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Home Depot opens Locust Grove fulfillment center

LOCUST GROVE, Ga. -- The Home Depot on Monday opened its new, 1 million-square-foot direct fulfillment center in Locust Grove, Ga., to help it offer same-day shipping and delivery.

It is the first of three new fulfillment centers the Atlanta-based home improvement retailer will open across the United States over the next two years. Future fulfillment centers are scheduled to open in Perris, Calif., and Troy, Ohio.

The Locust Grove facility will initially employ about 125 and will eventually employ 300.

Vinings-based Home Depot is investing $300 million to improve its supply chain, build the new fulfillment centers and upgrade warehouse technology systems as part of a focus on generating higher online sales.

RadioShack to close 500 stores

(ATLANTA BUSINESS CHRONICLE) -- RadioShack scored big points with its comedic 1980s-themed Super Bowl ad that poked fun at the retailer's outdated image, but the mood was more somber on Tuesday when news broke that around 500 stores will close in the coming months.

WATCH | RadioShack Super Bowl ad

The Wall Street Journal says it isn't clear which of the Fort Worth, Texas-based company's 4,300 stores will be closed or when.

The closings are part of a restructuring. Says the WSJ, "The retailer has struggled to reverse a string of losses deepened by a sales strategy focused around smartphones, which failed to improve revenue over the past two years."

Michael Merlin named to 'On Wall Street' magazine's Top Advisors Under 40

ATLANTA -- Morgan Stanley (NYSE: MS) today announced that Michael Merlin, an Executive Director, Financial Advisor in the Firm’s wealth management office in Atlanta, GA, has been named to On Wall Street Magazine’s 2013 listing of “Top 40 Advisors Under 40.”

This listing is a select group of individuals who are 39 years of age or younger, as of December 31, 2013. Individuals are recognized based on their trailing 12-month production (T-12) and assets under management (AUM) as of September 30, 2013. This listing also takes into consideration the overall business mix of practices and adherence to high standards of industry regulatory compliance. Investment performance is not a criterion.

“To be named to this annual listing is an impressive honor, and we are extremely proud to have Michael represent Morgan Stanley on this list,” commented Michael Outlaw, Branch Manager of Morgan Stanley’s Buckhead Wealth Management office.

Macy's to lay off 2,500 workers, close 5 stores nationally

Macy's to lay off 2,500 workers, close 5 stores nationally

NEW YORK -- Retailer Macy's will lay off approximately 2,500 workers as it restructures its business, it said Wednesday afternoon.

The layoffs and other cost-saving changes are expected to to generate savings of about $100 million beginning this year, the company said in a press release.

"We have identified some specific areas where we can improve our efficiency without compromising our effectiveness in serving the evolving needs of our customers," said CEO Terry Lundgren in that press release.

The retailer will close five Macy's stores in early spring 2014. The stores that will close are in Fiesta Mall, Mesa, Ariz.; Metcalf South Shopping Center, Overland Park, Kansas; Jamestown Mall, Florissant, Mo., Medley Centre, Irondequoit, N.Y.; and Fashion Place Mall, Murray, Utah.

It will also combine its Midwest Region with its North Region to create a new North Central Region.

Macy's has eight stores in metro Atlanta.

Aaron's supports Cobb mentoring program

Aaron's supports Cobb mentoring program

COBB COUNTY, Ga. -- Aaron's Lease-to-Own has raised $15,000 for the Cobb County School District's Mentoring Matters program.

Cobb Mentoring Matters allows local residents, business owners and civic groups to mentor and donate money to students in need.

"I believe it is our responsibility to positively impact the lives of all individuals we encounter," Brett Ruffino, vice president of Aaron's in Marietta, said in a statement. "It is especially important to the youth that are willingly and enthusiastically lining up saying that they need and want mentorship."

Ruffino added that Aaron's is committed to making a positive impact on the community and the lives of its customers.

Aaron's employees participate in Cobb Mentoring Matters, but wanted to make an additional contribution -- hence, the $15,000 donation.

(CCSD CobbCast)

Weather Channel considering move to Fulton County

ATLANTA -- 11Alive News has learned from a source with inside knowledge - that The Weather Channel is actively considering moving its headquarters to Fulton County.

That source tells us there is potential deal on the table that would give the company some incentive to relocate.

The Weather Channel has made no secret about the fact that they are unhappy with their situation in Cobb County, saying in a previous statement that the county had not provided compelling incentives for them to stay and expand their operation there.

These discussions about relocation and tax relief come on the heels of the braves stadium deal announcement.

After 11Alive received information about discussions over a potential move to Fulton County, we immediately reached out to the Mayor's office for comment.

They told us the office does not make a practice of commenting on economic developments discussions.

Sterling Risk Advisors’ Garret Lazenby named to Board of Directors of Transportation Club of Atlanta

Sterling Risk Advisors’ Garret Lazenby named to Board of Directors of Transportation Club of Atlanta

DECATUR, Ga. -- Garret Lazenby, a broker with Sterling Risk Advisors, has been named to the Board of Directors of the Transportation Club of Atlanta (TCA).  He will serve for a one-year term.

Lazenby helps lead the transportation, logistics, and supply chain practice for Sterling Risk Advisors.  His passion goes beyond the transportation, logistics, and supply chain industries to include a broad range of insurance solutions for professionals, general commercial business, and community associations.