Lowe’s Cos. to pull plug on Iris platform in March

MOORESVILLE, N.C. — Lowe’s Iris Home Automation platform will shut down on March 31, the company informed subscribers this week. CEO Marvin Ellison tried unsuccessfully to sell the business last year. Subscribers will be charged for the service only through the end of January, and will be compensated for purchases of devices compatible exclusively with the platform. The retailer however will continue to sell smart home devices in its stores, and is maintaining its partnership with in-store showroom operator B8ta.