Retail Archive

Scholarships for Retail Development (J. Cliff McKinney Commentary)

by J. Cliff McKinney 3/27/2017 12:00 am

Other states recognize the valuable economic contribution of retail. These states have incentive programs — retail scholarships — that Arkansas tries to compete against without an effective answer.

George Covington Jr. Ready To Raise the Roof in Conway

by Arkansas Business Staff 3/27/2017 12:00 am

George Covington Jr. is the president of Covington Roofing Co. and a partner in Covington Cos., which owns and manages commercial property in Conway.

Applications for US Jobless Aid Rise to Still-Low 258K

by Lance Turner 3/23/2017 10:33 am

More people sought U.S. unemployment benefits last week, but applications are still at a low level that points to a healthy job market.

Wal-Mart to Invest $800M in Chile

by Reuters 3/22/2017 11:24 am

Wal-Mart Stores Inc.'s Chilean unit will invest $800 million in the country over the next three years and open 55 to 60 new supermarkets, the company said on Wednesday, a significant outlay at a time of slow economic growth.

In E-Commerce Push, Wal-Mart Launches Investor Arm, Store No. 8

by Nandita Bose, Reuters 3/21/2017 08:24 am

Wal-Mart Stores Inc. will launch its first investment arm to expand its e-commerce business in partnership with retail start-ups, venture capitalists and entrepreneurs. The plan is being spearheaded by Marc Lore, Wal-Mart's e-commerce chief, who joined company from Jet.com, which it acquired for more than $3 billion in August.

Wal-Mart Sets Date for Annual Meeting

by Lance Turner 3/20/2017 10:01 am

Wal-Mart Stores Inc. of Bentonville announced today that it will hold its 2017 annual meeting on Friday June 2 at Bud Walton Arena at the University of Arkansas in Fayetteville.

Dave & Buster's Property Sold for $8.1 Million

by Arkansas Business Staff 3/20/2017 12:00 am

A trio of west Little Rock properties have come together for this week's multimillion-dollar transactions.

Smitty's Garage May Pull Into Rogers

by Arkansas Business Staff 3/20/2017 12:00 am

Smitty's Garage, a burger and beer restaurant, is looking to expand in Arkansas and it looks like Rogers will be the destination.

Memory Care Facility Visited by $14M Sale (Real Deals)

by George Waldon 3/20/2017 12:00 am

The 74-bed assisted living center in west Little Rock was bought by an affiliate of Mainstreet Health Investments of Carmel, Indiana.

Governor Appoints Arkansas CEOs to Study State's Computer, Data Sector

by Arkansas Business Staff 3/17/2017 10:19 am

Gov. Asa Hutchinson forms a blue ribbon commission to study how to grow the state's computer science and data analytics sector. The 19-member commission is co-chaired by Acxiom Corp. founder Charles Morgan and Arkansas Economic Development Commission Executive Director Mike Preston.

Pay for Murphy USA CEO Andrew Clyde Hits $6.2 Million for 2016

by Kyle Massey 3/16/2017 09:52 am

An improved bottom line in 2016 led to slightly bigger paychecks for top executives at Murphy USA Inc. of El Dorado, including CEO Andrew Clyde.

Nominate by Friday for Arkansas Business 40 Under 40

by Arkansas Business Staff 3/14/2017 11:14 am

Arkansas Business is seeking nominations for its 40 Under 40 program, which recognizes 40 professionals under the age of 40 who excel in their profession and are leaving their mark on the Arkansas business and nonprofit community.

Wal-Mart Employees Get Bonuses

by Arkansas Business Staff 3/13/2017 11:29 am

Wal-Mart Stores Inc. announced that 850,000 of its employees in the U.S. — including 8,800 in Little Rock and 20,000 in Arkansas — received a share of $157 million in cash bonuses based on their stores' fourth-quarter performance.

Arkansas Unemployment Rate Falls to a Record 3.8 Percent

by Sarah Campbell 3/13/2017 09:58 am

Arkansas' unemployment rate continued to fall in January to the lowest on record, 3.8 percent. The rate was 3.9 percent in December and 4.2 percent in January 2016.

Cabot Knights Shopping Center Sold for $2.5 Million

by Arkansas Business Staff 3/13/2017 12:00 am

Retail space in Cabot, a cabinet plant in Jacksonville, a day care in Conway, a Dollar General in Austin (Lonoke County) and a big home in Little Rock form a five-piece of multimillion-dollar transactions.

Liquor Stores Ready for Next Front in Alcohol War

by Arkansas Business Staff 3/13/2017 12:00 am

The battle has been lost but not the war. So says Francois Guilloux, managing partner of There Performance Group of Little Rock, a liquor store industry consultancy.

Tuscany Square in Rogers Sells for $13 Million

by Arkansas Business Staff 3/13/2017 12:00 am

Tuscany Square @ Pleasant Grove LLC, led by Charles Palmer of Fort Smith, sold the property to Hillcrest Holdings LLC, led by Gary Nichols of Fayetteville.

Change In the Air at Clinton National Airport

by Mark Friedman 3/13/2017 12:00 am

Renovations at Clinton National Airport in Little Rock are coming at a time when other airports are starting to look more like shopping malls.

Class-Action Blue Diamond Settlement Challenged in Arkansas

by Mark Friedman 3/13/2017 12:00 am

A New York attorney said he is coming to Washington County Circuit Court later this month to challenge a class-action settlement against the makers of Blue Diamond almond products that he said is unfair to class members.

Golden Bankruptcy Reveals Allcorp Deal

by George Waldon 3/13/2017 12:00 am

A possible bank stock sale and details of a legal settlement are part of the bankruptcy narrative in the 66-page Chapter 7 filed by Lex and Ellen Golden of Little Rock.

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