What do you do with an empty 32-story glass-and-steel monument that was supposed to be Memphis’ answer to the Eiffel Tower or the Gateway Arch? That riddle has now been solved: The Pyramid, once a troubled arena for basketball and concerts, will be reborn as a hunting and fishing superstore. The much-maligned building, which once served as the home of the Memphis Grizzlies of the N.B.A. and the University of Memphis basketball program, is scheduled to officially reopen in late April or early May as an outpost of the Bass Pro Shops empire.
Memphis, Tenn.-based general merchandise retailer Fred's has decided to close 60 of its stores that don't have a pharmacy and that don't meet performance targets, as the chain continues to place more emphasis on its pharmacy offerings. Fred's CEO Bruce Efird said today the decision, announced the same day Fred's reported a second quarter marked by a net loss of $16.4 million, came as a result of a deep analysis the chain undertook in January. It was a look at the entirety of the organization, he said, "with a recognition that retail will not continue with business as usual."
Christmas 2013 shaped up as the biggest challenge ever for everyone working anywhere within the retail supply chain and logistics world. The number of gifts bought from retailers — both online and in brick-and-mortar stores — will probably hit an all-time record. Yet, because of a quirk in the calendar this year, the holiday shopping season in the U.S. is as short as it possibly can be — 26 days, down nearly a week from 32 days last year.
Memphis -- AutoZone’s net income for the fourth quarter increased 14.7% to $371.2 million, below estimates. The...
Memphis – AutoZone reported net sales of $2.2 billion for third quarter fiscal 2013, representing a 4.5% increase from $2.1 billion during the same period in fiscal 2012....
MEMPHIS, Tenn. — With a store based approaching 5,000 units, AutoZone on Monday elevated its human resources efforts. AutoZone named Michael Womack SVP of human resources and customer satisfaction and the newest member of its executive committee, reporting to company chairman, president and CEO Bill Rhodes. “We are excited to have Mike join AutoZone and believe he will be a terrific addition to our company,” Rhodes said. “Mike's background and expertise in human resources and employment law will provide valuable depth to our management team.” Womack previously served as VP of human resources at Cintas Corp., and prior to