Retail Archive

Westland Heights Sold for $11 Million

by Arkansas Business Staff 8/7/2017 12:00 am

A 258-unit apartment project, undeveloped commercial property, a mansion and a store combine for an all-Little Rock lineup of multimillion-dollar transactions.

Slicing the Pie (Craig Douglass On Consumers)

by Craig Douglass 8/7/2017 12:00 am

Consumption of goods and services is dramatically changing. The traditional retailing business model is experiencing downward pressure on foot traffic, browsing and sales. The browsing is happening online as online sales increase. But is that the whole mosaic?

Murphy USA Reports $55.6M in 2Q Profit

by Kyle Massey 8/2/2017 04:56 pm

Murphy USA Inc., the nationwide fuel and convenience retailer based in El Dorado, reports second-quarter financial results, including net income of $55.6 million, or $1.51 per diluted share.

Virginia Company Buys Arkansas Automatic Sprinklers of Cabot

by Arkansas Business Staff 8/1/2017 09:24 am

VSC Fire & Security Inc. of Ashland, Virginia, acquires Arkansas Automatic Sprinklers/United Fire Suppression of Cabot.

I.O. Metro's Bankruptcy Leaves Unsecured Creditors Stuck with $31.5 Million in Debt

by Mark Friedman 7/31/2017 12:00 am

After a net loss of nearly $20 million in 2015 and 2016, the furniture retailer I.O. Metro LLC in March hired a Dallas turnaround company to analyze the business and develop a plan to make the company profitable. They determined the retailer couldn't be saved.

WLR Volvo Complex Sells for $3.6 Million (Real Deals)

by George Waldon 7/31/2017 12:00 am

An affiliate of Little Rock's McLarty Auto Group bought the 60,000-SF McLarty Volvo Cars and McLarty Collision West complex at 1500 N. Shackleford Road.

KC Firm Pays $11.4M For Northwest Medical Plaza (NWA Real Deals)

by Marty Cook 7/31/2017 12:00 am

Block Real Estate Services of Kansas City, Missouri, paid nearly $11.4 million for the Northwest Medical Plaza in Springdale.

Is Vacation in Your Plans? (Alese Stroud Expert Advice)

by Alese Stroud 7/31/2017 12:00 am

Let's be clear. Sitting on a beach practicing distance management skills via email does not count as vacation. It counts as vacation only when you completely unplug.

UA Economist Mervin Jebaraj on Which Fast-Growing Industry Could Be the Most Unpredictable

by Arkansas Business Staff 7/31/2017 12:00 am

Mervin Jebaraj was named the interim director of the Center for Business & Economic Research at the University of Arkansas at Fayetteville in April to replace Kathy Deck. He has been with the center since 2007.

US Consumer Confidence Rebounds

by Associated Press 7/25/2017 11:34 am

U.S. consumers gained confidence this month, with more Americans pleased by current conditions and more hopeful about the future.

Jacksonville Plaza Sold to Missouri Company in $5.4M Deal

by Arkansas Business Staff 7/24/2017 12:00 am

A Jacksonville retail center, a North Little Rock retail project, a west Little Rock manor and Sherwood residential lots provide a quartet of multimillion-dollar transactions.

Arkansas Banks Signing on to Mobile Wallets

by Marty Cook 7/24/2017 12:00 am

Most people's smartphones already serve as camera, watch and music player. Now smartphones are increasingly becoming wallets, too.

Riverfest's Legacy (Editorial)

by Arkansas Business Editors 7/24/2017 12:00 am

The legacy of Riverfest is much greater than memories of fun, music, food and the occasional festival-goer wearing much too little clothing for his frame.

Central Arkansas Retail Space Vacancy Rate Rises

by Arkansas Business Staff 7/24/2017 12:00 am

The vacancy rate for the central Arkansas retail real estate market rose to 5.7 percent in first-quarter 2017, compared with 4.9 percent in first-quarter 2016.

NLR's West Scenic Apartments Tops $3.9 Million Mark (Real Deals)

by George Waldon 7/24/2017 12:00 am

West Scenic Partners LLC of St. Louis purchased Scenic Hill Apartments at 605 and 1207 W. Scenic Drive. The seller is Scenic Hill Properties Ltd., led by James Kincannon.

Embrace These Tech Investments (Heather Albright Expert Advice)

by Heather Albright 7/24/2017 12:00 am

Technology is transforming nearly every industry, causing disruption that often creates unforeseen challenges to business models. Companies that ignore technology, rather than embracing it, could become irrelevant.

Arkansas Unemployment Rate Unchanged at 3.4 Percent

by Arkansas Business Staff 7/21/2017 10:41 am

Arkansas' unemployment rate held steady at 3.4 percent, the same record low set in May, but the rate is also down seven-tenths of a percentage point from June 2016.

After 40 Years, Riverfest to Suspend Annual Festival

by Arkansas Business Staff 7/18/2017 01:00 pm

The Riverfest Inc. board of directors says it will suspend the annual music festival, which marked its 40th year in June.

WordsWorth Books Turns Page with New Owners

by Arkansas Business Staff 7/17/2017 12:00 am

Lia Lent and Tom McGowan, both of Little Rock, have bought the much-loved, long-lived independent bookstore from Jean Cazort. Its new name will be the slightly different Wordsworth Bookstore.

Former I.O. Metro Pulls Out Last Stop

by Arkansas Business Staff 7/17/2017 12:00 am

The going-out-of-business sale for what is now known as Erdos At Home recently kicked off.

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