Retail Archive

1979 Crash Hurried Magic Mart's End

by Jack Whitsett 3/31/2014 12:00 am

It's easy to forget now, but Wal-Mart wasn't always the dominant discount retailer in the world. As late as 1979, the Bentonville chain arguably wasn't even the dominant Arkansas discounter. That effectively changed the morning of Friday, Dec. 21, 1979, when a Cessna 421 twin-engine plane carrying three vice presidents of Sterling Stores Inc. slammed into a fog-covered hill 4 miles southwest of Locust Grove, near Batesville.

Andrew Kilgore: Portraits in Black and White

by Arkansas Business Staff 3/31/2014 12:00 am

Beginning with the last issue of 1984 and continuing into 1988, Andrew Kilgore photographed business legends and up-and-comers for the cover of Arkansas Business.

John Glasgow to Dillard's: ‘Call Off the Dogs'

by Gwen Moritz 3/31/2014 12:00 am

The relationship between the management of CDI Contractors LLC of Little Rock and half-owner Dillard's Inc. was under tremendous stress in the days before CDI's chief financial officer disappeared on Jan. 28.

Tony Rand's First Fraud

by Arkansas Business Staff 3/31/2014 12:00 am

Before he began a oil fraud with his sons that culminated with a 2009 indictment, Tony Rand churned $17 million through his Rand Theatres operation to feed his family's taste for the good life.

An Interview with Alice Walton: Crystal Bridges An Expression of Love

by Jan Cottingham 3/31/2014 12:00 am

Articles about Alice Walton and Crystal Bridges Museum of American Art have tended to focus on big numbers: an $800 million endowment, hundreds of millions of dollars worth of artwork, 200,000 SF of museum space, 250,000 visitors expected to visit the Bentonville showplace yearly. What the stories haven't done is explain why Walton, the only daughter of Wal-Mart founder Sam Walton, chose art as her way to give not just to northwest Arkansas but to the entire world.

Wal-Mart Sues Visa Over Card Fees, Alleges Conspiracy to Fix, Inflate

by Associated Press 3/28/2014 10:12 am

Wal-Mart Stores Inc. is suing Visa Inc. over fees that it charges the world's largest retailer when customers use a credit or debit card. In a complaint filed with the U.S. District Court for the Western District of Arkansas, Wal-Mart alleges that Visa conspired with banks to illegally fix and inflate fees that retailers pay on transactions.

Wal-Mart Bribery Investigation Tally Tops $439M

by Lance Turner 3/27/2014 11:09 am

Wal-Mart Stores Inc.'s latest filing with the U.S. Securities and Exchange Commission says the retailer has spent $439 million in the past two years to investigate allegations that it paid foreign bribes.

Wal-Mart Recalling 174,000 Dolls Over Burn Risk

by Associated Press 3/25/2014 01:47 pm

Wal-Mart Stores Inc. is recalling 174,000 dolls because the toy can overheat and potentially burn consumers.

Wal-Mart 'Savings Catcher' Gives Competitors Prices

by Associated Press 3/24/2014 07:39 am

Wal-Mart rolls out an online tool that compares its prices on 80,000 food and household products with those of its competitors. If a lower price is found elsewhere, the discounter will refund the difference to shoppers in the form a store credit.

Farmers Markets Sprout In Arkansas' Urban Areas

by Jan Cottingham 3/24/2014 12:00 am

Farmers markets have mushroomed in Arkansas in the last couple of decades. "The whole buying local concept was just starting to take off," says Zachary Taylor of the Arkansas Agriculture Department. "Now, it's really grown by leaps and bounds."

Holcombe Heights Visited By $4.3M Owner Change (Real Deals)

by George Waldon 3/24/2014 12:00 am

A 125-unit apartment project in Little Rock's Riverdale area exited foreclosure in a $4.3 million transaction. The future site of the new American Taekwondo Association headquarters in Little Rock tipped the scales at $1.85 million. And a 2,770-SF restaurant project in Little Rock's Hillcrest neighborhood rang up a $455,000 sale.

Wal-Mart Seeks Another Stay in Mexican Bribery Case

by Mark Friedman 3/24/2014 12:00 am

Wal-Mart Stores Inc. has once again asked a U.S. District Court judge in Arkansas to stay a lawsuit that shareholders filed against it and its directors over allegations of bribery in Mexico.

Women Can — And Men Can, Too (Editorial)

by Arkansas Business Editors 3/24/2014 12:00 am

There may be a few jobs out there in which every man — person — for himself is a winning strategy, but a rising tide generally does lift all boats. All of us should ask: Am I protecting myself to my own detriment? Would I be more successful or happier or richer or less stressed if I shared the opportunity?

Ellis Infiniti Bought Out by Fenton Motors of Texas

by Arkansas Business Staff 3/24/2014 12:00 am

The renamed Fenton Infiniti is the first Arkansas property for Fenton Motors and the company's 17th dealership.

Jason Stallcup Gets 27 Years in Prison for Fayetteville Jewelry Store Robbery

by Lee Hogan 3/20/2014 02:31 pm

A Michigan man was sentenced Thursday to 327 months, or more than 27 years, in prison and ordered to pay more than $173,000 in restitution for the 2008 armed robbery of a Fayetteville jewelry store on Dickson Street.

Tenants on Main Street in Little Rock See Progress

by Lance Turner 3/19/2014 10:07 am

Our all-new sister site, Little Rock Soirée, is checking in on progress along Main Street in Little Rock, where millions of dollars in renovation is promising a new "creative corridor" of arts, culture and tech.

Mike Beebe Names 36 Appointments to Boards, Commissions

by Arkansas Business Staff 3/17/2014 03:08 pm

Gov. Mike Beebe on Monday announced a judicial appointment as well as 36 appointments to state boards and commissions.

Newk's To Open Second Little Rock-Area Location

by Jan Cottingham 3/17/2014 10:39 am

Newk's Eatery plans to open a second central Arkansas location, this one in the Park Avenue development, site of the old University Mall, in Little Rock.

Arkansas Unemployment Rate Falls to 7.3 Percent in January

by Arkansas Business Staff 3/17/2014 09:40 am

Arkansas' unemployment rate fell one-tenth of a percentage point from December to 7.3 percent in January, according to the state Department of Workforce Services.

State Gets Its First N-Hance Wood Renewal Franchise

by Eric Monson 3/17/2014 12:00 am

Former Miss Arkansas Kimberly Forsyth and her husband, Jared Pitney, recently started the first N-Hance Wood Renewal franchise in Arkansas after researching other methods of wood repair as they bought and renovated houses.