Hardware Stores

Mooresville, N.C. - Lowe's Companies Inc. has agreed to sell $450 million of floating rate notes due 2019, $450 million of 3.125% notes due 2024 and $350 million of 4.250% notes due 2044. Estimated net proceeds from this offering will be approximately $1.24 billion, after deducting offering expenses and underwriters' discounts.

Duck brand is looking to further engage crafty folks with its latest product: the first-ever scented duct tape.

Duck Tape Scents are available in six colors:

Atlanta -- The Home Depot on Thursday named Craig Menear, president of the chain's U.S. retail business, as CEO and president, effective Nov. 1. Menear succeeds chairman and CEO Frank Blake.  Blake, who has held the top spot since 2007, will remain chairman.

Menear, who was also elected to the company's board of directors, effectively immediately, assumed his current position in February 2014. He is a 34-year retail veteran, and has been a key leader in the company's success, the retailer said.

A 6.4% second quarter same store sales increase at U.S. stores enabled Home Depot to handily exceed analysts’ profit estimates and prompted the company to increase its full year outlook.

Oak Brook, Ill. – Net income at Ace Hardware Corp. rose 57% to $66.5 million, from $24.2 million. Revenues climbed 13% to $1.33 billion, from $1.17 billion.

With heavy investment in its Paint Studio and a corresponding media blitz to promote it, wholesale sales at Ace Hardware Corp. jumped double digits in the second quarter.

Fort Worth, Texas -- Calloway’s Nursery has named Alicia Hicks as VP marketing, effective Aug. 5. Hicks formerly served as Calloway's director of retail marketing.

With her promotion, Hicks will oversee marketing for all aspects of Calloway's Nursery, which includes 17 Calloway's Nursery locations in Dallas/Fort Worth, as well as two Cornelius Nursery locations in Houston. She will develop strategic marketing plans and customer experience initiatives for both Calloway's and Cornelius brands across all retail locations.

Dallas — Venture Commercial, an X Team International partner, has completed a lease to bring a 16,000-sq.-ft. Ace Hardware store to Spring Creek Village, located at 7989 Belt Line Road on the northwest corner of Belt Line and Coit Road in north Dallas. 

Ace Hardware joins other Spring Creek tenants Just Fitness, Polly DuPont, Citi Bank, and Black-Eyed-Pea.