Iconic Memphis store bordering on extinction

MEMPHIS, Tenn. (AP) - A longtime Memphis store known for distinctive colors and a circus elephant may soon become extinct.

The Memphis Commercial Appeal reports that Walgreens owns the rights to the Ike's Deep Discount store name and is in negotiations with USA Drug to purchase the remaining Ike's stores.

Walgreen spokeswoman Tiffani Washington said if the company purchases the stores, they will quickly become Walgreens stores.

If the stores change identity, it would bring an end to the Ike's brand.

USA Drug bought Ike's and Super D in 1997. The Pine Bluff, Ark., company closed two Ike's stores and all of its Super D stores in Memphis last week in a deal with Walgreen Co. Two Ike's remain open in Memphis.

Information from: The Commercial Appeal, http://www.commercialappeal.com

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