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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Memphis civic leader, former Pinnacle Airlines CEO shot dead

A civic leader and former airline executive was fatally shot as he hosted a road race in downtown Memphis, and police appealed for help Friday as they searched for his killer. Authorities say Philip Trenary, the president and CEO of the Greater Memphis Chamber of Commerce, was shot at about 8 p.m. Thursday on South Front Street, near where the […]

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