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Editorial Results (free)

1. Stepherson Named Chair-Elect of Grocers Association -

Randy Stepherson has been named 2014-2015 chairman-elect of the Tennessee Grocers & Convenience Store Association board of directors. Stepherson is president of Stepherson Inc., the family- and employee-owned parent company of Superlo Foods, which has five Memphis-area locations, and Stepherson’s.

2. CashSaver Trades Hands for $3.2 Million -

The CashSaver in Midtown has traded hands. 

Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.

3. In the Bag -

Last September Kroger Co. purchased nine Memphis-area Schnucks grocery stores.

Eight of the stores reopened as Kroger and the ninth remained vacant.

4. Former Southaven Schnucks Leased to Superlo -

The former Schnucks supermarket building at 975 Goodman Road in the Southaven Commons shopping center has been leased to Stepherson’s Superlo Foods.

5. Former Southaven Schnucks Leased to Superlo -

The former Schnucks supermarket building at 975 Goodman Road in the Southaven Commons shopping center has been leased to Stepherson’s Superlo Foods.

6. Higher Commodity Prices May Spur Inflation -

WASHINGTON (AP) — Rising wholesale prices for food and energy are putting pressure on manufacturers and retailers to pass higher costs to customers. It's a trend that could raise inflation in the United States and slow economies in Asia and Latin America.

7. Square Deal Undone -

A facelift has been in the works for about a year for a Midtown landmark that long ago succumbed to the real estate equivalent of jowls and wrinkled skin. But after months of planning, it now appears the proposed nips and tucks for Overton Square, a roughly 10-acre hodgepodge of shops, restaurants and a movie theater, won't be happening after all.

8. Square Owner: No Remake For Now -

The proposed overhaul of Overton Square that was to have included building a 53,000-square-foot grocery store appears dead in the water.

Tom Lowe, the president of one of the two out-of-town firms that own the roughly 10-acre Midtown landmark, said the developer’s contract to buy the south half of the square to pursue an overhaul will not be extended at the end of this month. That means a new Associated Wholesale Grocers Inc. store – which was to have been the key tenant of the square redevelopment – is likely not coming to the square anytime soon.

9. Square Owner: No Remake For Now -

The proposed overhaul of Overton Square that was to have included building a 53,000-square-foot grocery store appears dead in the water.

Tom Lowe, the president of one of the two out-of-town firms that own the roughly 10-acre Midtown landmark, said the developer’s contract to buy the south half of the square to pursue an overhaul will not be extended at the end of this month. That means a new Associated Wholesale Grocers Inc. store – which was to have been the key tenant of the square redevelopment – is likely not coming to the square anytime soon.

10. Plans Submitted for Overton Square Revamp -

Oklahoma-based Sooner Investment has submitted its plan to overhaul the southern half of Overton Square to the Memphis-Shelby County Office of Planning and Development.

That step makes official the developer’s intentions for the square.

11. Overton Square Developer Files Plans -

Oklahoma-based Sooner Investment has submitted its plan to overhaul the south half of Overton Square to the Memphis-Shelby County Office of Planning and Development.

That step makes official the developer’s intentions for the square. And it also sets in motion the regulatory approval process that includes assigning Sooner’s development application to a local planner for review and the distribution of the plans to government officials and area stakeholders.

12. Overton Square Developers Ready for Next Step -

It’s crunch time for the future of Overton Square, the 10-acre Midtown landmark where a new retail development anchored by a big-box grocery store has been proposed.

The square’s owners have agreed to delay for 60 days their official request to begin knocking down several old buildings along Madison Avenue. That demolition would pave the way for a roughly 53,000-square-foot grocery store and several smaller retail buildings.

13. Developer Done With Talk on Overton Square Deal -

It’s no exaggeration to describe a looming Memphis City Council vote as crucial to the future of Overton Square, where a major overhaul that includes a big-box grocery store is in the works.

The City Council soon will decide whether to grant a demolition permit requested by the developers whose plan would bring new retail elements, underground parking, landscaping and street-level parking along with the new grocery. And the body’s vote appears to be a make-or-break moment for the project.

14. Overton Square Demolition Must Receive Council Approval -

Any demolition in Overton Square will require City Council approval. The council approved a resolution requiring such approval Tuesday.

The council action came nearly a month after Associated Wholesale Grocers Inc. signed a contract to buy the property on the southern side of Madison Avenue west of Cooper Street. The land includes the now vacant site of what was the T.G.I. Friday’s restaurant, which began the development of the entertainment district in the 1970s, as well as the original home of Playhouse on the Square.

15. Memphis Heritage Mobilizes to Protect Overton Square -

Memphis Heritage Inc. has begun a mobilization effort to protect the streetscape and character of Overton Square, where a grocery store development has been proposed.

16. Grocery Chain Signs Contract for Overton Square Development -

Associated Wholesale Grocers Inc., a Kansas-based grocery wholesaler, has signed a contract to acquire and develop a portion of Overton Square.

17. Grocery Wholesaler Inks Deal For Part Of Overton Square. -

Associated Wholesale Grocers Inc., a Kansas-based grocery wholesaler, has signed a contract to acquire and develop a portion of Overton Square, The Daily News has learned.

18. Wal-Mart Revamps Own Label Amid Store-Brand Boom -

PORTLAND, Ore. (AP) - Wal-Mart is stepping up the competition to draw cost-conscious shoppers, promising that store-brand products from cereal to cookies will be tastier, smell better and look more attractive.

19. Forrest City Wholesaler Acquires Galler Wholesale -

FORREST CITY, Ark. (AP) - A grocery wholesaler is adding 50 jobs to its operation in Forrest City.

20. Decision Time Looms for Overton Square Grocery -

By the end of the year, the Kansas City, Kan.-based grocery wholesaler that’s pursuing a major redevelopment of Overton Square likely will have made a stronger signal of its intentions at the site or dropped out of the project altogether.

21. No Overton Square Plan for LUCB, Yet -

Kansas City, Kan.-based Associated Wholesale Grocers Inc., which is pursuing a major redevelopment of Overton Square, still needs more time to finish its plans and likely won’t be submitting a development application for the project yet.

22. Memphis Heritage Questions Overton Square Development -

In response to news that has circulated over the past week about a major retail development in the works for Overton Square, Memphis Heritage Inc. has gone into what its executive director June West calls “research mode.”

23. Archived Article: Idb (lead) - Two companies eye move to Memphis

Two Companies Eye Move to Memphis

Tax freezes would help seal the deal

ANDREW BELL

The Daily News

Indicative of the Memphis areas distribution and manufacturing stronghold, two companies plan to shutt...