Memphis Business Journal

Amazon's creation of an athletic apparel line could continue the shake-up of the sportswear industry and retail environment.
Wednesday, October 18, 2017 - 11:18
Last week, Memphis Business Journal analyzed affluence data to compare the wealthiest cities and towns in Memphis to the wealthiest in Nashville, focusing primarily on suburbs. Given the diverse socioeconomic nature of major cities, affluence can be vastly different in the largest cities across the U.S. than it is in suburbs with concentrated wealth. To see how Memphis stacks up against other comparable cities such as Louisville and Birmingham — and some not-so-comparable cities like San Francisco…
Wednesday, October 18, 2017 - 11:11
The South Main Market food hall is set to open this month with a bar, a deli, a coffee shop and a florist.
Wednesday, October 18, 2017 - 11:05
With gifts ranging from $9 to $1.6 million, Neiman Marcus has unveiled its 91st annual Christmas Book, stocked with items for those willing to pay a little extra for the perfect present. The 300-page catalog features more than 780 items, nearly half of which are priced under $250. But among the pages, shoppers also will find Neiman’s annual fantasy gift collection. This consists of 11 more extravagant presents, such as the Yours & Mine Rolls-Royce Limited Edition Dawns, a pair of vehicles that…
Wednesday, October 18, 2017 - 08:52
Officials will select a maximum of four dispensary licenses per each of the state's eight geographic zones.
Wednesday, October 18, 2017 - 07:30
Accenture is out with its annual holiday shopping survey with some surprising results.
Wednesday, October 18, 2017 - 07:22
North Texas’ two major airlines ranked in the middle of the pack for on-time performance, according to ratings released today. Fort Worth-based American Airlines Group Inc. and Dallas-based Southwest Airlines Co. both received three stars out of a possible five in the On-time Performance Star Ratings released by aviation data company OAG. American’s flights were on-time 78.7 percent of the time, and Southwest’s were on-time 78.5 percent of the time, according to the ratings, which are measured…
Wednesday, October 18, 2017 - 07:14
In a 45-minute meeting at Shelby Farms Park on Monday, the main points of the city's proposal were presented to a group of mayors and chamber officials from across Shelby County. Conversations with some attendees gave the Memphis Business Journal insight into what the city's proposal will include.
Tuesday, October 17, 2017 - 14:58
The City of Memphis is moving forward on plans to use Downtown Tourism Development Zone (TDZ) revenues to build an aquarium and museum on the Memphis Riverfront. The Memphis Business Journal exclusively reported Monday, Oct. 16, that plans to redevelop Mud Island included an aquarium as part of a larger "River Institute concept," where locals and tourists could study the Mississippi River, groundwater and fish and fowl. As part of a presentation to Memphis City Council members, Tuesday, Oct. 17,…
Tuesday, October 17, 2017 - 14:58
New to MBJ's interactive map of the area's most significant upcoming developments are projects totaling nearly $75 million. Included in the recent update are Boyle Investment Co.’s proposed $45 million, 375-unit Germantown apartment complex, Loeb Properties’ proposed $24 million, 100-room Overton Square hotel, and Agricenter International’s upcoming $5.3 million in "transformative" renovations.  To see a map tracking recent developments across the area, click here. See a project that's…
Tuesday, October 17, 2017 - 14:16
Pfizer Inc., which has had Global Financial Services (GFS) operations located in Memphis since 2001, is in line to receive a $5.3 million, 14-year local tax break.
Tuesday, October 17, 2017 - 14:14
MBJs Super Women in Business was held Friday, Sept. 22, at the Holiday Inn University of Memphis. The honorees included in the 6th annual Super Women are essential, to their industries, to their companies and organizations, to their coworkers and employees, to their networks of contacts, to us all. In their profiles, which you can read here (Part I) and here (Part II) and here (Women to Watch), you will hear stories of conventions and traditions broken; of courage to overcome asymmetric professional…
Tuesday, October 17, 2017 - 13:23
A 33-year veteran of a storied Memphis restaurant has won a statewide award. The Tennessee Hospitality & Tourism Association awarded its 2017 Restaurant Manager of the Year Award to Folk's Folly's Diane Kauker. The award recognizes a manager who "has demonstrated exceptional contributions of leadership, service and involvement in community or civic affairs." Kauker joined Folk's family, which was founded in 1977, as a hostess in the mid-1980's and became a manager after finishing college. She…
Tuesday, October 17, 2017 - 12:16
After deploying 70 police surveillance cameras throughout the city last year, MPD is gearing up for more.
Tuesday, October 17, 2017 - 12:02
Nashville Mayor Megan Barry announced Tuesday her $5.2 billion plan for mass transit, and she hopes to get a lot for the money. The plan includes a series of overhauls to the city's existing bus system, in addition to 26 miles of light-rail lines and underground transit through Downtown Nashville. But, before any routes are finalized or ground is broken, Barry will have to persuade voters to raise their taxes to support the multi-year and multibillion-dollar proposal. If the mayor's plan — along…
Tuesday, October 17, 2017 - 11:43
The dreaded college entrance exam. Whether you take the ACT or the SAT, the testing process and results are sure to cause moments of anxiety for high school students. Earning a top score can make a huge difference in the high cost of attending college (with merit-based scholarships), and earning a minimum score can make going to college a reality. Due to the almost-universal need for college-bound high school students to take the ACT, Memphis Business Journal looked at the scores achieved by…
Tuesday, October 17, 2017 - 11:22
The Tennessee Brewery is getting its first official retail tenant. I Love Juice Bar's third Memphis location is scheduled to open next spring in the Tennessee Brewery's Bottle Shop at 500 Tennessee St. To see a recent look into the Tennessee Brewery's progress, click the slideshow. The 867-square-foot location of I Love Juice Bar Downtown will offer indoor and outdoor seating, as well as grab-and-go items. The concept offers fresh-made juices, smoothies, essential oil and wellness shots, as…
Tuesday, October 17, 2017 - 11:07
Collaborative, flexible, innovative — three words that describe the future home of ServiceMaster Global Holdings. As Memphis-based ServiceMaster continues the renovation of the Peabody Place mall into its new headquarters, attention now turns to what that space will look like. “Turning a former Downtown urban shopping mall into Class A office space has presented the project team with some really interesting design opportunities,” said Terry Ingram, vice president of supply management for…
Tuesday, October 17, 2017 - 10:37
Apollo Management Group, the private equity firm that bought Fresh Market in early 2016 and took it private, recently threw the grocer a "$50 million lifeline."
Tuesday, October 17, 2017 - 09:29
A New York resident has pleaded guilty in a case involving two counterfeit bottles of Pappy Van Winkle bourbon, which sold for $1,500 last year. This is the first successful prosecution for counterfeit Van Winkle bourbon to date, according to a news release from Kentucky-based Buffalo Trace Distillery, which owns the brand and brought the legal action. Sentencing in this case will take place in January 2018. The company also said it has spent more than $500,000 to the last year to try to curb the…
Tuesday, October 17, 2017 - 07:52

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