Strategy

New York City -- Dunkin’ Brands Group is seeking to raise as much as $460.6 million in its initial public offering, 15% more than the company planned in May, Bloomberg reported.

Dunkin’ Brands is offering 22.3 million shares for $16 to $18 each, the chain said in a filing with the U.S. Securities and Exchange Commission today. The company may sell an additional 3.33 million shares, given sufficient demand.

Ada, Okla. — Mach Speed Technologies has announced the launch of Eclipse MP3 Music & Video Players at 700 Best Buy locations across the United States. The prices on these models will start at a $19.99 price point and go up to $39.99.

According to the company, this is the first time Best Buy will be carrying opening price point MP3 players.

Houston -- Los Angeles-based Marcus & Millichap Real Estate Investment Services said that it has hired Derek Hargrove as a senior associate in the Houston office.

In his new position, Hargrove focuses on the sale of multi-tenant shopping centers throughout southwest Texas. He also holds the title of associate director of Marcus & Millichap’s National Retail Group.
 

Delinquency rates in Target’s credit card portfolio are now at their lowest level in three years as more people are paying their bills on time. It is an encouraging sign for the long-term health of the nation’s economy to know that people are increasingly using credit in a responsible manner, at least those who have a Target card anyway, and therefore more likely to honor their obligations.

Duluth, Ga. -- NCR Corp. will acquire Radiant Systems, a leading provider of multichannel point-of-sale and managed hosted service solutions to the hospitality and specialty retail markets, through a cash tender offer of $28.00 per Radiant Systems share. The equity purchase price of $1.2 billion has been approved by the boards of directors of each company.

It is expected the transaction will close during third quarter 2011, subject to regulatory approval.

NEW YORK — Target Corp. has won approval to put its signature red logo on one of Chicago's most famous buildings. The Permit Review Committee of the Commission on Chicago Landmarks on Thursday approved the chain’s request to allow its bull's eye to be placed on its new store planned for downtown Chicago.

SUNBURY, Pa. — Weis Markets announced it has lowered the prices on 1,600 staple items and that it will freeze these new lower prices for ninety days through Oct. 8.  It is the company's seventh 90-day price freeze program over the past two and a half years.

New York City -- Convenience-store operator Sheetz will open a distribution facility by 2014 to support its expansion plans and increasing number of stores in the state, according to a report by The News & Observer. The distribution facility also will serve stores in southern Virginia and West Virginia, the report said.

Sheetz currently has 394 stores, with more than half in Pennsylvania. With a goal of 500 stores in three years, the chain is targeting North Carolina and West Virginia its top markets for expansion.