Retail Archive

Denver Firm Pays $6M For Westgate Center (Real Deals)

by George Waldon 6/29/2015 12:00 am

The sale of a 53,000-SF retail center in Little Rock weighed in at $6 million. A 43,798-SF retail building is undergoing redevelopment as a warehouse after a $1.2 million deal. And a 12,175-SF office-warehouse project in the Riverdale area of Little Rock changed hands in a $714,000 sale.

Wal-Mart's Job 1 (Gwen Moritz Editor's Note)

by Gwen Moritz 6/29/2015 12:00 am

When Wal-Mart announced in February that it would raise the hourly pay of its lowest-paid employees to at least $10 within the following 12 months, I thought the company had finally decided its Everyday Low Price strategy might not be the be-all and end-all at Wal-Mart going forward.

Northwest Arkansas Transforming Into a Tech Hub

by Marty Cook 6/29/2015 12:00 am

Northwest Arkansas isn't California's Silicon Valley and has a long way to go before it can be considered remotely comparable, but technology industry leaders say the area is proving to be on the short list of best places in the field.

Wal-Mart SVP Rick Webb: NWA Needs Employees Educated in STEM

by Marty Cook 6/29/2015 12:00 am

Wal-Mart needs vast numbers of technologically advanced workers and needs them as soon as possible, says SVP Rick Webb.

Wal-Mart Imposes Charges on Suppliers as Costs Mount

by Reuters 6/24/2015 09:30 am

Wal-Mart Stores will begin charging fees to almost all vendors for stocking their items in new stores and for warehousing inventory, raising pressure on suppliers as the world's largest retailer battles higher costs from wage hikes.

Arvest Survey: Arkansans Making Major Household Purchases

by Alexis Hosticka 6/23/2015 10:25 am

Arkansas consumers have more student loans but are carefully paying bills and making large purchases, according to the third installment of the spring 2015 Arvest Consumer Sentiment Survey. The survey said that 24 percent of Arkansas respondents plan to make a major household purchase in the next six months.

Arkansas Business Presents the 40 Under 40 Class of 2015

by Gwen Moritz 6/22/2015 12:00 am

This week's Arkansas Business is dedicated to our 22nd class of 40 Under 40 honorees, those young leaders of business, government and nonprofits that our internal selection team believes readers need to know.

New Tenants Making Connection at Bentonville's Rainbow Junction Center

by Arkansas Business Staff 6/22/2015 12:00 am

The 30,000-SF mall has one anchor tenant already in ATA Martial Arts, and it has two signed contracts with Mathnasium and LaVida Massage. Mathnasium, a learning center, is expected to open within a couple of months.

Barbara Graves Joins Strategic Technologies as Marketing VP

by Arkansas Business Staff 6/22/2015 12:00 am

As vice president of marketing and development, Barbara Graves will focus on developing new accounts for Strategic Technologies Corp., which helps clients improve risk management and service levels by offering an array of tech services, software and platforms aimed at multiple industries.

The Value of Humility (Editorial)

by Arkansas Business Editors 6/22/2015 12:00 am

Interviewing our 40 Under 40 honorees remains for the Arkansas Business staff an interesting and often uplifting assignment despite years of experience. Reading the stories of so many productive people is a cure for cynicism.

Former 40 Under 40 Member Chris Olsen on Staying Evergreen in Business

by Arkansas Business Staff 6/22/2015 12:00 am

In partnership with his father, Chris Olsen bought the Doramus landscape company in 1996, changing the name to Horticare and selling it in 2005. In 2003, he opened his second home and garden store, Botanica Gardens. In May, Olsen opened Plantopia Home & Garden Center in North Little Rock.

Arkansas Jobless Rate Steady at 5.7 Percent

by Arkansas Business Staff 6/19/2015 09:30 am

The state's unemployment rate was steady at 5.7 percent in May, according to data released Friday by the Arkansas Department for Workforce Services.

Jay Howard Starts New Chapter With Ware Howse

by Alexis Hosticka 6/18/2015 09:22 am

Jay Howard founded I.O. Metro in 2005. But he's since moved on, and this month he debuted his next project: Ware Howse. Arkansas Business catches up with the entrepreneur as he builds a new company.

Report: Benton County Tops in US in Wage Growth

by Mark Carter 6/18/2015 09:07 am

The bureau measured the nation's 339 largest "jobs" counties, and Benton County's 9.9 percent wage growth from December 2013 to December 2014 was the highest in the U.S.

Mack's Prairie Wings Not Ducking Calls With New Jobs in Stuttgart

by Arkansas Business Staff 6/15/2015 12:00 am

Outdoor outfitter Mack's Prairie Wings of Stuttgart is adding up to 40 jobs as it brings its call center in-house.

Bikes, Brewing Part of Creekside Retail Center's Revamping in Fayetteville

by Arkansas Business Staff 6/15/2015 12:00 am

The Creekside shopping center on Mall Avenue in Fayetteville will have a new look and new tenants in a few months.

Biff's Coffee Down to the Last Drop After Ronnoco Sale

by Arkansas Business Staff 6/15/2015 12:00 am

A Little Rock Craigslist ad offering “the last coffee ever roasted by Biff Grimes himself” caught our attention.

Corporate Citizenship (Editorial)

by Arkansas Business Editors 6/15/2015 12:00 am

The cost of a customer rewards campaign by a Canadian bank giving away flowers and baseball tickets had to have been dwarfed by the enormous goodwill it generated. So how much greater then is the goodwill generated by something like Murphy Oil Corp.'s El Dorado Promise?

15 on Highest-Paid Nonprofit Employees List Earn $1M or More

by Gwen Moritz 6/15/2015 12:00 am

Research for this third annual list of the highest-paid nonprofit employees turned up 15 with total compensation in the seven figures, up from seven on last year's list.

Wal-Mart Welcomes Veterans Home with Job Guarantees

by Marty Cook 6/15/2015 12:00 am

Two years after announcing its Veterans Welcome Home Commitment, Wal-Mart Stores announced an extension of the program to 250,000 veterans by 2020 because the original initiative had outstripped its projections, with 92,000 veterans hired.