Retail Archive

Arkansas Among 21 States Suing to Block Overtime Pay Expansion

by Associated Press 9/20/2016 04:25 pm

A coalition of 21 states sued the U.S. Department of Labor Tuesday over a new rule that would make about 4 million higher-earning workers eligible for overtime pay.

Whole Foods Reaches $3.5M Environmental Waste Settlement

by Associated Press 9/20/2016 10:24 am

Whole Foods Market Inc. has reached a $3.5 million settlement with regulators over the disposal of products that were once for sale but later classified as hazardous waste.

Arkansas Unemployment Rate Unchanged at 3.9 Percent

by Lance Turner 9/20/2016 09:28 am

Arkansas' August unemployment rate was unchanged at 3.9 percent, according to the state Department of Workforce Services.

Wal-Mart Completes $3B-Plus Purchase of Jet.com

by Anne D'Innocenzio, The Associated Press 9/20/2016 07:38 am

Wal-Mart completes its deal to buy fast-growing Jet.com for $3 billion in cash plus $300 million in stock, an acquisition aimed at helping the world's largest retailer attract younger and more affluent customers to drive online sales.

SPONSORED: Deferring Real Estate Tax Gains Can Be An Effective Tax Strategy

by 9/19/2016 08:00 am

If you're considering selling commercial property or trading up on a second home, you should consider a like-kind exchange.

Clarksville Ponzi Schemer Sentenced to 90 Months

by Arkansas Business Staff 9/19/2016 12:00 am

Federal prosecutors in North Carolina are winding up the case of ZeekRewards, an online Ponzi scheme that collected $850 million from 900,000 in-vestors in two and a half years, and two Clarksville residents were sentenced in the case last week.

Conway's Lewis Crossing Nears Completion

by Jan Cottingham 9/19/2016 12:00 am

One of the big puzzle pieces in Conway's retail development picture is almost complete: Lewis Crossing, the 441,871-SF, $65 million shopping center at the southeast corner of Interstate 40 and Dave Ward Drive.

Batesville Impact Plan Living Up to Its Name

by Gwen Moritz 9/19/2016 12:00 am

Fresh eyes, strategic planning, youthful energy and cold, hard cash are shaking up Batesville, a college town on the jagged edge of the Ozarks that is burdened with many of the same challenges as the Delta that's just minutes away.

Will Jet.com Boost Wal-Mart's E-commerce?

by Mark Friedman 9/19/2016 12:00 am

Retail watchers have mixed feelings about whether Wal-Mart Stores' $3.3 billion purchase of Jet.com of Hoboken, New Jersey, will be the spark the Bentonville retailer needs to boost its online sales.

Frito-Lay Seeks Up to $150M in Bonds for Jonesboro Plant Expansion

by Sarah Campbell 9/16/2016 11:45 am

Frito-Lay of Texas has asked the city of Jonesboro to issue industrial development revenue bonds not to exceed $150 million for another expansion of its facility at 2810 Quality Way.

US Retail Sales Slump 0.3 Percent, Ending 4 Months of Gains

by Associated Press 9/15/2016 11:49 am

U.S. shoppers retreated in August, cutting back their spending at auto dealers, furnishers and building material stores to depress overall retail sales after four straight monthly gains.

Walmart Canada to Extend Visa Ban to More Stores

by Ismail Shakil and Ethan Lou, Reuters 9/15/2016 07:22 am

Walmart Canada will stop accepting Visa Inc. cards at its 16 stores in the province of Manitoba starting on Oct. 24, a spokesman said on Wednesday, raising the stakes in a high-profile fee dispute.

Google Express Expands in Arkansas

by Arkansas Business Staff 9/13/2016 01:31 pm

Google is expanding its Google Express service in Arkansas and eight other states, bringing two-day delivery shopping to nearly 40 million people.

Americans Got Raise Last Year for First Time Since 2007

by Associated Press 9/13/2016 11:41 am

The typical U.S. household's income rose 5.2 percent in 2015 to $56,516, the Census Bureau said Tuesday.

Target to Hire More Than 70,000 for Holiday Season

by Associated Press 9/12/2016 11:26 am

Target says it will hire more than 70,000 seasonal store workers during the busy holiday shopping season, about the same as it hired last year.

Meet 20 In Their 20s: The New Influentials Class of 2016

by Gwen Moritz 9/12/2016 12:00 am

Twenty of Arkansas' young leaders show the energy and ambition and adventurous spirit that is obvious in our state's business legends, even decades after they were in their 20s. We're proud to introduce these New Influentials and to consider all the potential they offer our state in the decades to come.

Conway's University Park Apartments Sold in $10.2M Transaction

by Arkansas Business Staff 9/12/2016 12:00 am

A 160-unit apartment project, a 57,000-SF grocery store and about 146 acres attracted a trio of seven-digit Conway transactions.

Central Arkansas Retail Space Vacancy Rate Rises Slightly

by Arkansas Business Staff 9/12/2016 12:00 am

The vacancy rate for retail space in central Arkansas rose slightly in the second quarter, inching up to 4.9 percent compared with 4.7 percent in the first quarter.

McCain Plaza Transaction Surpasses $23 Million Mark (Real Deals)

by George Waldon 9/12/2016 12:00 am

The 296,000-SF retail project at 4200 E. McCain Blvd. in North Little Rock tipped the scales at $23.15 million.

Marijuana Rx May Put Guns Out of Reach

by Mark Friedman 9/12/2016 12:00 am

Even if Arkansas voters approve the use of medical marijuana in November, the drug still will be considered an illegal controlled substance by the federal government. And that could cause legal problems for users and sellers of marijuana, according to law professors.