" ... This wasn't an overnight decision. I could make more money selling the property than I can staying in business, but that's not the reason. Our base customers have changed. We used to have locals. Now it's about 90 percent tourists. I don't object to that, but when the tourists are down, our business goes down."The story, pegged to the upcoming Memphis in May Beale Street Music Festival, also has some amusing descriptions of Schwab's eclectic inventory:
Elvis Presley bought underwear along the beige wood-planked floors at A. Schwab. B.B. King purchased handkerchiefs and Bono spent two hours talking to co-owner Abram, aka "Mr. Abe."
You can still find mojo bags and granny panties at A. Schwab, but the store no longer carries starched bib overalls.