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Editorial Results (free)

1. Fino’s Taking a Bite Out of East Memphis -

The Brookhaven Circle area, an emerging restaurant row in the heart of East Memphis, is welcoming a new neighbor.

Jerry Wilson, owner of Fino’s from the Hill at 1853 Madison Ave. in Midtown, has acquired the property at 703 W. Brookhaven Circle in East Memphis for $526,600.

2. Snapshot: Memphis-Based Public Companies -

Here's a look at what's going on at the dozen public companies headquartered in Memphis:

AutoZone Inc.

AutoZone Inc. is one of the largest auto parts retailers and distributors in the U.S., with a store count of 5,476 as of Feb. 14. Since 1998, the company has repurchased $15.7 billion worth of its own shares. At the end of March, AutoZone continued its share buyback program with the authorization to buy back another $750 million in company stock. The company followed that news with plans to pursue a $650 million debt offering to be used for “general corporate purposes.” – Andy Meek

3. Small-Town Shift -

Fred’s Inc. CEO Jerry A. Shore has been thinking bigger and smaller simultaneously.

“One of my key strategies after being named CEO was to upgrade talent,” said Shore, who had been the company’s CFO for more than 14 years before changing corporate hats a few months ago.

4. Flurry of Fred’s News Includes Fourth-Quarter Loss -

Fred’s Inc. reported a fourth-quarter loss Thursday, March 26, the day after announcing a major acquisition to its pharmacy network as well as the addition of several new executives.

Fred's Inc. booked an $8.2 million loss in the quarter ended Jan. 31 as a rise in expenses countered a small sales gain.

5. Fred's Buys Pharmacy in $66 Million Deal -

Fred's Inc. has signed an agreement to acquire Reeves-Sain Drug Store Inc., a private specialty and retail pharmacy company based in the Nashville area.

6. Fred’s Names New Chief Operating Officer -

Discount merchandiser Fred’s Inc. has tapped a new president and chief operating officer, a key hire that adds to a fresh executive team for the retailer.

Effective Jan. 12, Michael Bloom has joined Fred’s as president and COO, bringing to the company more than 30 years of experience in small-box general merchandising, supply chain management and store operations. He’s seen the industry from vantage points that include stints at companies like Family Dollar Stores Inc., where he likewise was president and COO, and at CVS Caremark Corp, where he held a variety of positions.

7. Fred's Taps New CEO -

Memphis-based Fred’s Inc. has shuffled its executive ranks, tapping executive vice president and chief financial officer Jerry Shore as its new CEO following CEO Bruce Efird giving his resignation to the company’s board.

8. Fred's Seeks Strategic Options After Weak Sales -

Shares of Fred's Inc. hit an 8-year high Thursday after the discount retailer said it will seek strategic opportunities and announced a revamp of its merchandising and marketing team after a weak holiday shopping season.

9. Grocery Growth -

By the end of this year, Kroger will have spent between $150 million and $200 million on upgrades, fixes and renovations at its Memphis-area stores.

That investment is one example among many in the Memphis area of how the stiff competition among grocers and similar retailers is playing out as they make grabs for bigger slices of the customer pie.

10. Marlo Thomas Among Jefferson Award Recipients -

WASHINGTON (AP) – U.S. Supreme Court Justice Ruth Bader Ginsburg, actress Marlo Thomas and sports team owner Jerry M. Reinsdorf are among the people being honored with a national prize for public service.

11. First Horizon Swings To $19.1M Loss, CEO Plans to Retire -

MEMPHIS (AP) – Regional bank First Horizon National Corp. swung to a loss during the second quarter because of a sharp increase for loan-loss provisions, according to a Tuesday announcement.

The company also announced president and CEO Jerry Baker is leaving his position effective Sept. 1 to become vice chairman of the First Horizon National Corp. board of directors. He will be replaced by D. Bryan Jordan. Baker will assist in the transition until he retires in December.

12. BREAKING NEWS: First Horizon Swings to $19.1M Loss, CEO Plans to Retire -

MEMPHIS (AP) - Regional bank First Horizon National Corp. swung to a loss during the second quarter due to a sharp increase for loan-loss provisions, according to a company announcement Tuesday.

13. 'Unstable Environments' -

It's not repair work. It's rebuilding in Hickory Hill. That's how the team of local emergency responders described the immediate task in the community hit harder by Tuesday evening's storms than any other part of Memphis.

14. Fred's Launches New Drug Program -      On Monday, Fred's Inc. began selling generic drugs for $4 per prescription per month at five Fred's pharmacies in Memphis, Bartlett and Millington.
     The pilot program is available to Fred

15. Archived Article: Memos - John V John V. White Jr. has been appointed chairman, president and chief executive officer of Union Planters Bank. White joins Union Planters from National City Bank, where he served as executive vice president of retail banking for the state of In...