Retail

Outlets at Little Rock Developer Talks Construction, Tenants, Impact

Outlets at Little Rock Developer Talks Construction, Tenants, Impact

The Outlets at Little Rock will open this summer. Michael Barelli, vice president of New England Development, recently talked to Arkansas Business about the 325,000-SF shopping center coming to central Arkansas.
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Enrique Ostalé Named CEO of Wal-Mart in Central America

Wal-Mart Stores Inc. of Bentonville said Friday that Enrique Ostalé will be president and CEO of Walmart de México y Centroamérica, replacing Scot Rank, who is leaving the company.
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Wal-Mart Loses Appeal in Pennsylvania Class-Action Lawsuit

Wal-Mart Stores Inc. of Bentonville says it lost its latest appeal in a class-action lawsuit filed against it in 2002, which will affect earning per share from continuing operations in the fourth quarter of fiscal 2015.
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Arkansas Jobless Rate Down to 5.8 Percent in November

The unemployment Rate in Arkansas fell to 5.8 percent in November, down from 6.1 percent in October. The 5.8 jobless rate matches the U.S. rate, which remained stable between October and November. read more >

IKEA is Coming to Memphis

Everyone's favorite Swedish furniture store is coming to Memphis. That's right. Pretty soon, Arkansas shoppers will only be a couple hours away from IKEA. read more >

Arvest Survey: Mortgage Debt Down, Savings Up in Arkansas

Arkansans reported less mortgage debt than their neighbors in Oklahoma and Missouri, according to the latest consumer sentiment survey from Arvest Bank. read more >

Identity Theft Victims Face Months of Hassle

While cases are difficult to trace, analysts at Javelin Strategy & Research estimate that one in three Americans affected by a data breach ultimately became the victim of fraud last year — up from one in nine in 2010. read more >

David Allan Pivots from Acorn Hours to Tagless Style

David Allan, who founded Little Rock startup Acorn Hours and guided it through the 2014 fall installment of the ARK Challenge startup accelerator, has pivoted. Allan is the new CEO of Tagless Style, another Little Rock startup that participated in the ARK this fall. read more >

Superior Space in Conway Attracting High-End Hotel, Restaurant Interest

Conway's resurgence is keeping T.J. Lefler's phone ringing. Lefler says he has serious inquiries from several hotels as well as a handful of upscale restaurants that are interested in some prime real estate. read more >

New Kroger Marketplace in Benton Worth $12M, To Be Built by Summer 2015

A 123,000-SF Kroger Marketplace under construction in Benton is worth $12 million, according to the building permit on file with the city. read more >

Bentonville Retail Center Sold for $1.35M

The strip center at 231 N. Walton Blvd. is occupied by Papa John's Pizza, Wingstop, Rent-A-Center and Kumon Math & Reading Center. read more >

Sherwood Walgreens Tops Million-Dollar Quartet of Sales in Pulaski County

A Walgreens in Sherwood is the leader of this week's quartet of million-dollar transactions in Pulaski County. read more >

Shadow Lake, Turtle Creek Apartments Tandem Sales Surpass $40.5 Million (Real Deals)

The 296-unit Shadow Lake Apartments at 13111 W. Markham St. sold for $26.87 million and the 216-unit Turtle Creek Apartments at 601 Napa Valley Drive went for $13.71 million. read more >

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