Fred’s to close 159 stores and start clearance sales at 360 locations

Discount chain Fred’s is joining the growing list of retailers shuttering stores amid slumping sales. The Memphis-based company announced Thursday it will close 159 underperforming stores by the end of May with “going out of business” sales starting Thursday as it looks to reduce its store footprint and “evaluate strategic alternatives.” The struggling retailer said in a statement that it retained investment banking advisory […]

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Head of Memphis Chamber of Commerce killed in downtown shooting, mayor says

MEMPHIS, Tenn. – The president and CEO of the Greater Memphis Chamber of Commerce was killed Thursday night in a shooting in downtown Memphis. The death of Philip H. Trenary was confirmed in a tweet by Memphis Mayor Jim Strickland. “Like many of you, I’m shocked at the senseless loss tonight of Phil Trenary, a leader in our community,” Strickland said. “More than anything […]

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