Santa Barbara, California, has linked up with The Home Depot to give its clients easier access to the retailer's products.

Yardi customers can now easily order Home Depot products in-store or online via the Yardi Procure to Pay online procurement and invoice processing system.

Using the system, property owners and managers can have their purchase orders and invoices automated online, allowing them to more intuitively manage their purchases and check for compliance.

August 22, 2014

Lowe’s generated positive comp-store sales in all of its product categories in the second quarter. And even as it faced a strong comparison to the prior-year’s quarter, lawn and garden led the way.

Those were among the insights provided by Lowe’s executives during their second-quarter earnings report, in which the Mooresville, North Carolina-based company reported sales and earnings growth.

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