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Editorial Results (free)

1. Retailers See Slow Start to Back-to-School Season -

NEW YORK (AP) – Shoppers are holding off on back-to-school shopping, and those who delay long enough might be rewarded with some steep discounts from desperate retailers.

Revenue at stores open at least a year – an industry measure of a retailer's health– rose 3.8 percent in July, the slowest pace since March, according to a preliminary tally of 10 retailers by the International Council of Shopping Centers. The figure, which excludes drugstores, was below a 5.5 percent increase in June.

2. Then and Now -

Jay Bailey pictured marching bands and floats when his mother told him he was going on a march.

“We thought of it as a parade,” said Bailey, who was 6 years old in March 1968. “We thought of it as something fun.”

3. Phillips Joins Spirco as Manager, Vice President -

Mike Phillips has joined Spirco Manufacturing as general manager and vice president of operations. In his new role, Phillips will oversee all divisions of the metal-building manufacturer and direct its organizational needs.

4. Crye-Leike Sells Properties, Land At Feb. Auction -

Multiple properties in the Memphis area have traded hands as a result of an auction held by Crye-Leike Auction Services in February.

Kays Nawaf Employee Pension Plan sold three flex warehouse buildings at 4652 Damascus Road, 4660 Damascus Road and 4668 Damascus Road, ranging from 7,450 square feet to 10,160 square feet. There was a published minimum bid of $83,000 each.

5. J.C. Penney Gets Rid of Hundreds of Sales -

NEW YORK (AP) – J.C. Penney is permanently marking down all of its merchandise by at least 40 percent so shoppers no longer have to wait for sales to get bargains.

Penney said Wednesday that it is getting rid of the hundreds of sales it offers each year in favor of a simpler approach to pricing. Starting on Feb. 1, the retailer is rolling out an "Every Day" pricing strategy with much fewer sales throughout the year.

6. 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.

7. Sears Q3 Loss Widens on Softness in Canada -

NEW YORK (AP) – Sears Holdings Corp. turned in a wider-than-expected loss in its third-quarter, dragged down by weakness in Canada, declining consumer electronics sales and softer clothing sales at its Kmart stores.

8. Air Park Property Sells For $730,000 -

Crump Commercial LLC recently closed on a property at 3850 Air Park St., a deal that has been in the works for about six months.

9. One Week Later: Historic Mayoral Era Turns to New Beginnings -

Just more than a week ago, Methodist minister Frank McRae opened a gathering at City Hall that was Memphis Mayor Willie Herenton’s farewell.

McRae talked about what he termed the “passing parade of politicians.”

10. Stores Using Survival Tactics, Look Past Holidays -

NEW YORK (AP) - Retailers are accelerating their use of survival tactics – slashing prices further and pulling merchandise off shelves to send to liquidators – as the number of holiday shopping days dwindles. But January and beyond look scarier for even relatively healthy merchants as the passing of the holidays give shoppers no reason at all to spend.

11. Holiday Shopping Season Off to a Modest Start -

NEW YORK (AP) - The Thanksgiving shopping weekend may not have been the disaster some had feared, but unprecedented discounts and tempered buying likely resulted in overall soft sales as a buying binge on Friday quickly fizzled. Now, online retailers are ramping up deals to turn skittish shoppers into "Cyber Monday" spenders.

12. Archived Article: Memos - Resource Bancshares Mortgage Bruce Clark has been named senior vice president, systems technology and support, and chief information officer for AutoZone Inc. He most recently was chief information officer and senior vice president, telemarketing, f...