Strategy

Goodlettsville, Tenn. -- Dollar General Corp. said Wednesday it is offering $450 million in senior notes due in 2017.

The retailer said it plans to use the proceeds, along with cash on hand and possible other borrowings, to redeem its outstanding senior unsubordinated notes.

Citigroup, Goldman, Sachs & Co. and KKR are serving as joint book running managers for the offering. BofA Merrill Lynch, Barclays, J.P. Morgan, Wells Fargo Securities, Fifth Third Securities, HSBC, KeyBanc Capital Markets, and US Bancorp are co-managers.

Spartanburg, S.C. -- Denny's Corp. said Wednesday that it has opened its first restaurant in the Dominican Republic as part of a development agreement with Grupo Nahas, which owns and operates the Intercontinental Hotel and Holiday Inn, among others, in Santo Domingo. 

Located in the Food Court of the Las Americas International Airport in Santo Domingo, the new restaurant represents Denny's first airport location worldwide.

Walmart's Asda business earned the title of "Lowest Priced Supermarket" at The Grocer Gold Awards for the 15th straight year. The retailer was also named "Britain’s Favorite Supermarket" for the second year in a row.

New York -- Ritz Camera & Image has filed for Chapter 11 bankruptcy protection. As part of its restructuring, the company, which has 265 stores in 34 states, plans to close 128 locations and cut its staff of 2,000 in half.

This is the second time Ritz has sought protection under the bankruptcy laws, having emerged from Chapter 11 two years ago.

HERMOSA BEACH, Calif. — Virtual Piggy, a provider of a technology platform that allows children to shop online in a parent-controlled environment, has formed agreements with sports retailers Spyder Surf and Tahoe Mountain Sports.

New Orleans — Despite reporting an uptick in organized retail crime, the National Retail Federation revealed that retail theft rates decreased in 2011, according to preliminary results of the organization's latest National Retail Security survey.

Minneapolis -- Best Buy announced Tuesday it is expanding the Best Buy Mobile brand and store-within-a-store concept into 14 Five Star stores throughout Nanjing, China, this summer.

The expansion of Best Buy Mobile into the Chinese market is the first evolution of Global Connect, a partnership that was formed in November 2011 between Best Buy and Carphone Warehouse.

TOPEKA, Kan. — Payless is reaching out to women with uncommon shoe sizes by offering a wide range of popular styles for the summer season in size 11, 12 and 13 and in wide width options at prices as low as just $15 a pair.