Retail Archive

So Change the Law (Editorial)

by Arkansas Business Editors 12/1/2014 12:00 am

A recent New York Times article pointed out something that had also been nagging at us here at Arkansas Business: otherwise law-abiding citizens being charged and convicted of a federal felony known as structuring.

IRS Change Too Late for Structuring Defendants

by Mark Friedman 12/1/2014 12:00 am

Patrice Duncan said she and her husband never thought much about bank deposits for their family-owned business in Conway until Jan. 24, 2012. That's the day the Internal Revenue Service seized $94,500 from the company's account.

No More Stalling on Marketplace Fairness (Randy Zook Commentary)

by Randy Zook 12/1/2014 12:00 am

It has been widely reported that U.S. House Speaker John Boehner has promised that the Marketplace Fairness Act will not surface in 2014. Congress' failure to act on this important measure is a huge setback for Arkansas' businesses, for our retail and commercial industries, and is another blow by Washington to Arkansas' economy.

Utah Firm Pays $1.9M For NLR Apartments (Real Deals)

by George Waldon 12/1/2014 12:00 am

A 120-unit apartment project in North Little Rock changed hands in a $1.9 million transaction. PC Wilmington LLC of Provo, Utah, acquired the Wilmington Apartments complex at 617 Donovan Briley Blvd. from Wilmington Apartments Ltd. of Gardena, California.

No Daily Report, Morning Report or E-newsletters on Thursday, Friday

by Arkansas Business Staff 11/26/2014 11:03 am

Arkansas Business will not send the Daily Report, Morning Report or weekly industry e-newsletters on Thursday and Friday in recognition of the Thanksgiving holiday.

Duncan Mac Naughton Out as Wal-Mart Chief Merchandising Officer

by Lee Hogan 11/25/2014 10:53 am

Just days before Black Friday, the world's largest retailer has lost its chief merchandising officer for U.S. stores.

Sam's Club, Dillard's Make Consumer Reports Naughty & Nice List

by Lee Hogan 11/24/2014 01:16 pm

They've made their list and checked it twice. Consumer Reports has released its annual Naughty & Nice List, and it features a couple Arkansas companies, one on each list.

Former American Airlines CEO Tom Horton Joins Wal-Mart Board

by Arkansas Business Staff 11/24/2014 11:32 am

The executive who led American Airlines successfully through bankruptcy reorganization but did not remain long after a huge merger with another carrier has joined the board of Wal-Mart.

NWA's 'Vendorville' Lets Down Guard as Millennials Blend In

by Arkansas Business Staff 11/24/2014 12:00 am

Cameron Smith, whose efforts to place women on corporate boards of directors was the subject of a front-page story last week, says it's not always easy persuading denizens of New York and Silicon Valley to move to Vendorville, the Bentonville-Rogers-Springdale-Fayetteville metroplex that's home to 1,390 suppliers to Wal-Mart Stores Inc.

Evaluating New Minimum Wage's Effects (Michael Pakko Commentary)

by Michael Pakko 11/24/2014 12:00 am

With the passage of ballot initiative No. 4, the minimum wage in Arkansas will increase in three steps to $8.50 per hour in 2017, $1.25 above the current federal minimum, making Arkansas one of many states to increase the minimum wage above the federally mandated level.

Holiday Shopping By the Numbers

by Arkansas Business Staff 11/24/2014 12:00 am

Even before the table is cleared and the dishes are washed, a good number of Americans will be abandoning the Thanksgiving feast for the shopping centers and big box retailers. The National Retail Federation's annual Holiday Consumer Spending Survey, conducted by Prosper Insights & Analytics, reports that the mood of consumers is a bit brighter this year, if spending plans are an indicator.

Car-Mart Uses GPS To Improve ‘Efficiency'

by Marty Cook 11/24/2014 12:00 am

Car-Mart announced in its quarterly earnings report in August that it had invested in the GPS technology and the devices were now in about 67 percent of the cars it had sold. It should be no shocking news flash that many car buyers at dealerships such as Car-Mart have little credit or not the best of credit and thus are considered high risk.

Watson Furniture Gets New Lease on Life (NWA Real Deals)

by Marty Cook 11/24/2014 12:00 am

Philip Taldo has had a busy, happy month. Top on his list is his purchase of Watson Furniture Store on Main Street in downtown Springdale. Taldo, a Springdale real estate agent, paid $250,000 for the two-story, 10,720-SF building that he remembers fondly as the place his father started working at in 1951.

Red Lobsters Serve Up $8.4M Transaction (Real Deals)

by George Waldon 11/24/2014 12:00 am

ARCP RL Portfolio V LLC purchased the Red Lobster at 3707 McCain Blvd. in North Little Rock for $4.98 million. ARCP RL Portfolio VI LLC bought the Red Lobster at 8407 W. Markham St. in Little Rock for $3.44 million

Fayetteville Anti-bias Ordinance Splits City, Chamber

by Marty Cook 11/24/2014 12:00 am

On Dec. 9, Fayetteville voters will decide the fate of Ordinance 5703 — commonly known as Chapter 119 — which would prohibit discrimination in the workplace or in housing based on veteran status, sexual orientation, gender identity and socioeconomic background.

Dillard's Investor Advises Company to Pursue REIT Spinoff

by Lee Hogan 11/20/2014 11:58 am

One of the Little Rock-based Dillard's Inc. investors is advising the company to split into a real-estate investment trust and an operating company.

America's Car-Mart 2Q Earnings Rise Amid Higher Sales

by Marty Cook 11/20/2014 09:20 am

America's Car-Mart Inc. of Bentonville reports second-quarter earnings of $7.5 million, a 29.5 percent increase from the same quarter a year ago.

BJ's Restaurant & Brewhouse Coming to McCain Mall

by Arkansas Business Staff 11/19/2014 07:21 am

BJ's Restaurant & Brewhouse is on its way to McCain Mall in North Little Rock. It's expected to open summer 2015.

Arvest Consumer Survey: Arkansans' Opinion of Economy Improving

by Lee Hogan 11/18/2014 09:31 am

Arkansas consumer sentiment is up slightly in Arvest Bank's most recent survey, but it's still lower than surrounding states and considerably lower than the national outlook on the economy.

Harps Planning Grocery Store in Sherwood

by Arkansas Business Staff 11/17/2014 12:00 am

Harps Food Stores Inc. of Springdale will be setting up shop in Sherwood, near the northwest corner of Highway 107 and Oakdale Road.