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Business

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  • Business

    Despite ‘very challenging’ environment, AutoZone earnings exceed expectations

    AutoZone reported net sales up almost 16% from the second quarter last year.

    By Rob Moore March 01, 2022
  • Premium Financial Services

    Memphis loses last ‘Big Three’ bank with First Horizon acquisition

    Like Union Planters, which was acquired by Regions in 2004, and National Bank of Commerce, also acquired in 2004 by SunTrust, First Horizon could not avoid industry consolidation forever.

    By Neil Strebig, Christin Yates, Rob Moore March 06, 2022
  • Premium Financial Services

    New First Horizon owners say they’re committed to retaining talent

    On a conference call Monday, Feb. 28, Toronto-Dominion group president and CEO Bharat Masrani announced plans to invest $150 million to keep First Horizon employees.

    Related story:

    First Horizon sold; deal expected to close in November

    By Rob Moore March 01, 2022
  • Update Business

    Hollywood Feed to expand into five new states with acquisition

    Memphis’ Hollywood Feed LLC is acquiring a Columbus, Ohio-based pet-supply store. 

    By Neil Strebig March 01, 2022
  • Update Financial Services

    First Horizon sold; deal expected to close in November

    A Canadian banking and financial firm will pay $25 a share, a 37% premium on FHN’s last close. Shares of the Memphis-based financial institution were up nearly 32% in early trading.

    By Rob Moore March 01, 2022
  • Business

    Bluff City Biz: Women in business with Martha Hample and Vonesha Mitchell

    This week, we’re joined by Martha Hample, managing partner of Hampline Brewing, and Vonesha Mitchell, executive director of the Women’s Business Center South.

    By Rob Moore March 01, 2022
  • Real Estate

    Healthy 2022 expected for suburban housing starts

    The future of home sales, both existing and new construction looks bright for the three suburbs in Northeast Shelby County.

    By Michael Waddell February 28, 2022
  • Business

    Memphis mail problems affect businesses and bills

    Months after a Postal Service slowdown in first-class mail delivery, the USPS estimate of 2.7 days to deliver parcels and letters doesn’t match what we heard from readers.

    By Bill Dries March 07, 2022
  • Spirit of Memphis

    Black-owned bookstores on a mission to improve literacy

    “In a city that is more than 60% African American, I couldn’t believe that there weren’t any Black-owned bookstores,” Jeremee DeMoir said before opening DeMoir Books and Things on White Station Road. 

    By Jasmine McCraven February 28, 2022
  • Premium Business

    Collierville experiences changing landscape of retail

    The way people shop is shifting, but it’s not necessarily due to an increase in online sales.

    By Abigail Warren February 27, 2022
  • Transportation & Logistics

    FedEx suspends operations in Ukraine

    Russian invasion prompts FedEx to indefinitely suspend its services in Ukraine.

    By Rob Moore February 24, 2022
  • Food

    DJ Devin Steel, WKND owners team up for Supper Club on 2nd

    Adrian Granderson, Joe Johnson and Robert Higgins, all originally from Memphis, opened WKND Hang Suite in the South Main Historic District in 2018. 

    By Neil Strebig February 24, 2022
  • Business

    Local female business leaders share secrets to success

    The Daily Memphian hosts its annual Women and Business seminar on Thursday, March 3, at 3:30 p.m. The event will be held at the Memphis Botanic Garden.

    By Christin Yates February 28, 2022
  • Business

    Monogram Foods announces resignation of CFO

    She will be replaced by a former VP at Hormel Foods.

    By Rob Moore February 23, 2022
  • Premium Transportation & Logistics

    All aboard? Lawmaker says it’s time for Memphis-to-Nashville train

    State Rep. Jason Powell plans to start a new caucus, the Train Travel Caucus, to increase rail infrastructure in Tennessee. 

    By Rob Moore February 23, 2022
  • Real Estate

    Downtown’s Butler Row project moves ahead with $2.8M buy

    Capital Square bought the Butler Row property at 509 S. B.B. King Blvd. from Drapac Capital. Construction on the mixed-use project is set to begin later this year. 

    By Neil Strebig February 23, 2022
  • Transportation & Logistics

    After Family Dollar warehouse is closed due to rats, officials want inquiry

    Live rodents, dead rodents in “various states of decay,” rodent feces, dead birds and bird droppings were found inside a West Memphis Family Dollar distribution facility, prompting a voluntary recall. 

    By The Associated Press, Jasmine McCraven February 21, 2022
  • Business

    Bluff City Biz: Concourse B and Blue Oval City with Ted Townsend

    “In many cases, this will be the first impression or experience our visitors will have when they’re coming to Memphis,” Townsend said, “and hopefully we’ll see many, many returns as a result of it.” 

    By Rob Moore February 21, 2022
  • Premium Ford Megasite

    Meet the Ford exec who’s project manager for Blue Oval City

    As electric vehicle footprint director and project manager of Blue Oval City, Greg Christensen will be tasked with helping the iconic brand transition into the era of EV. 

    By Rob Moore February 21, 2022
  • Business

    Memphis-based material handler expands operations in West Tennessee

    Recent economic development throughout West Tennessee, including Ford’s $5.6 billion auto campus in Haywood County, has been a boon to business.

    By Rob Moore February 19, 2022
  • Premium Health Care

    Memphis boasts one of the largest genetic databases of people with African origins

    About 79% of human genomes collected in repositories worldwide are from people of European ancestry, which are primarily Caucasian. This makes it challenging to study and understand the genetic causes of diseases or mutations in other populations.

    By Christin Yates February 22, 2022
  • Business

    Ten organizations receive Nike Black Community Commitment Grants

    The nonprofit groups have received grants totaling $600,000 as part of a multi-year pledge by Nike Inc.

    By Christin Yates February 19, 2022
  • Transportation & Logistics

    Fatal accident Friday at FedEx hub

    A woman working in the hub at FedEx was killed early Friday morning, according to the Memphis Police Department.

    By Yolanda Jones February 18, 2022
  • Business

    EDGE board approves PILOT for Northside High School redevelopment

    The former vocational high school at 1212 Vollintine Ave. will become a multi-use space for vocational skills training, workforce development, multifamily housing, health care services, performing arts and more. 

    By Julia Baker February 16, 2022
  • Movers and Shakers

    Movers & Shakers

    Kyla Marsh is the new Events and Marketing Coordinator with Shelby Residential and Vocational Services (SRVS), a non-profit dedicated to providing services to people with disabilities.

    By The Daily Memphian Staff February 16, 2022

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