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Business

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  • Transportation & Logistics

    FedEx shares rebound amid e-commerce boom, airlift shortage

    FedEx shares have shot up over $200 in recent trading after languishing below $150 a share earlier this summer. Supply and demand is driving the growth.

    By Wayne Risher August 17, 2020
  • Business

    Whimsy Cookie expands despite pandemic

    When the pandemic struck and businesses shut down to stem to the spread of the coronavirus, Whimsy Cookie didn’t pull back. Instead, the small business expanded.

    By Toni Lepeska August 17, 2020
  • Real Estate

    Yeti cooler warehouse among 6 new projects totaling 587 jobs, $184M in investments

    DHL proposes to build a 975,000-square-foot warehouse and fill it with Yeti coolers and other Yeti products. And a California company proposes to move its headquarters to Memphis.

    By Tom Bailey August 15, 2020
  • Real Estate

    Poplar Plaza’s new ‘front door': $56M, 240 apartments, 282,000 square feet (and more to come)

    The executive in charge of a retail landmark in Memphis opens up about adding a new "egg" to the basket: Apartments.

    By Tom Bailey August 14, 2020
  • Transportation & Logistics

    Shark Week brings Trump appointee to FedEx hub

    Remains of lions, tigers and bears and more exotic creatures are part of a U.S. Fish & Wildlife Service trove of items stopped from moving through the FedEx Express Memphis hub.

    By Wayne Risher August 14, 2020
  • Financial Services

    FirstBank hires former Iberiabank execs

    Greg Smithers joined FirstBank as Memphis market president July 7 after leaving Iberiabank, where he had been regional president for Tennessee and Arkansas.

    By Wayne Risher August 14, 2020
  • Business

    AutoZone hiring 20,000 nationally

    Memphis-based AutoZone is going on a hiring spree, adding more than 20,000 full- and part-time employees.

    By The Daily Memphian Staff August 13, 2020
  • Real Estate

    Stein Mart closings hit Memphis area, where 3 stores operate

    Stein Mart operates Memphis-area stores in East Memphis, Collierville and Cordova.

    By Tom Bailey August 13, 2020
  • Transportation & Logistics

    Port of Memphis sees huge impact from containers on river

    Proposed Port of Memphis link in a container-on-barges shipping network could yield billions in benefits, Memphis-Shelby County economic development officials say.

    By Wayne Risher August 14, 2020
  • Real Estate

    Planning board approves Poplar Plaza redevelopment despite Red Acres’ privacy, traffic concerns

    Owner Finard Properties plans to demolish the two buildings anchoring Poplar Plaza’s most prominent corner, at Poplar and Highland, to build mixed-use structures.

    By Tom Bailey August 13, 2020
  • Real Estate

    Demolition starting on old Racquet Club property

    The sprawling complex of buildings on the 9.3-acre site is being razed to remove blight and prepare the grounds for future development.

    By Tom Bailey August 14, 2020
  • Premium Real Estate

    City prepares to sell huge property in heart of Midtown

    Developers will have a rare opportunity to buy 4.5 acres with 100 yards of frontage on Union Avenue. But in seeking bids, city officials say they want the "best" use, not simply the highest dollar amount. 

    By Tom Bailey August 13, 2020
  • Education

    CBU freshmen move in with usual fears, plus pandemic

    At Christian Brothers University, modeling indicated campus would lose more than $4 million if all learning was conducted remotely. 

    By Jane Roberts August 14, 2020
  • Real Estate

    Paper & Clay plans move to South Main, seeks renovation grant

    The maker and retailer of modern-design ceramic products is growing and needs more space. Paper & Clay will move into a building vacated by the closing of Bumpus Harley-Davidson on South Main.

    By Tom Bailey August 12, 2020
  • Transportation & Logistics

    CEO says FedEx will stay on cutting edge

    FedEx chief Frederick W. Smith said the company's response to COVID-19 included one of the largest efforts to move goods by air since the Berlin Airlift of 1948-1949.

    By Wayne Risher August 12, 2020
  • Real Estate

    Downtown agency approves changes in how public money will help build The Walk

    The Center City Revenue Finance Corp. approved 30 years of property tax savings that will fund $134.6 million of the $741 million development’s costs, and a 5% tourism surcharge that is estimated to provide $20.8 million for the project. 

    By Tom Bailey August 11, 2020
  • Business

    International Paper nets more cash from Graphic Packaging stake

    International Paper is selling a block of shares in Graphic Packaging for the second time this year, as part of continuing effort to generate cash from the 2018 equity investment.

    By Wayne Risher August 11, 2020
  • Real Estate

    Poplar Plaza’s proposed redevelopment concerns neighboring Red Acres

    Concerned about increased traffic and building height, the Red Acres Neighborhood Association has asked for a delay in plans for redeveloping part of Poplar Plaza for both apartments and retail.

    By Tom Bailey August 11, 2020
  • Premium Transportation & Logistics

    FedEx leaders come up short on bonus targets

    FedEx's top leaders didn't get bonuses for the first time in 11 years as company earnings and income lagged behind targets in fiscal 2020.

    By Wayne Risher August 10, 2020
  • Real Estate

    Memphis-area home sales rise a ‘pretty remarkable’ 1.9% in July

    Following the early shock of COVID-19, the positive July sales reflect acceptance of a "new normal'' in the local real estate market, one Realtor believes.

    By Tom Bailey August 10, 2020
  • Premium Real Estate

    Plans for convenience stores with fuel pop up across Memphis

    The Land Use Control Board in September is to consider applications for three convenience stores with gas, plus a truck stop. And those are hardly all of the proposals floating about.

    By Tom Bailey August 10, 2020
  • Business

    Working remotely puts focus on equipment

    Other tricks to improve connectivity and reliability include putting a rate limit on gaming consoles and paying for business-class connections.

    By Toni Lepeska August 13, 2020
  • Real Estate

    COVID-19 credit crunch could shrink hotel pipeline

    Some experts expect fewer hotels to be built in Memphis over next couple years because of tight credit market for projects with no clear path for recovery from COVID-19.

    By Wayne Risher August 10, 2020
  • Health Care

    Entrepreneurial nurses build virtual clinic around telehealth

    Online practice offers appointments six days a week from acute care to helping people manage chronic disease.

    By Jane Roberts August 08, 2020
  • Health Care

    Tripwires set conditions for businesses to reopen; clarify rules for athletic events

    The new standards for reopening bars and allowing gatherings are based on trends in cases and positivity rates.

    By Jane Roberts August 10, 2020

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