Content about Memphis

August 23, 2012
Fred’s profit rises in Q2

Memphis -- Fred’s reported Thursday that net income for the quarter ended July 28 rose 19% to $6.1 million, compared with $5.1 million in the year-ago period.

Sales rose 4% to $470.8 million from $452.7 million, and same-store sales dipped 1%.

Profit results missed Wall Street expectations, and the discounter has lowered its full-year earnings forecast.

 

May 24, 2012
Fred's profit beats in Q1, on track to open up to 28 stores this year

Fred's Inc. reported that profit for the quarter ended April 28 rose 9.9% to $10.5 million, compared with $9.5 million in the year-ago period.

Memphis, Tenn. -- Fred's Inc. reported Thursday that profit for the quarter ended April 28 rose 9.9% to $10.5 million, compared with $9.5 million in the year-ago period.

Revenue increased 3.3% to $500.5 million, edging Wall Street’s expected $500.3 million, but same-store sales dipped 0.4%.

The company opened three new regular stores and four express pharmacy stores during the quarter, as part of its plan to open 22 to 28 stores this year.
 

April 16, 2012
Golden Anniversary

Relocating a business and a family from Memphis, Tenn., to St. Petersburg, Fla., is a short distance in miles, but for The Sembler Co., which celebrates its 50th anniversary this year, the journey has been much longer.

“We have developed 350 projects, including 125 or 130 shopping centers,” said Mel Sembler, recently named chairman emeritus. “It’s been an interesting career.”

November 22, 2011
Fred's Q3 profit rises 16%

Discounter Fred's Inc. reported that profit for the third quarter rose 16% to $9 million, compared with $7.8 million a year earlier.

Memphis, Tenn. -- Discounter Fred's Inc. reported Tuesday that profit for the third quarter rose 16% to $9 million, compared with $7.8 million a year earlier.

Revenue increased 2% to $444.4 million from $435 million last year, missing Wall Street’s expected $446.5 million in revenue.

Same-store sales rose 1.5%.

September 6, 2011
Kroger acquires Memphis-area Schnucks stores

The Kroger Co. said Friday that its Kroger Delta Division, based in Memphis, has acquired eight Memphis-area Schnucks grocery stores that the company will convert and re-open under the Kroger banner over the next few weeks.

Memphis -- The Kroger Co. said Friday that its Kroger Delta Division, based in Memphis, has acquired eight Memphis-area Schnucks grocery stores that the company will convert and re-open under the Kroger banner over the next few weeks.

Currently, Kroger operates 37 stores in the Memphis metropolitan area, and the acquisition ups the area store count to 43, with two of the acquired Schnucks locations replacing two smaller existing Kroger locations.

August 11, 2011
Family Dollar opens 7,000th store

Family Dollar said Thursday it has opened its 7,000th store -- on South Highland St. in Memphis, Ten.

Matthews, N.C. -- Family Dollar said Thursday it has opened its 7,000th store -- on South Highland St. in Memphis, Ten.

The newest store, which opened on Wednesday, features a new design with green elements and easy-to-navigate layout.

July 7, 2011
Brooks Brothers to open at Renaissance at Colony Park

Renaissance at Colony Park announced that Brooks Brothers is joining its tenant lineup and is scheduled to open a 7,500+-sq.-ft. store in Ridgeland, Miss., in November.

Ridgeland, Miss. -- Renaissance at Colony Park announced that Brooks Brothers is joining its tenant lineup and is scheduled to open a 7,500+-sq.-ft. store in Ridgeland, Miss., in November. Currently, the nearest Brooks Brothers stores to the Jackson (Miss.) metropolitan area are in New Orleans and Memphis.

Other recent openings at Renaissance at Colony Park include Another Broken Egg Café and Apricot Lane Boutique. Opening soon are SOMA Intimates and Altar’d State Christian Stores.

May 24, 2011
AutoZone continues driving profitable results

Memphis, Tenn. — Strong third quarter results at AutoZone caused shares to surge on Tuesday and pushed the company’s stock toward the $300 mark.

May 17, 2011
Trademark Property hired to lease, manage Shops of Saddle Creek

Trademark Property Co. announced Monday that it has been engaged by an institutional owner to lease and manage the Shops at Saddle Creek, a 148,000-sq.-ft. lifestyle center in Germantown, Tenn.

Fort Worth, Texas -- Trademark Property Co. announced Monday that it has been engaged by an institutional owner to lease and manage the Shops at Saddle Creek, a 148,000-sq.-ft. lifestyle center in Germantown, Tenn.

Trademark will also be evaluating the feasibility of a major expansion on adjacent land controlled by Saddle Creek’s owner.

November 23, 2010
Fred’s Q3 income up 56%

Fred's said Tuesday that its third-quarter net income surged 56%, partly because of its improved merchandise mix and remodeled and upgraded stores.

Memphis -- Fred's said Tuesday that its third-quarter net income surged 56%, partly because of its improved merchandise mix and remodeled and upgraded stores.

The discounter’s net iFred's said Tuesday that its third-quarter net income surged 56%, partly because of its improved merchandise mix and remodeled and upgraded stores.ncome rose to $7.8 million for the period ended Oct. 30, compared with $5 million in the year ago period. The performance topped analysts’ estimates.

August 31, 2010
Casual Male Tries On One-Stop Shopping

Casual Male Retail Group, the nation’s largest retailer of men’s big and tall apparel,...

December 17, 2008
Fresh Brands to Change Name to Piggly Wiggly Midwest

Fresh Brands, which operates Piggly Wiggly supermarkets in Wisconsin, is changing its name to Piggly...

December 10, 2008
Fred’s Names New CEO

Fred's Inc. Thursday announced the promotion of president Bruce A. Efird, 49, to CEO effective...

November 25, 2008
Fred’s 3Q Profit Up on Cost Cuts

Fred's Inc. said Wednesday its third-quarter profit rose 32%, as the company cut its expenses....

October 6, 2008
Fred’s Lowers Third-Quarter Outlook

Fred’s Inc., said its same-store sales rose 1.1% in September, but the retailer lowered its...

September 22, 2008
4Q Same-Store Sales Idle Forward at AutoZone

For its fourth quarter that ended Aug. 30, AutoZone reported that same-store sales showed a...

August 27, 2008
Fred's 2Q Profit Falls 66% on Restructuring

Fred's Inc. said Thursday its second-quarter profit fell 66%, hurt by the cost of closing...

August 17, 2008
AutoZone Names New Board Members

AutoZone announced the election of Robert Grusky and William Crowley to the AutoZone board of...

June 24, 2008
AutoZone Names Agency

AutoZone, Inc. has awarded advertising agency, Sponge, the title of Agency of Record. The assignment...

May 29, 2008
Fred's 1Q Profit Falls on Higher Taxes

Fred's Inc. said Thursday its first-quarter profit fell 3% as higher sales were offset by...

March 26, 2008
Fred's Reports 4Q Loss on Charges

Fred's Inc. said Thursday it swung to a fiscal fourth-quarter loss due to shrinking sales...

March 6, 2008
AutoZone to Open New DC

AutoZone, Inc. announced plans to open a new distribution center (DC) in Hazleton, Pa....

March 2, 2008
Kroger Employees Ratify Union Agreement

The Kroger Co. on Monday said union members in Memphis ratified a new contract with...

February 13, 2008
Kroger and Union Local in Tentative Agreement

The Kroger Co. announced Thursday it has reached a tentative agreement on a new contract...

February 7, 2008
Fred's Closing 75 Stores

Fred's Inc. will close 75 stores this year as part of a new cost-cutting campaign...