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Editorial Results (free)

1. Target Says It Ignored Early Signs of Data Breach -

NEW YORK (AP) – Target Corp. said in its annual report that a massive security breach has hurt its image and business, while spawning dozens of legal actions, and it noted it can't estimate how big the financial tab will end up being.

2. Target: Customers’ PINs Among Stolen Data -

Target said Friday that debit-card PINs were among the financial information stolen from millions of customers who shopped at the retailer earlier this month.

The company said the stolen personal identification numbers, which customers type in to keypads to make secure transactions, were encrypted and that this strongly reduces risk to customers. In addition to the encrypted PINs, customer names, credit and debit card numbers, card expiration dates and the embedded code on the magnetic strip on back of the cards were stolen from about 40 million credit and debit cards used at Target between Nov. 27 and Dec. 15.

3. Target: Customers’ PINs Among Stolen Data -

Target said Friday that debit-card PINs were among the financial information stolen from millions of customers who shopped at the retailer earlier this month.

The company said the stolen personal identification numbers, which customers type in to keypads to make secure transactions, were encrypted and that this strongly reduces risk to customers. In addition to the encrypted PINs, customer names, credit and debit card numbers, card expiration dates and the embedded code on the magnetic strip on back of the cards were stolen from about 40 million credit and debit cards used at Target between Nov. 27 and Dec. 15.

4. Fury and Frustration Over Target Data Breach -

NEW YORK (AP) – Potential victims of credit card fraud tied to Target's security breach said they had trouble contacting the discounter through its website and call centers.

Angry Target customers expressed their displeasure in comments on the company's Facebook page. Some even threatened to stop shopping at the store.

5. Target: 40 Million Card Accounts May be Breached -

Target is grappling with a data security nightmare that threatens to drive off holiday shoppers during the company's busiest time of year.

The nation's second largest discounter said Thursday that data connected to about 40 million credit and debit card accounts was stolen as part of a breach that began over the Thanksgiving weekend.

6. Industrial Revolution -

It’s a striking figure for some commercial real estate experts.

No speculative industrial space – meaning constructed without a tenant in hand – has been built in the city of Memphis over the last four years, while 4 million square feet of speculative industrial space has been built, or is under construction, in DeSoto County.

7. Industrial Developments International Sold to Canadian Company -

Canada-based Brookfield Property Partners LP is acquiring Industrial Developments International Inc. from the U.S. subsidiary of Kajima Corp. for $1.1 billion.

8. Former Theater Site Heads to Auction Block -

The Internal Revenue Service is auctioning a Midtown building with an interesting history.

On Friday, Aug. 9, at the Shelby County Courthouse, the IRS will auction the building and a vacant lot at 319 Dr. M. L. King Jr. Drive and 323 Dr. M. L. King Jr. Drive. The minimum bid the IRS is seeking is $12,356. The IRS seized the building for nonpayment of IRS taxes due from Faith Village.

9. Retailers Report Modest Gains for April -

Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery.

Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions.

10. Retailers Report Modest Gains for April -

Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery.

Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions.

11. TJX Approved for Five-Year Incentive -

The Memphis-Shelby County Economic Development Growth Engine board has approved a five-year tax freeze for TJX Cos. Inc., which is opening a new distribution center in Memphis.

12. TJX Approved for Five-Year Tax Incentive -

The Memphis-Shelby County Economic Development Growth Engine board has approved a five-year tax freeze for TJX Cos. Inc., which is opening a new distribution center in Memphis.

13. TJX Applies for Five-Year Tax Freeze -

As reported last week by The Daily News, TJX Cos. Inc. – after inking the largest industrial lease in the area so far in 2013 – is opening a new distribution center in Memphis that will create 40 jobs, and the company is seeking a five-year tax freeze for the project.

14. TJX Applies for Five-Year Tax Freeze -

As reported last week by The Daily News, TJX Cos. Inc. – after inking the largest industrial lease in the area so far in 2013 – is opening a new distribution center in Memphis that will create 40 jobs, and the company is seeking a five-year tax freeze for the project.

15. TJX Leases Up Chickasaw Building D -

The TJX Cos. Inc. has inked a substantial deal in Southeast Memphis, representing the largest industrial lease so far in 2013.

16. 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.

17. 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.

18. April Retail Sales Worst Since 2009 -

NEW YORK (AP) – Americans' spending – much like the economy – continues to yo-yo.

Major retailers such as Costco and Macy's reported on Thursday that April revenue rose less that 1 percent in the worst performance since 2009 when the U.S. economy was just coming out of a bad recession.

19. HomeGoods Preps for Memphis Store -

Plans are under way for home décor retailer HomeGoods to enter the Memphis market in Cordova.

Metro Construction Inc. has filed a $950,000 building permit application with the city-county Office of Construction Code Enforcement for interior renovation of a former Samuels Furniture and Interiors at The Commons at Dexter Lake, 1615 N. Germantown Parkway, according to The Daily News Online, www.memphisdailynews.com.

20. Trinity Ridge Business Ctr. Sells for $7.6 Million -

7730 Trinity Road, 7740 Trinity Road, 7750 Trinity Road, 7760 Trinity Road and 7866 Trinity Road
Cordova, TN 38018
Sale Amount: $7.6 million

21. Gallina Centro Acreage Sells for $2.1 Million -

Vacant land in Gallina Centro shopping center has been bought for $2.1 million, with the property slated to become a HomeGoods home décor store.

It marks HomeGoods’ first store in the Memphis area.

22. Stores Find Success by Focusing on the Hunt -

Trader Joe's, the specialty grocery chain, might not have the cheapest toilet paper or the most varieties of ketchup, but it hooks customers with mango butter, chocolate-covered pomegranate seeds and cilantro-and-jalapeno hummus.

23. Three Memphis-Area Cos. Enforce Lay-Offs -

Three Shelby County companies have filed Dislocated Worker Unit Report of Official Notices with the Tennessee Department of Labor and Workforce Development.

On Jan. 29, A.J. Wright Store #233 began the process of laying off 35, to be completed by Feb. 8.

24. TJX to Close A.J. Wright Brand, Cut 4,400 Jobs -

NEW YORK (AP) — TJX Cos. says it is shuttering its A.J. Wright discount stores by mid-February, cutting 4,400 jobs and converting some stores to other brands such as T.J. Maxx.

Ninety-one stores will be converted into T.J. Maxx, Marshalls or HomeGoods stores, and 71 will close entirely, along with two distribution centers. About 3,400 staffers will remain employed at the converted stores.

25. 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.

26. 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.

27. New Data: Most Retail Sectors Saw Gains in Feb. -

NEW YORK (AP) — Most retail sectors including electronics and luxury items saw sales gains in February, data released Wednesday show, though snowstorms that shut in shoppers also chilled sales at women's clothing stores.

28. 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.

29. 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.

30. Retailers See Sales Begin to Recover in September -

NEW YORK (AP) - The nation's stores saw their first sales gain in 14 months in September, a sign of life from shoppers that fuels some hope for the holiday shopping season.

A late Labor Day and delayed school openings helped boost back-to-school sales in September. And stores' figures are looking better as they are compared last September when spending plummeted amid the ballooning financial meltdown.

31. 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.

32. Weak Retail Report Cards Likely, Analysts Say -

NEW YORK (AP) - It may be the beginning of the year for students, but for retailers, it's report-card time. Analysts expect the early grades on the back-to-school selling season to be weak when retailers report August results Thursday.

33. Consumer Spending Edges Up in July -

WASHINGTON (AP) – Consumer spending increased in July with help from the popular Cash for Clunkers program, but household incomes, the fuel for future spending increases, were flat.

Consumer spending is the big question mark as the economy struggles to emerge from the recession. Economists worry that households hurt by rising unemployment, weak income growth and depleted investments will not provide the support the economy needs to rebound to sustained growth.

34. Consumer Strain: Pens and Notebooks Put on Layaway -

NEW YORK (AP) - To gauge consumers' strain, look no further than the rows and rows of plastic bags awaiting layaway payments at Kmart. They are filled with back-to-school basics – not just T-shirts and jeans but notebooks, magic markers and pencils.

35. 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.

36. Sluggish July Sales Show Tight-Fisted Consumers -

NEW YORK (AP) – Shoppers, worried about job security and finding fewer options among the sales bins, remained tight-fisted in July, resulting in sluggish sales for many merchants and raising concern about the back-to-school shopping season’s health.

37. 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.

38. Jobless Benefit Rolls Fall, Initial Claims Dip -

WASHINGTON (AP) – The number of people on the unemployment insurance rolls fell slightly for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government reported Thursday.

39. Fred’s Posts 5% Rise, Other Retailers See Hope -

Memphis-based Fred’s Inc. reported Thursday that same-store sales rose 5 percent in April at the retailer and pharmacy chain as consumers gravitated to discounts amid the recession.

For the four-week period ended May 2, total sales fell 1 percent to $135.8 million, which reflected the closure of 74 stores and 23 pharmacies. Fred’s opened one new pharmacy in April.

40. Consumer Credit Falls at Fastest Pace in 18 Years -

WASHINGTON (AP) - Consumer borrowing plunged in March at the fastest pace in 18 years as Americans put away their credit cards and hoarded cash amid the worst recession in decades.

The Federal Reserve said Thursday that consumer borrowing dropped 5.2 percent in March, the biggest decline since an 8.1 percent fall in December 1990.

41. 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.

42. Consumer Borrowing Dips More Than Expected in February -

WASHINGTON (AP) – Consumer borrowing plunged more than expected in February as Americans cut back their use of credit cards by a record amount.

The Federal Reserve said Tuesday that consumer borrowing dropped at an annual rate of $7.48 billion in February, or 3.5 percent, from January. Wall Street economists expected borrowing to slide by only $1 billion, according to a survey by Thomson Reuters.

43. 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.

44. Sector Snap: Specialty Apparel -

NEW YORK (AP) - Shares of specialty apparel retailers were mixed Monday, ahead of several fiscal third-quarter earnings reports.

After many retailers reported dismal October sales in stores open at least on year, a key retail metric known as same-store sales, last week, analysts are pessimistic about third-quarter results. However, shares are down so much over the past several months, few expect retailers' stocks to fall a significant amount further.

45. 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.

46. 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.

47. Retailers Report Mixed Sales Results In Feb. -

NEW YORK (AP) - The nation's retailers got a little reprieve in February, as consumers hesitantly returned to malls and stores after retrenching in recent months. Among the big winners were discounters like Wal-Mart Stores Inc., whose results beat expectations.

48. Archived Article: Daily Digest - CRYE-LEIKE EXPANDING HOT SPRINGS

Manpower Projects

Slow Hiring This Fall

A downturn in hiring activity is projected among Memphis-area employers during fourth quarter 2003, according to the Manpower Employment Outlook Survey. From October t...

49. Archived Article: Marshall's (lead) - By STACEY WIEDOWER Germantown Road site for areas fourth Marshalls By STACEY WIEDOWER The Daily News Construction is underway on a Marshalls store that will anchor the second phase of a Weston Cos. development along Germantown Parkway at Dexter Road...