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Business
With most businesses struggling this year due to the COVID-19 pandemic, the Bank of Bartlett has served as a lifeline for more than 1,500 businesses and 10,600 employees. -
Real Estate
Documents reveal design, site plan for Google Ops Center
The Southaven Planning Commission has approved the nearly 10-acre site plan for 5665 Airways; the building design is still being revised.
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Transportation & Logistics
Williams-Sonoma hiring 200 now, maybe 3,000 for peak
Williams-Sonoma is hiring 200 for Memphis area distribution facilities and says it could need to add as many as 3,000 seasonal workers for the 2020 peak.
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Business
Last Look: See inside the Racquet Club of Memphis
The Daily Memphian was recently given one last tour of the property.
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Real Estate
Amazon opens fulfillment center for larger items in Olive Branch
The 1 million-square-foot facility is one of six that Amazon has either opened or will soon open in the Memphis area.
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Health Care
Baptist will burn through 400K gowns in less than month
Baptist needs 15,000 gowns a day; to get them, it chartered a plane through FedEx, straight from China.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Real Estate
Stein Mart closings hit Memphis area, where 3 stores operate
Stein Mart operates Memphis-area stores in East Memphis, Collierville and Cordova.
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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.
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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.
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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.
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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.
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Business
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.
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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.
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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.
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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.
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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.
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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.
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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.
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