Dollar General Corp.

When Craig Herkert left Walmart a few years ago to become president and CEO of Supervalu the situation that unfolded earlier this week at the grocer was not what he had in mind.

Family Dollar’s third quarter results were not as good as expected, but only marginally so, and the company’s growth strategy and potential to steal traffic from Walmart remain intact.

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.

BELLEVUE, Wash. and GOODLETTSVILLE, Tenn. — Dollar General is offering customers a broader variety of prepaid mobile services through a new agreement with T-Mobile. Beginning in July, more than 6,400 Dollar General stores will offer numerous T-Mobile prepaid plan options and the Samsung t139 phone, which features messaging, web browsing, a camera and Bluetooth connectivity.

Unilever president of customer development, Joe Cavaliere, is the newest addition to the board of the Retail Industry Leaders Association.

The trade group’s board held its semi-annual meeting earlier this week and elected Cavaliere and re-elected PetSmart president and CEO Bob Moran and IBM’s general manager for the retail industry Karen Lowe.

Harrisburg, Pa. -- Dollar General Corp. will locate its new distribution center in Bethel Township, Berks County, Pa., creating more than 500 jobs in the area and facilitating the retailer’s expansion in the state.

PHILADELPHIA — Plans for a new distribution center near Philadelphia will allow Dollar General to more effectively replenish its rapidly expanding store base.

By Jundong Song, [email protected]

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Giving competitors an edge