Retail

Aiming to Jolt Online Business, Wal-Mart Buys Retailer Jet.com for $3B
Wal-Mart CEO Doug McMillon

Aiming to Jolt Online Business, Wal-Mart Buys Retailer Jet.com for $3B

Wal-Mart has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon. The deal marks a major move for Wal-Mart, which is realizing that it needs to compete more aggressively in the online world.
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Dollar General Buys Former Walmart Express Stores in Coal Hill, Mulberry

Dollar General of Goodlettsville, Tennessee, announced this week its acquisition of 41 former Walmart Express stores in 11 states, including one in Coal Hill and one in Mulberry.
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Michelle Gloeckler Leaves Wal-Mart to Join to Academy Sports

Michelle Gloeckler is leaving Wal-Mart Stores Inc. of Bentonville at the end of August to become chief merchandising officer of Academy Sports + Outdoors of Katy, Texas.
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Murphy USA Reports $46M Profit in Strong 2Q

The El Dorado-based company more than doubles its half-year profits from 2015, citing strong retail fuel results. CEO Andrew Clyde also cited "record merchandise margins" as the company continues to add stores.
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Wal-Mart Takes Texas to Court to Crack Liquor-Sales Market

Wal-Mart's court fight to sell liquor at its stores in Texas looks to be back on track, but the courtroom is getting crowded. A federal appeals court is allowing a trade group representing liquor store operators to join a stalled federal lawsuit Wal-Mart filed against the Texas agency that hands out permits to sell booze by the bottle. read more >

To Grow or Not? Some Successful Small Business Owners Say No

When a small business is successful, an owner will likely face the question of whether to grow. After a lot of soul-searching, many say no. read more >

Kroger Hopes New Shopping Service Clicks With Customers

The Heights Kroger is undergoing a $4 million remodel, including polished floors, upgraded décor, new check stands, a new customer service/guest care area, relocation of the produce area, relocation of the deli/bakery and all new refrigerated cases throughout the store. read more >

Wal-Mart To Make Case in Court Over Trademark

Wal-Mart Stores' feud with a smartphone case and accessory company has now spilled over into U.S. District Court. read more >

Holiday Inn Express Sale Checks In at $5.1 Million (Real Deals)

A limited liability company led by Ishverbhai Govind purchased the 1.5-acre, 69-room hotel on East McCain Boulevard in North Little Rock. read more >

Traveling the Globe in Search of Jobs (Mike Preston Commentary)

Over the last year, your Arkansas Economic Development Commission has traveled almost 20,000 miles around the world searching for good-paying jobs for the people of Arkansas. It's a reflection of the times in which we live. Ours is a global economy, and the competition for new jobs is no longer with surrounding states only, but with every country around the globe. read more >

America's Car-Mart 1Q Income Up 54 Percent

America's Car-Mart Inc. of Bentonville reports income of $7.1 million, up from $4.6 million in the same quarter a year ago. read more >

Wal-Mart Raises Annual Profit; Tops Street 2Q Forecasts

Wal-Mart raised its earnings outlook for the year and delivered strong profit and sales in the second quarter after the world's largest retailer revamped its stores, improved the shopping experience, and won back customers. "Our strategy in the U.S. is working," said CEO Doug McMillon. read more >

Construction Starts on Hyatt Place, Convention Center in Jonesboro

Dodging rainy weather, local officials and members of the Keller Family Hyatt Group marked the start of construction on a $30 million Hyatt Place Hotel & Convention Center in Jonesboro. read more >

LR's Midtown Center Leads List of Recent Seven-Digit Deals

A retail project in Little Rock, a grocery store in Maumelle, a fast-food outlet in west Little Rock, two Little Rock homes and a pair of residential properties involved in an intrafamily swap compose our magnificent seven real estate transactions this week. read more >

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