Retail Archive

Wal-Mart Embraces Change at Meeting, Hitching Up With Uber

by Marty Cook 6/3/2016 03:23 pm

During the retailer's annual meeting, Wal-Mart Chairman Greg Penner cast the company as changing with the economic and shopping landscape, just as it has done throughout its long history.

As Shareholders Meet, A Look At Wal-Mart's Multi-Front Fight

by Anne D'Innocenzio, The Associated Press 6/3/2016 12:09 pm

Wal-Mart executives pushed the message to shareholders and employees Friday that it's making big changes in a fast-shifting retail landscape that will position the company for more success.

Video: Watch Wal-Mart's 2016 Shareholders' Meeting Right Here

by Arkansas Business Staff 6/3/2016 07:46 am

Wal-Mart shareholders are meeting right now at Bud Walton Arena in Fayetteville. You can watch a live stream of events right here.

Wal-Mart Testing Uber, Lyft for Online Grocery Delivery

by Anne D'Innocenzio, The Associated Press 6/3/2016 07:30 am

Wal-Mart Stores Inc. says it will be testing its grocery delivery service with ride-hailing companies Uber and Lyft in the next two weeks in Denver and Phoenix.

Frisco Station in Rogers Sold for Almost $8.4M

by Marty Cook 6/2/2016 03:30 pm

A California investor paid close to the $8.4 million asking price for the Frisco Station shopping center at 100 Dixieland Road in Rogers.

Wal-Mart Testing Drones in Warehouses to Manage Inventory

by Associated Press 6/2/2016 11:24 am

Wal-Mart Stores Inc. is testing drones that it says will help it manage its warehouse inventory more efficiently, and which it says could be rolled out in the next six to nine months across its distribution centers. It's another sign of how the nation's largest retailer is seeking to compete against online leader Amazon, which is testing drones to deliver packages.

Ecoark Uses Technology to Provide Lower-Cost Recycled Products

by Sarah Campbell 6/2/2016 11:17 am

Ecoark Holdings Inc. of Rogers is using technology to bring retail consumers consistent pricing and offer manufacturers recycled raw material at a lower cost than virgin material, says CEO Randy May.

Fed's 'Beige Book' Survey Finds Modest Growth in Many Regions

by Associated Press 6/1/2016 02:20 pm

The Federal Reserve said Wednesday that the economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors.

Wal-Mart Revives Smiley Face Image for Price Marketing

by Associated Press 6/1/2016 11:47 am

Wal-Mart is reviving its yellow smiley image to be the face of its low-price marketing.

Hobby Lobby Gives $200K for JBU Nursing Program

by Arkansas Business Staff 5/31/2016 03:27 pm

John Brown University announced Tuesday a $200,000 donation from Hobby Lobby toward the university's new bachelor of science in nursing program.

Wal-Mart Needs to Grow Overseas, and China's the Big Prize

by Anne D'Innocenzio, The Associated Press 5/31/2016 06:48 am

Wal-Mart can't count on much sales growth from its U.S. business, so the retailer is depending more on its operations overseas. China, the world's most-populous country, is the ultimate prize.

'A Good Graphic' (Gwen Moritz Editor's Note)

by Gwen Moritz 5/30/2016 12:00 am

A couple of weeks ago, I opined in this space that our Legislature should just raise the blankety-blank fuel tax to pay for the highway construction and maintenance that Arkansans need and want. Last week, I ranted about the use and misuse of data, including by “the media” (my favorite monolith). This week, thanks to our friends on the editorial page at the Arkansas Democrat-Gazette, I'm going to pull both of those topics together.

2 Banks Join Arkansas Business' Largest Private Companies List

by Gwen Moritz 5/30/2016 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $34.2 billion in their most recent fiscal years, up more than 4 percent in a year.

Trustee Charges Collusion in Allens' Case

by Mark Friedman 5/30/2016 12:00 am

The trustee in Allens Inc.'s Chapter 7 liquidation has accused some creditors of scheming to buy the Siloam Springs vegetable and food processor out of bankruptcy in 2014 in order to save themselves millions while leaving most creditors holding an empty bag.

Parcels Near Bowman Road Bought for $2.9 Million

by Arkansas Business Staff 5/30/2016 12:00 am

Apartment acreage, a manor, an industrial project and undeveloped land provide an all-Little Rock lineup of multimillion-dollar real estate transactions.

Walmart Supplier Strikes Back at AMG in Lawsuit

by Arkansas Business Staff 5/30/2016 12:00 am

Active Marketing Group Inc. of O'Fallon, Missouri, sued EB Brands Holdings Inc. of Elmsford, New York, and alleged EB owes it nearly $700,000 in commission payments based on work already performed under the contract.

Rehab & Health Care Center Attracts $3.5M Transaction (Real Deals)

by George Waldon 5/30/2016 12:00 am

FC Encore Properties B Holdco LLC, an affiliate of Formation Capital of Atlanta, purchased Chenal Rehabilitation & Healthcare Center at 3115 S. Bowman Road.

Land in the Rock Program Helps Interns Connect, Plug Into City

by Alexis Hosticka 5/25/2016 08:36 am

Create Little Rock is providing a way for interns, law clerks, medical residents and new hires to get plugged in stay entertained during the summer through the annual Land in the Rock program.

America's Car-Mart Reports 61 Percent Profit Drop

by Marty Cook 5/24/2016 08:46 am

America's Ca­­­r-Mart Inc. of Bentonville reported income of $11.6 million in fiscal year 2016, a nearly 61 percent drop from the $29.5 million it reported in 2015.

Dillard's Announces No Change in Quarterly Dividend

by Arkansas Business Staff 5/23/2016 03:36 pm

Dillard's Inc. of Little Rock announced Monday a 7 cents per share quarterly dividend payable Aug. 1 to shareholders of record as of June 30.