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Editorial Results (free)

1. Hudson's Bay Buying Saks for About $2.4 Billion -

NEW YORK (AP) – Don't let the global economy fool you: Luxury is hardly dead.

Saks Inc. agreed to sell itself to Hudson's Bay Co., the Canadian parent of upscale retailer Lord & Taylor, for about $2.4 billion in a deal that will bring luxury to more North American locales.

2. Gov. Haslam Struggles to Meet Pilot Recusal Pledge -

NASHVILLE (AP) – Tennessee Gov. Bill Haslam has struggled almost from the start of his administration to fulfill a campaign pledge to avoid handling matters relating to Pilot Flying J, the family-owned truck stop chain run by his brother, Cleveland Browns owner Jimmy Haslam.

3. The Ghost Of Claude Rains -

SHOCKED, SHOCKED. You know who Claude Rains was, don’t you? Played Captain Renault in the 1942 classic “Casablanca”?

Sure you do.

You remember what the corrupt Captain said when he closed the casino – where he gambled every night – in Rick’s Café Américain, “I’m shocked, shocked to find that gambling is going on in here!”

4. Rightful Owner -

Ever since he was a child, Brad Martin, chairman of private investment firm RBM Venture Co. and retired chairman and CEO of Saks Inc., was attracted to the large wooded property at 1023 Cherry Road near Park Avenue in East Memphis.

5. Gov. Haslam's Former Boss to Oversee Pilot Flying J Probe -

Brad Martin, the newly appointed interim president of the University of Memphis who once hired Gov. Bill Haslam as an executive at Saks Inc., has been named by Pilot Flying J to oversee an internal investigation into FBI allegations of fraudulent business practices involving rebates to trucking customers.

6. Martin Named Interim U of M President -

Brad Martin, the retired chairman and CEO of Saks Inc. and current chairman of the private investment firm RBM Venture Co., will be the interim president of the University of Memphis.

7. Dunavant Symposium Examines Public Service -

Saying there should be “good government” and there must be “ethical government” is easy.

Defining what those terms mean can be difficult especially for non-elected public administrators.

A new symposium connected to the annual Bobby Dunavant Public Service Awards aims to open a discussion about the issues of public service in practice.

8. Strickland, Carson Named Dunavant Award Winners -

Memphis City Council member Jim Strickland and Shelby County Jury Commissioner Clyde ‘Kit’ Carson have been named the winners of the 2013 Bobby Dunavant Public Service Awards.

9. Dunavant Awards Honor, Discuss Good Government -

An award for elected and non-elected public officials marking its 10th anniversary this year began as a way to honor the late Probate Court Clerk Bobby Dunavant and to counter the damage done 10 years ago by the Tennessee Waltz federal public corruption investigation.

10. Dunavant Public Service Awards Nominations Sought -

After being grounded last year under doctor’s orders, former Saks Inc. CEO Brad Martin will be the keynote speaker this year for the 2013 Bobby Dunavant Public Service Awards.

11. Martin Institute Picks Baker as New Executive Director -

Jamie Feild Baker will become executive director of the Martin Institute for Teaching Excellence with the new year.

12. Martin Institute Names Baker New Executive Director -

Jamie Feild Baker will become executive director of the Martin Institute for Teaching Excellence with the new year.

13. Storm's Cost May Hit $50 Billion; Rebuilding to Ease Blow -

WASHINGTON (AP) – Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm.

14. Clearances, Heat Lured Shoppers to Spend in July -

NEW YORK (AP) – Americans shoppers proved resilient in July, driving a key sales figure up at retailers across the country, despite persistent worry about jobs and the global economy.

Results came in better than expected for many retailers, helped by hot weather and summer clearance sales, an encouraging sign as the back-to-school season, the second-biggest shopping season behind the holidays, kicks off.

15. Fred’s, Other Retailers Report Tepid Sales -

NEW YORK (AP) – Shoppers, worried about jobs and the overall economy, pulled back on spending in June, resulting in tepid sales for many retailers, including Memphis-based Fred’s Inc.

16. Retailers Report Positive March Sales -

NEW YORK (AP) – Retailers from discounter Target to department-store chain Macy's reported better-than-expected sales in March in the latest sign that Americans are feeling better about the economy.

17. Saks to Open Tenn. Distribution Center -

Luxury department store chain Saks Inc. said Monday, Feb. 13, that it will open a distribution and fulfillment facility in Tennessee this year.

18. Retailers Deliver Solid Sales Gains for January -

NEW YORK (AP) – Americans were shopping in January, but not every store was feeling the love.

Retailers reported mixed sales results for the month in a sign that U.S. consumers continue to be cautious about when and where they spend their money in the shaky economy

19. Retailers Report Solid Finale to Holidays -

NEW YORK (AP) – Many retailers are reporting solid sales gains for December, capping a decent holiday season, but shoppers bent on discounts exacted a high price.

Merchants had to mark down coats and other gifts to get shoppers to buy in a challenging economy. A mild winter also didn't help, wilting shoppers' appetite for cold-weather merchandise. That resulted in a string of retailers, including Target Corp., Kohl's Corp., J.C. Penney Co. and The Children's Place Retail Stores Inc., reducing their earnings outlooks.

20. Dunavant Nominations Deadline Approaches -

Nominations for the annual Bobby Dunavant Public Service Awards are open until Jan. 15.

The awards – one each to an elected official and a non-elected government employee – are given annually by the family of late Probate Court clerk Bobby Dunavant and the Rotary Club of Memphis East.

21. Retailers Report Strong Sales for November -

NEW YORK (AP) – Oh what a difference a weekend can make.

Shoppers taking advantage of big discounts and earlier store hours during the start of the holiday shopping season last weekend helped boost retailers' revenue for the entire month of November.

22. Economy Picks Up but Hiring Outlook Stays Cloudy -

WASHINGTON (AP) – Companies are more productive, fewer people are seeking unemployment benefits and service companies are adding jobs.

Ideally, those trends could signal stronger growth, followed by more hiring. Yet until consumers consistently spend more, businesses are unlikely to hire enough to drive down unemployment.

23. Retailers Report Solid Sales Gains in October -

NEW YORK (AP) – Americans were shopping in October, but they were spending at a slower clip than expected as they faced a barrage of bad economic news.

October revenue at stores open at least a year – an indicator of a retailer's health – rose 3.7 percent, according to the International Council of Shopping Centers' tally of 25 retailers. But 13 of 19 retailers missed Wall Street estimates for October revenue, according to Thomson Reuters. That included big merchants like Macy's, Saks and Target.

24. Martin to Keynote Dunavant Awards -

A business leader with roots in the city’s political and nonprofit communities will be the keynote speaker at the 2012 Bobby Dunavant Public Service Awards.

25. Retailers Report Solid Gains for September -

NEW YORK (AP) – September offered the latest sign that Americans will shop, but only when they think they're getting a deal.

The International Council of Shopping Centers said Thursday that revenue rose 5.5 percent in September, with several retailers including Target, Limited Brands and Kohl's posting strong gains as consumers snagged discounted merchandise.

26. Candidate Central -

At one point during his quick stop in Memphis this week, former Massachusetts governor and current Republican presidential candidate Mitt Romney quoted a few lines from the poet Sam Walter Foss to a cadre of the city’s business elite.

27. In the US, Two Housing Markets and Two Directions -

In America, it's starting to feel as if there are two housing markets. One for the rich and one for everyone else.

Consider foreclosure-ravaged Detroit. In the historic Green Acres district, a haven for hipsters, a pristine, three-bedroom brick Tudor recently sold for $6,000 – about what a buyer would have paid during the Great Depression.

28. Economy Shows Signs of Moving Past August Shocks -

WASHINGTON (AP) – U.S. consumers and businesses are not so worried that the economy is about to tumble into a recession after all.

Manufacturing grew a little slower in August than the previous month, but it didn't contract as some had feared. Shoppers spent more at retail stores during the crucial back-to-school season. And fewer people applied for unemployment benefits last week, a sign that layoffs have slowed.

29. Retail Sales Rose 0.5 Percent in July -

WASHINGTON (AP) – Consumers spent more on autos, furniture, clothing and gas in July, pushing up retail sales by the largest amount in four months. The gain signaled that Americans are a little more confident in the economy and could helped dispel fears that the country is headed for another recession.

30. Retailers Report Solid Sales Gains for July -

NEW YORK (AP) – Many retailers posted solid sales during the kickoff to the back-to-school season as discounts and high temperatures in July drove shoppers to air-conditioned malls. But merchants worry that momentum won't continue through the remainder of the second-biggest shopping period of the year as the weather gets cold and the deals dry up.

31. Retailers Post Strong June Sales -

NEW YORK (AP) – Colossal discounts enticed consumers to shop like it was 1999 last month. But higher prices ahead could cause the party to end soon.

Warm weather and discounts of up to 80 percent on summer merchandise helped retailers deliver the best revenue gains since June 1999 in what's typically the second-biggest shopping month of the year. But pressure on stores to pass along higher costs for everything from clothing and handbags to food has raised concerns that the momentum may not continue heading into the busy back-to-school shopping season.

32. Pinched by Gas, Shoppers Pull Back Elsewhere -

NEW YORK (AP) – Shoppers are showing signs of pulling back on spending on discretionary items like clothing and home goods as gasoline and groceries eat up more of their paychecks.

Those pressures led many retailers on Thursday to report only modest revenue increases in May, the latest sign of the economy hitting a soft patch.

33. Rich Spend, Others Scrimp, Retail Reports Show -

NEW YORK (AP) – High gas prices are driving a wider wedge between the wealthy and everybody else.

The rich are back to pre-recession-style splurging: Saks Fifth Avenue and Nordstrom customers are treating themselves to luxury items like $5,000 Hermes handbags and $700 Jimmy Choo shoes, and they're paying full price.

34. Retailers Post Strong April but Fret Over Future -

NEW YORK (AP) – Retailers reported surging April revenue helped by a late Easter, extending strong spending momentum since late last year.

But some also warned gas prices nearing $4 a gallon are starting to cut into the spending power of lower-income customers who were already on tight budgets.

35. Shopper Spending Surprisingly Strong in March -

NEW YORK (AP) – Shoppers shrugged off higher gas prices and cool temperatures to give retailers a surprisingly solid March.

Revenue reports Thursday from retailers from Costco to Victoria's Secret extend the streak of strong spending from late last year and suggest that an improving economy and recent job growth are outweighing pressure from higher pump prices.

36. Retailers Report Solid Gains in February -

NEW YORK (AP) – Shoppers braved February's chill to hand retailers surprisingly strong sales gains, extending the momentum from a strong holiday season and providing evidence of a strengthening economic recovery.

37. Retailers Report Surprisingly Solid January Sales -

NEW YORK (AP) – U.S. retailers reported surprisingly solid January revenue gains Thursday that swept away fears that snowstorms in much of the country had chilled sales.

The reports, which are being compared with a respectable January 2010, offer encouraging signs that consumer spending is maintaining the momentum of the strong holiday season.

38. Wealthy Treated Themselves During the Holidays -

NEW YORK (AP) – The rich treated themselves like royalty this holiday season. That spun the holidays into gold for Tiffany & Co. and other high-end retailers.

39. Less Worried About Layoffs, Jobholders Spend More -

WASHINGTON (AP) – A steady decline in layoffs is giving the vast majority of adults who have jobs the confidence to spend more freely and help energize the economy. They no longer worry so much about losing their jobs.

40. December Increase Seals Strong Holiday for Retail -

NEW YORK (AP) — Retailers sealed their strongest holiday sales increase since 2006, as a robust November more than offset spending that tapered off in December.

The results reported Thursday suggest steadily improving consumer spending. For investors, whose expectations were riding high, the December figures were disappointing.

41. Spending Data Show December Sales Strong -

NEW YORK (AP) – Americans spent more on clothes, shoes, luxury goods and electronics in December than a year earlier, extending retail sales momentum that had been building since August, according to data released Wednesday.

42. Stores Push Gimmicks for Super Saturday -

Many stores are pushing discounts and other gimmicks for the last weekend before Christmas. Research firm ShopperTrak predicts Saturday will be the second or third busiest shopping day of the year.

43. Heavy Discounts Fuel Only Modest Retail Gains -

NEW YORK (AP) – Americans took a pause in shopping in October, leaving retailers with their weakest peformance since April as unsually warm weather depressed their appetite for cold weather items.

44. Americans Likely Took Retail Breather in October -

NEW YORK (AP) – After a last-minute back-to-school buying spree, Americans appeared to have taken a shopping pause in October, resulting in a mixed retail sales picture.

That lull could continue until the day after Thanksgiving, the unofficial start of the Christmas season, as shoppers wait for big bargains, many analysts say.

45. Retailers Report September Boost -

NEW YORK (AP) – Retailers reported surprisingly solid sales gains for September, boosted by back-to-school shopping, much of it pushed into September by parents who had put off trips to the mall.

46. Martin Adds ‘Author’ to Distinguished Résumé -

Brad Martin’s name in Memphis is a familiar one because of his many years in politics and his involvement with several successful and large business ventures.

47. Retailers' Reports Show Tepid May for Shoppers -

NEW YORK (AP) - Americans, uninspired by cool weather and feeling fresh concerns about the economy, spent with caution in May after a tepid April.

Retailers' May sales reports, released Thursday, underscore how fragile the consumer spending recovery remains.

48. Retailers Report 4th Consecutive Month of Gains -

NEW YORK (AP) - Warmer weather and an earlier Easter enticed shoppers into stores for spring merchandise in March, helping retailers post strong sales gains for the month.

Discounter Target Corp., department store Macy's Inc., clothier Gap Inc. and Victoria's Secret parent Limited Brands Inc. posted double-digit increases that beat Wall Street analysts' expectations.

49. Stores Expected to Show Jan. Sales Figure Up 1 Pct -

NEW YORK (AP) - Retailers elated by stronger-than-expected holiday sales are expected to report Thursday that they saw an unintended consequence in January: sales up only 1 percent from last year by one measure.

50. Retail Sales Sink, Jobless Claims Rise -

Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades.

51. December Retail Sales Show Signs of Life -

NEW YORK (AP) - Last-minute holiday shoppers brought relief to the nation's retailers, handing them modest sales gains for the season and prompting several chains to raise their fourth-quarter profit outlooks.

52. Economic News Raises Hopes for Global Recovery -

WASHINGTON (AP) - Signs of a strengthening global recovery emerged Friday, with consumers boosting retail sales, companies restoring stockpiles and Chinese exports mounting a comeback.

The reports heightened hopes that consumers are starting to feel more comfortable about opening their wallets after months of building savings and reducing debt. Consumer spending, which drives most U.S. economic activity, is vital to a sustained rebound.

53. Consumer Borrowing Falls for 9th Straight Month -

WASHINGTON (AP) – Americans borrowed less for a record ninth straight month in October, another sign that consumer spending will remain weak, making it harder for the economy to mount a sustained rebound.

54. October Sales Offer Relief to Merchants -

NEW YORK (AP) – Consumers, enticed by cooler weather and an improving economy, spent a little more in October, handing the retail industry its second consecutive monthly sales gain after more than a year of declines.

55. Retailers Report Sales Declines For August -

NEW YORK (AP) – Retailers on Thursday posted sales declines for August as shoppers held back on back-to-school purchases and continued to focus on necessities, but overall results came in ahead of analyst predictions.

56. Retailers' Results Top Estimates; Wariness Remains -

NEW YORK (AP) - Target Corp. and Home Depot Inc. on Tuesday posted lower profits that still topped Wall Street expectations, but economic worries are likely to keep shoppers tight-fisted in the months ahead, executives predicted.

57. US Retailers Report May Sales Declines -

Although consumer confidence may be increasing, it’s not showing up at the cash register yet. Many retailers posted disappointing May sales Thursday, although food and necessities remained high on shoppers’ lists.

58. CHC Documentary To Screen in Midtown -

“Getwell,” a documentary about the Church Health Center, will screen twice May 7 at Studio on the Square.

Shot over the past three years, “Getwell” was co-directed and produced by Patrick Sheehan and Gannon Weaver for their production company Eyeline Films. The film examines the uninsured crisis in the United States and the Church Health Center’s ongoing mission to provide health care to uninsured people and their families.

59. US Shoppers Stay Cautious, But Sales Declines Ease -

NEW YORK (AP) - March same-store sales fell for the sixth straight month, as U.S. consumers continued to shop cautiously and stick mostly to necessities such as food, but there were some glimmers of stabilization in retailers' reports on Thursday.

60. Retailers Report Sales Declines in February -

NEW YORK (AP) - Tighter inventory control and milder weather helped retailers in February as business at many merchants was not as bad as in January. Wal-Mart's gains far outpaced expectations – but many stores, especially at the higher end, still struggled.

61. Consumer Credit Falls More Than Expected in Dec. -

WASHINGTON (AP) - Consumer borrowing fell for a third straight month in December, the longest stretch in 17 years, as U.S. households cut spending amid a steep recession and rising job layoffs.

62. Retail Sales Plummet 2.7 Percent in December -

Retail sales plunged far more than expected in December, ending a dismal holiday season with a record sixth straight monthly decline, and there’s no relief in sight as consumer demand remains weak.

63. US Retailers Report Dismal December Sales -

NEW YORK (AP) – Retailers reported dismal sales figures for December on Thursday as even Wal-Mart Stores Inc., one of the bright spots in the industry, finally buckled under the pressures of the deteriorating U.S. economy.

64. After Sales, Will Shoppers Pay Full Price Again? -

NEW YORK (AP) - Shoppers are getting used to those 75 percent off sale signs, and that's bad news for merchants who worry they will also have to quickly slash prices on spring goods to attract customers.

65. Pawnshops Clients Today are Driving BMWs -

PHILADELPHIA - At Society Hill Loan, a pawnshop in a middle-class neighborhood here, a steady rain fell outside as a fashionably dressed young man parked his Cadillac Escalade outside. Looking around warily, he came in to speak with Nat Leonard, co-owner of the store.

66. Affluent Cut Spending, Which is Bad News for All -

The 80 percent discounts along New York's tony Madison Avenue the weekend before Christmas reflect how bad it is for luxury purveyors. Wealthy Americans have slashed spending and are rethinking their priorities, fueling concern among high-end retailers that conspicuous consumption will go out of style even when the economy recovers.

67. Apparel Chains Report Dismal September Sales -

Dismal September sales results from mall-based apparel chains, released Thursday, offered more fresh evidence that American consumers, spooked by the financial meltdown, shut their wallets tight last month.

68. Retailers Report Weak September Sales -

American shoppers went into hiding in September, sticking to buying the bare-bone essentials and leading many retailers to report dismal sales for the month as skittish consumers grappled with the financial meltdown spreading around the globe.

69. City to Proceed With Mall Purchase -

The city of Memphis is poised to spend $8.7 million to buy and rehabilitate Hickory Ridge Mall, the struggling retail center that for years was among the most visible pieces of commercial real estate in Hickory Hill.

70. Retailers Report Sluggish Sales -

NEW YORK (AP) – Many of the nation’s retailers struggled with a sluggish back-to-school season, though Wal-Mart posted higher August sales Thursday as shoppers focused on buying essentials amid persistent worries about high gas and food prices.

71. Retailers Slash Prices, But at What Cost -

NEW YORK (AP) - In a bid to pull hesitant shoppers into their stores, retailers are slashing prices on everything from jeans to dinnerware. But those fat discounts will likely come at a big cost for the companies.

72. July Sales Mixed For Retailers -

The outlook for the back-to-school shopping season seemed grim Thursday, as retailers’ July sales reports showed an increasing shift toward buying necessities

like food and household supplies at discounters and away from discretionary spending on clothing.

73. Retailers Report May Results Above Expectations -

NEW YORK (AP) – Consumers stepped up their shopping in May after tax rebate checks began hitting mailboxes, giving many of the nation’s retailers stronger than expected sales for the month. Still, there were signs that many people still are focusing on necessities such as food and gas.

74. With Clinton Back on Trail, McCain Visit Up Next -

When New York Sen. Hillary Clinton told her husband a day or so ago that she'd be making a campaign stop in Memphis this week, the former president and Arkansas governor said he was jealous about being unable to come along.

75. Retailers Try to Lure Shoppers After Weak Holiday Season -

NEW YORK (AP) - Retailers opened earlier than ever on the day after Christmas on Wednesday and slashed prices with hopes of salvaging a holiday season that is falling short of already modest expectations.

76. Romney's Tenn. CommitteeCo-chaired by Brad Martin -      Former Massachusetts Gov. Mitt Romney, one of the contenders for the 2008 Republican presidential nomination, this week released the names of 28 members of the Romney for President Tennessee Statewide Finance Committee,

77. Stock Buys Lend Context to First Horizon's Future -

Top executives at First Horizon National Corp. are snapping up shares of company stock.

First Horizon chief financial officer Bryan Jordan bought 5,000 shares last week for nearly $145,000. Jordan, who worked as chief financial officer at Regions Financial Corp. before joining First Horizon this spring, bought 600 shares at $28.97 each and 4,400 shares at $29 each.

78. Pope to SpeakAt U of M Commencement -      Anne B. Pope, co-chair of the Appalachian Regional Commission (ARC), will give the University of Memphis' winter 2006 commencement address Saturday at FedExForum. Almost 1,500 students from the University of Memphis' cla

79. New Cordova Businesses Stand To Draw More Traffic, Observers Say -

One is a coffee shop tucked inside a cozy strip center space and run by a retired Memphis Police Department lieutenant. One is a swanky new restaurant that boasts a first-rate chef, upscale cuisine and late-night DJ entertainment.

80. DeSoto Restaurant Market Takes Off -

Five years ago, DeSoto County's list of places to dine wasn't that impressive. But today, choices abound.

With more than 1 million square feet of retail space expected to be delivered in the next few years, coupled with the construction of several new subdivisions, it's no wonder the dining options available to DeSoto County residents are increasing exponentially.

81. AutoZone ExecutiveAnnounces Resignation - AutoZone Inc. has announced the resignation of Michael Archbold, executive vice president and chief financial officer. Archbold leaves AutoZone to take on the role of executive vice president, CFO and chief administrative officer with Saks Fifth Aven

82. Archived Article: Daily Digest - Home Sales See

BNSF Picks Memphis

for Expansion Plans
The Burlington Northern and Santa Fe Railway Co. has announced plans to expand its Tennessee Yard, an intermodal facility located at Shelby Drive and Lamar Avenue. The expansion projec...

83. Archived Article: Daily Digest - Gibbons appoints

Gibbons appoints

chief of revamped unit

District Attorney General Bill Gibbons announced the appointment of Assistant District Attorney Linda D. Kirklen as director of Gibbons fraud and economic crime unit. The unit is resp...

84. Archived Article: Tech Adornis - Online Jewelry Seller Sets up Shop in Memphis Online jewelry seller sets up shop in Memphis By Suzanne Thompson The Daily News Adornis.com, a European-based company dedicated exclusively to selling brand name, fine jewelry on the Internet, recently ...

85. Archived Article: Real Briefs - Urban Shopping Centers, Inc Mid-America Apartment Communities Inc. announced completion of the lease-up of Phase II of the Paddock Club, located in Brandon, Fla. With occupancy in Phase I strong and the market solid, current rent levels are exceedin...

86. Archived Article: Lakeland Lj - lj 10/5 cates New mall, rural feel contribute to Lakeland growth By LAURIE JOHNSON The Daily News Housing starts in Lakeland reached a near-record level in 1996, and commercial development is expected to get a jump-start during the coming year with ...