Business News: Walmart grocery hiring workers

Walmart grocery hiring workers

Walmart will hire up to 95 workers this fall to staff the new Walmart Neighborhood Market slated to open in Fort Oglethorpe on Jan. 21.

Casey Robertson, an 11-year Walmart employee hired to serve as the new store's general manager, said the new 41,000-square-foot supermarket will be the first stand-alone grocery outlet for Walmart in the region. The Neighborhood market will include groceries, a pharmacy, deli and bakery and is being built at the corner of Battlefield Parkways and Fant Drive.

Applications for the full- and part-time jobs being created at the new Walmart grocery will be accepted Monday through Friday from 8 a.m. to 5 p.m. at a temporary hiring center Walmart has opened at 79 Crye-Leike Plaza, across from the Fort Oglethorpe Walmart Supercenter. Interested applicants may also apply online at http://careers.walmart.com. Most of the new workers will begin their jobs in December.


Cornerstone boosts loans, cuts losses

Cornerstone Bancshares, Inc. , the parent company of Cornerstone Bank in Chattanooga, boosted its loan volume by 5 percent over the past year while cutting its non-performing loans by 12.1 percent.

Cornerstone said Friday it earned $406,000 in the third quarter of 2014, down from $429,000 earned in the same period a year ago. Cornerstone has remained profitable for 15 consecutive quarters and enjoyed a 22.4 percent jump in the value of its stock on the past year.

"We continue to make steady, gradual progress in cleaning up the balance sheet," said Frank Hughes, CEO of the $413 million-asset bank. Miller Wellborn, Cornerstone's chairman, said the bank "is poised and ready to grow right along with the market."


Rock City on historic list

Rock City Gardens, the 82-year-old tourist attraction on Lookout Mountain, has been listed on the National Register of Historic Place at the state level of significance.

Developed in the 1930s by Garnet and Frieda Carter, the 42-acre Rock City integrates stone formations with native vegetation, scenic vistas and imported German statues of gnomes and fairy tale characters in Mother Goose Village. Rock City has been publicized across the south with barn roof signs urging visitors to "See Rock City."

The property owner sponsored the nomination and a consultant prepared the materials for Rock City to be designated on the historic list.


Lee Highway Bi-Lo is sold

The Bi-Lo supermarket at 6951 Lee Highway has been sold, but consumers won't see any difference.

The 48,420-square-foot store, originally built as a Red Food Store in 1969, was sold for $8.9 million this year by a real estate partnership known as Bi Chattanooga Portfolio LP. The new owner, another limited partnership known as Spirit Master Funding Ix LLC, will continue to lease the store to Bi-Lo, according to a spokesperson for Bi-Lo's parent company, Winn-Dixie.

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