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Editorial Results (free)

1. Fred’s Appoints New Chief Financial Officer -

Memphis-based Fred’s Inc. has appointed Jason Jenne as executive vice president and chief financial officer, effective immediately.

Fred’s announced Wednesday, July 19, that Jenne will succeed Rick Hans, who the company says is leaving “to pursue other opportunities.” Hans will remain in an advisory role until Aug. 18, working with Jenne to ensure a smooth transition.

2. Last Word: Closing the Door, Midtown Rents and Red West's Many Roles -

It didn’t take the Shelby County Commission very long Wednesday to close the door on its budget season – about 20 minutes in the day’s special meeting to approve a county property tax rate of $4.11 on third and final reading. That’s not a quick up or down vote. And it took just a bit longer because there is still some discussion about whether this was a reduction in the tax rate or a tax cut in the sense that a homeowner in Shelby County would understand the term.

3. Fred’s Appoints New Chief Financial Officer -

Memphis-based Fred’s Inc. has appointed Jason Jenne as executive vice president and chief financial officer, effective immediately.

Fred’s announced Wednesday, July 19, that Jenne will succeed Rick Hans, who the company says is leaving “to pursue other opportunities.” Hans will remain in an advisory role until Aug. 18, working with Jenne to ensure a smooth transition.

4. Last Word: Corporate Musical Chairs, Another Dollar General and Ronnie Grisanti -

The three-way deal by which Memphis-based Fred’s was to buy hundreds of Rite-Aid stores from Walgreens just keeps getting worse for Fred’s even though the deal happened last week without Fred’s. An analyst says Fred’s got cut out because of questions about the corporation’s viability to enter into what is an ambitious change of course for the company on a large scale.

5. Fred’s OKs Short-Term Shareholder Rights Plan -

Memphis-based Fred’s Inc., also called Fred’s Pharmacy now, announced Wednesday, June 28, that its board of directors has adopted a short-term shareholder rights plan that will expire on Sept. 25.

6. Analyst: Fred’s Not Seen as Viable Buyer of Rite Aid Stores -

Nick Mitchell, managing director and research analyst with Northcoast Research, didn’t have to do much work or analysis in the wake of news that Memphis-based Fred’s Inc. has been cut out of a deal between Walgreens and Rite Aid.

7. Last Word: No Deal, Ivan Rabb and Intermodals in Overton Park -

And the winner is … not Fred’s. After months of speculation about the Memphis-based discount retail store’s transformation into a pharmacy-based enterprise with the purchase of hundreds of Rite Aid stores in a third-party divestment move, Fred’s was nowhere to be found when Walgreens announced a deal Thursday to buy the Rite Aid stores. The corporation told investors it will still pursue its strategy but acknowledged its trajectory is “stunted” – that as Fred’s got hammered on Wall Street.

8. Fred’s Cut Out of New Walgreens, Rite Aid Deal -

Walgreens Boots Alliance has struck a new deal with Rite Aid to buy 2,186 of the chain’s stores for $5.18 billion, an agreement that replaces the two rivals’ planned merger. It also nixes the component of the merger involving Memphis-based Fred’s Inc. buying hundreds of Rite Aid stores to help the now-defunct merger pass regulatory muster.

9. Fred’s Approves Short-Term Shareholder Rights Plan -

Memphis-based Fred’s Inc., also called Fred’s Pharmacy now, announced Wednesday, June 28, that its board of directors has adopted a short-term shareholder rights plan that will expire on Sept. 25.

10. Fred’s Reports Q1 Loss, Says Changes are Working -

During many of its recent quarterly earnings presentations, Memphis-based discount retailer and drugstore company Fred’s Inc. essentially had to ask analysts and investors to be patient – to stick with the company through a turnaround in which the only good news to report seemed to be the kind that was coming but not here yet.

11. Fred’s Reports May Sales Slipped By 3.1 Percent -

Memphis-based discount retailer Fred’s Inc. reported lower monthly sales for May compared to a year ago, citing the closing of 39 underperforming stores in the first quarter for the results.

12. Fred’s Reports May Sales Slipped By 3.1 Percent -

Memphis-based discount retailer Fred’s Inc. reported lower monthly sales for May compared to a year ago, citing the closing of 39 underperforming stores in the first quarter for the results.

13. Last Word: Election Day, Game 6 and School Vouchers Get Rolled -

Intermission in the NBA playoffs as tipoff of Game 6 approaches Thursday evening at the Forum. Look at all of the clouds as the lights dimming and letting you know it’s time to take your seats for the show that is reigniting the local passion for basketball.

14. Activist Investor Gets 2 Fred’s Board Seats -

The yellow sign near the corner of Summer Avenue and White Station reads: Fred’s Pharmacy. It’s a physical representation of the Memphis-based discount retailer repositioning itself away from its retail legacy and doubling down on its health care-related and pharmacy offerings.

15. Last Word: Spring Votes, Those Tax Bills and Tim McCarver on Baseball Changes -

Look for more details on the specifics of the “Gateway” project to start to emerge now that a crucial if overlooked piece of the geographic puzzle in the north Downtown area has come into public view. The city’s largest hotel, also the city’s original convention center hotel, is about to change hands and go back to flying the Marriott flag.

16. Fred’s May Buy Up to 1,200 Rite Aid Stores -

Memphis-based Fred’s Inc. is “the right buyer” of hundreds of Rite Aid stores that need to be divested so Rite Aid and Walgreens Boots Alliance can win Federal Trade Commission approval for their pending merger.

17. Fred’s Brings on New Board Members -

Change continues to be the operative word at Memphis-based retailer Fred’s Inc., which has made some key additions to its board in recent days as the company continues pursuing a major turnaround that includes completing its acquisition of 865 Rite Aid stores.

18. Last Word: De-Annexation Theories, Clash on School Vouchers and Garth & Trisha -

Memphis Mayor Jim Strickland and his administration come up with some surprises in de-annexation recommendations to the city task force on the issue. The three most recently annexed areas of Memphis were considered likely to be in the recommendations. Although the indication last year was that this would take a lot of discussion before someone actually wrote that on a Power Point presentation at City Hall. Not only did Strickland do that – he also included four other areas.

19. Fred’s Could Buy More Rite Aid Stores -

Fred’s Inc. may end up buying more than the 865 Rite Aid stores it’s already planned to acquire as part of the merger of two drugstore chains.

In December, Memphis-based Fred’s said it would buy those 865 stores from Walgreens Boots Alliance Inc. and Rite Aid Corp. on the heels of Walgreens working to satisfy regulatory concerns for its purchase of Rite Aid. Since then, the two chains have said they may divest more stores to overcome concerns from regulators.

20. Last Word: State of the State React, Reverse Logistics and Speed Limiters -

As the work week began, U.S. Rep. Steve Cohen of Memphis joining House Democrats in sponsoring a bill that would bar the use of any federal funds to carry out President Trump’s order barring refugees from seven majority Muslim countries.

21. Walgreens Slashes Offer for Rite Aid, Pushes Back Deadline -

Walgreens substantially lowered its offering price for drugstore rival Rite Aid and, facing resistance from U.S. regulators, raised the number of stores it would be willing to unload to ease monopoly concerns.

22. Fred's, A Small Drugstore Chain, May Become National Player -

NEW YORK (AP) – Fred's, a small regional drugstore chain from Memphis, Tennessee, had a very good week last week.

It all started Tuesday, Dec. 20, when Fred's said it would pay $950 million to buy 865 stores that Rite Aid needed to sell in order to appease anti-trust regulators and close its $9.4 billion buyout deal with Walgreens Boots Alliance Inc.

23. Last Word: Fred's Post Mortem, Karen Camper on Guns and Pentatonix at Calvary -

Who knew Fred’s could become probably the most complex local business story of the year? More post mortem on the $950 million deal announced this week in which the Memphis-based corporation bought 865 Rite Aid stores from Walgreens and Rite-Aid, who are working toward an acquisition and merger deal of their own.

24. Analyst: Rite Aid Buy ‘Good Deal’ for Fred’s -

Memphis-based Fred’s Inc. got a “really good deal” on the 865 Rite Aid stores it’s agreed to buy for $950 million in a deal that takes the company beyond its core market and marks a significant new chapter in its story.

25. Last Word: Boca Ends Badly, Fred's Deal Still Moving and The Couch Dylan Sat On -

Z Bo ejected and the Grizz fall to the Celtics 112 – 109 Tuesday at the Forum. Post game, Fizdale says the team has a leadership problem.

The Tigers at the Forum Wednesday, playing the Incarnate Word Cardinals.

26. $950M Deal Would Make Fred's No. 3 Nationwide -

Memphis-based Fred’s Inc. has agreed to buy 865 Rite Aid stores from Walgreens Boots Alliance Inc. and Rite Aid Corp. for $950 million, which will make Fred's the third-largest drugstore chain nationwide.

27. CVS Health's 3Q Profit Jumps, But Revenue Disappoints -

CVS Health Corp. missed Wall Street's revenue expectations in the third quarter, despite sales jumping due to acquisitions. The company trimmed its profit forecast for this year, triggering a stock selloff.

28. As US Puts Breaks on Megadeals, Walgreens Prepares to Unload -

Walgreens believes that it will probably have to unload more stores than expected to ease antitrust concerns over its pending, $9.41 billion acquisition of Rite Aid, a deal that would make the nation's largest drugstore chain even larger.

29. Local Rite Aid Pharmacies Offering New Vaccines -

In response to the outbreak of measles cases in the Memphis-area, Rite Aid pharmacies are offering to administer the MMR vaccine, which offers protection against measles, mumps and rubella, at all Memphis-area stores to anyone age 3 and above.

30. Local Rite Aid Pharmacies Offering New Vaccines -

In response to the outbreak of measles cases in the Memphis-area, Rite Aid pharmacies are offering to administer the MMR vaccine, which offers protection against measles, mumps and rubella, at all Memphis-area stores to anyone age 3 and above.

31. Two Innovation Talks That Noted Telemedicine -

A Journey Toward Commercialization: A Case Study in Xerox’s Venture into Telemedicine, a talk given by Denise Fletcher, Xerox

32. Report: Walgreens Nears Deal to Buy Rite Aid -

Shares of Rite Aid jumped nearly 40 percent Tuesday afternoon on a report that it may be gobbled up in the next major acquisition by Walgreens, the biggest U.S. drugstore chain.

The Wall Street Journal said Walgreens Boots Alliance is in advanced talks to buy Rite Aid, which is based in Camp Hill, Pennsylvania. The deal would combine the largest and third-largest U.S. drugstore chains, based on store counts.

33. Boosting Overtime: Obama Calls for Broader Coverage -

WASHINGTON (AP) – They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many workers they supervise.

34. CVS Health Launches Health, Beauty Makeover for Drugstores -

CVS drugstores that quit tobacco sales last year are now getting health and beauty makeovers and a shot of ethnic diversity in some cases to attract customers who want more than a prescription refill.

35. Rite Aid to Pay $2B for EnvisionRx -

Rite Aid is expanding from running drugstores into managing pharmacy benefits with a planned, $2 billion purchase of EnvisionRx.

The company said it will pay about $1.8 billion in cash and $200 million in stock for EnvisionRx, a pharmacy benefit manager, or PBM, owned by the investment firm TPG.

36. Rite Aid to Pay $2 Billion for Pharmacy Benefit Manager -

Rite Aid is expanding from running drugstores into managing pharmacy benefits with a planned, $2 billion purchase of EnvisionRx.

The company said it will pay about $1.8 billion in cash and $200 million in stock for EnvisionRx, a pharmacy benefit manager, owned by the investment firm TPG.

37. CVS Changes Name, Stops Tobacco Sales Early -

As CVS sharpens its focus on customer health, the nation's second-largest drugstore chain will tweak its corporate name and stop the sale of tobacco nearly a month sooner than planned.

CVS Caremark said it will now be known as CVS Health, effective immediately. The signs on its roughly 7,700 drugstores won't change, so the change may not register with shoppers.

38. Pharmacy Sales Boost Major Drugstores in June -

A jump in pharmacy revenue fueled June sales growth for two of the nation's largest drugstore chains, and they may start adding gains from the health care overhaul later this year.

Walgreen Co. and Rite Aid Corp. said Thursday that pharmacy revenue from their established stores climbed more than 11 percent at Walgreen and 5 percent at Rite Aid last month. Walgreen runs the nation's largest drugstore chain with 8,215 stores, while Rite Aid ranks third with 4,754. The company in the middle, CVS Caremark Corp., doesn't report monthly results.

39. CVS Caremark Plans to Stop Tobacco Products Sales -

CVS, the nation's second-largest drugstore chain, is kicking the habit of selling tobacco products as it continues to shift its focus toward being more of a health care provider.

The company said Wednesday that it will phase out cigarettes, cigars and chewing tobacco by Oct. 1 in its 7,600 stores nationwide, in a move that will help grow its business that works with doctors, hospitals and others to improve customers' health.

40. Out-of-Town Banks Target Memphis for Growth -

More than 40 percent of the customer deposit share in the Memphis-area banking market belongs to institutions that have a presence here but are based outside the area, the latest figures from the Federal Deposit Insurance Corp show.

41. Haslam Writes Feds Letter on Medicaid Expansion -

NASHVILLE (AP) – Republican Gov. Bill Haslam is putting his goals for a special Tennessee deal for Medicaid expansion into writing.

The governor said speaking to the Nashville Rotary Club on Monday that the letter sent to Health and Human Services Secretary Kathleen Sebelius sums up efforts by his administration to negotiate a special arrangement for the state.

42. Iberiabank Expands Local ATM Presence -

Iberiabank now has seven branded ATMs in Rite Aid pharmacies in Memphis through its partnership with Payment Alliance International, a leader in retail ATM solutions.

PAI owns and operates the ATM placements, and Iberiabank cardholders can now make transactions at those ATMs without incurring surcharges.

43. Iberiabank Expands Local ATM Presence -

Iberiabank now has seven branded ATMs in Rite Aid pharmacies in Memphis through its partnership with Payment Alliance International, a leader in retail ATM solutions.

PAI owns and operates the ATM placements, and Iberiabank cardholders can now make transactions at those ATMs without incurring surcharges.

44. Iberiabank Adds to Memphis Operations -

Iberiabank has signed an agreement to acquire certain assets and assume certain liabilities of Trust One Bank.

45. Christ Community Health Services Names Hollabaugh Development Director -

Bonnie Hollabaugh has joined nonprofit Christ Community Health Services, the largest primary care provider in Memphis, as director of development. Hollabaugh’s nonprofit development experience includes extensive work with Ronald McDonald House Charities of Memphis, Girls Inc. of Memphis and Hutchison School.

46. Walgreen Clinics Expand Care Into Chronic Illness -

Walgreen Co. has stretched the reach of its drugstore clinics beyond treating ankle sprains and sinus infections to handling chronic diseases such as diabetes, asthma and high blood pressure.

47. Finard Wraps First Phase of Poplar Plaza Renovation -

Finard Properties LLC has completed the first of many phases in redeveloping Poplar Plaza at Poplar Avenue and South Highland Street – a multimillion-dollar project undertaken to ultimately prepare the center for a new Kroger.

48. Walgreen, Other Pharmacies Form Nationwide Network -

Walgreen Co. and some independent drugstores are investing in a nationwide push to give pharmacists a chance to work more with patients to improve care and cut costs.

49. Balmy Winter Brings Plenty of Economic Surprises -

NEW YORK (AP) – Out of a relatively balmy winter have sprung some economic surprises. People have more cash in their pockets because they aren't turning up the thermostat. Airlines don't have to de-ice planes or battle blizzards. And shoppers are finding great deals on coats and boots.

50. CVS Caremark Rises on 2012 Profit Forecast -

WOONSOCKET, R.I. (AP) – Shares of CVS Caremark Corp. rose Tuesday after the company said it expects that profit at its Caremark pharmacy benefits management business will grow in 2012, reversing two years of declines.

51. Rite Aid Lobbying Costs Rise to $60,000 in Q3 -

NEW YORK (AP) – Rite Aid Corp. spent $60,000 as it lobbied the federal in the third quarter, up 20 percent from a year ago.

52. St. Mary’s Students Collect Beauty Packages -

St. Mary’s Episcopal School is collecting empty tubes of beauty products Friday at the Rite Aid on Union Avenue and Saturday at the Rite Aid in Cordova on Germantown Parkway.

The recycling effort will help Saint Mary’s raise funds for its needs and also help The Skin Care Foundation. The event is done in partnership with Aveeno and TerraCycle.

53. Rite Aid Predicts Its Loss May Grow in Fiscal 2011 -

NEW YORK (AP) - Drugstore chain Rite Aid Corp. reported Wednesday it may post larger losses in its current fiscal year as many shoppers remain out of work and it ramps up spending on new programs.

54. Another Kind of Drug War -

Walgreens’ buyout of 17 local drug stores is the first salvo in a brewing battle for the Memphis market between the nation’s largest retail pharmacy and its closet competitor, CVS.

With the purchase of the prescription files of area Super D and Ike’s drug stores, Walgreens will increase its market share just as CVS is making inroads into Memphis. Walgreens will also lock up two prime locations by obtaining the two Ike’s stores at 2145 Union Ave. and 5040 Park Ave.

55. CVS Caremark Q4 Profit Grows 11 Percent -

NEW YORK (AP) - CVS Caremark Corp., one of the nation's biggest drugstore operators, said Monday its profit rose 11 percent in the fourth quarter as results improved for its pharmacy benefits management business.

56. May Incomes Surge, But Savings Outpace Spending -

WASHINGTON (AP) – U.S. households pushed their savings rates to the highest levels in more than 15 years in May as a big boost in incomes from the government’s stimulus program was devoted more to bolstering nest eggs than increased spending.

57. Rite Aid Pares Q1 Loss and Reduces Spending -

NEW YORK (AP) - Drugstore operator Rite Aid Corp. reported Wednesday it narrowed its fiscal first-quarter loss by closing stores and trimming costs, and making progress as it works to eliminate $6 billion in debt.

58. First Horizon Board Experiences Several Changes -

A flurry of executive changes continues to be seen at Memphis-based First Horizon National Corp.

On the heels of the company’s announcement that it has tapped William Losch, a former senior vice president and chief financial officer for General Bank at Wachovia Corp., to be the new CFO, FHN’s board recently has seen two members step down and one new person join.

59. First Horizon In Spotlight at Tues. Shareholders Mtg. -

Shareholders of First Horizon National Corp. will put the Memphis-based financial services company under close scrutiny this week.

The first big opportunity comes Tuesday, when the company's 2008 annual meeting of shareholders convenes in the auditorium of the First Tennessee Building at 165 Madison Ave. Several things are on the agenda for that meeting, including the election of four Class III directors and one Class II director and a vote to approve the declassification of the company's board of directors.

60. Archived Article -

Gallina Centro Retail Center
On Houston Levee Road
Sale Amount: $17.8 million

Sale Date: March 26, 2007

61. Phoenix-Based Cole BuysGallina Centro Retail Center -      Gallina Centro Retail Center, the Boyle Investment Co. development at the corner of Winchester and South Houston Levee roads, has been bought for $17.8 million by the Phoenix-based real estate investment trust (REIT) tha

62. Archived Article: Small Biz - By Andy Meek

Old-Fashioned Service Helps Drug Store Thrive

ANDY MEEK

The Daily News

To new customers, Dr. Charles Smith is a friendly pharmacist who operates a small drug store and soda fountain thats one of the last of its kind in Memph...

63. Archived Article: Real Focus - By JENNIFER MURLEY Out-of-towners find Memphis real estate enticing By JENNIFER MURLEY The Daily News Within the past three years, two out-of-town commercial real estate investment firms drawn to the growth and location of Memphis have acquired near...

64. Archived Article: Walgreens (lead) - Walgreens starts Holmes/Riverdale store Walgreens investment growing in Memphis By LAURIE JOHNSON The Daily News Walgreens this week is continuing its press into the Memphis retail drug market, launching construction of one store and opening the doo...

65. Archived Article: Planetrx P.2 - PlanetRx PlanetRx.com lays off 70 employees Online drugstore PlanetRx.com laid off about 70 employees last week, or about 15 percent of its workforce, hoping to reduce its losses as the company explores alternatives for remaining in business in the ...

66. Archived Article: Comm Briefs - The deadline for entry in the seventh annual University of Memphis/Peepers Optical Youth Basketball Tournament is Wednesday The deadline for entry in the seventh annual University of Memphis/Peepers Optical Youth Basketball Tournament is Wednesday. ...

67. Archived Article: Rite Aid Lj - Construction underway on Thomas St Rite Aid begins construction on prototype store in Frayser By LAURIE JOHNSON The Daily News Construction is underway on a free-standing Rite Aid drug store at 3060 Thomas St. in Frayser. The 11,270-square-foot drug...

68. Archived Article: Idb - By STACEY PETSCHAUER Two projects would create 180 new jobs By STACEY PETSCHAUER The Daily News Two projects that will create 180 new jobs in Memphis over the next three years will go before the Industrial Development Board today at 3 p.m. The IDB w...

69. Archived Article: Rite Aid Lj - By LAURIE JOHNSON Rite Aid to open third new store in Memphis in 1999 By LAURIE JOHNSON The Daily News Construction is underway on a free-standing Rite Aid drug store at the Quince Road/Fite Road intersection in East Memphis. The 11,270-square-foot ...

70. Archived Article: Real Review - By LAURIE JOHNSON GH Main Street, a Tennessee limited liability company, financed $1.6 million through Peoples Bank of Collierville, securing the loan with two acres on North Main Street, according to a trust deed filed in the Shelby County Register...

71. Archived Article: Rite Aid - By LAURIE JOHNSON Rite Aid in Southaven to relocate to free standing store By LAURIE JOHNSON The Daily News Construction is underway on a free-standing Rite Aid drug store at the northeast corner of State Line Road and Millbranch Road in Southaven, ...