Retail

With Whole Foods, Amazon on Collision Course with Wal-Mart

With Whole Foods, Amazon on Collision Course with Wal-Mart
The Whole Foods Market in Fayetteville.

With its $14 billion purchase of grocery chain Whole Foods Market Inc., Amazon announced its intention to take on Wal-Mart in the brick-and-mortar world.
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Central Arkansas Retail Holding Pattern Reflects Transitions In Market

Occupancy in the Central Arkansas retail market declined to 94.3 percent during the first quarter compared to 95.1 percent a year ago.
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McCain Mall Sues David's Burgers This article is available only in print.

McCain Mall last week sued David's Burgers alleging the burgeoning central Arkansas burger chain failed to open a location in the North Little Rock mall as promised.
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Northwest Arkansas' Most Expensive Home Sales of 2016 This article is available only in print.

The number of seven-figure homes sold in Washington and Benton counties almost tripled in 2016 compared with the previous year. read more >

Pulaski County's Most Expensive Home Sales of 2016 This article is available only in print.

Sales of luxury homes in Pulaski County jumped in 2016 to a number not seen since Arkansas Business began tracking them in 2004 – 29 homes sold for $1 million or more, up from 20 in 2015. read more >

Stocks Dip as Amazon-Whole Foods Deal Hammers Grocery Stores

U.S. stocks are lower Friday as Amazon's $13.4 billion deal for Whole Foods Market is sending grocery stores, big retailers, and food makers and distributors sharply lower. read more >

NPD: Fueled by Back-to-School Sales, Wal-Mart Might Beat Amazon in Online Growth

Wal-Mart Stores Inc.'s online sales is likely to grow double than Amazon.com Inc. during the back-to-school season, helped by the Jet.com acquisition and competitive price offerings, industry research body NPD said. read more >

Amazon is Buying Whole Foods in a $13.7B Deal

Amazon is buying Whole Foods in a deal valued at about $13.7 billion, a stunning move into brick-and-mortar retail that sets the stage for more radical store experimentation and intensified competition with grocery rivals. read more >

Wal-Mart Adds to Portfolio, Buys Bonobos for $310M

Wal-Mart Stores Inc. of Bentonville announces that it will buy online apparel retailer Bonobos Inc. for $310 million in cash. read more >

Asa Hutchinson Hopes Panel Will Look at Online Tax Issue

Gov. Asa Hutchinson says he hopes a task force that will recommend changes to Arkansas' tax code will also look at a proposal to require online retailers to collect and remit state sales taxes. read more >

No Bonuses, No Options for Car-Mart Executives in 2017

Executives at America's Car-Mart Inc. of Bentonville did not receive cash incentive bonuses or option awards in fiscal 2017, according to a proxy statement filed with the U.S. Securities & Exchange Commission. read more >

Boot Barn Buys Country Outfitter For $1.8 Million

A subsidiary of western wear company Boot Barn Holdings Inc. of Irvine, California, bought Country Outfitter, the one-time online sensation from Fayetteville's Acumen Brands. read more >

US Retail Sales Slide 0.3 Percent, Biggest Drop in 16 Months

Americans cut spending at gasoline stations, department stores and electronics shops in May as retail sales registered their biggest drop in 16 months, a cautionary sign for the economy. read more >

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