Retail Archive

Fort Smith Retakes Top Spot in Arkansas Tech Business Index

by Mark Carter 4/7/2015 09:36 am

The index is a comprehensive measure that provides a snapshot of economic activity in Arkansas cities. It encompasses a labor index, housing market index, construction index and retail sales index.

Chinese Manufacturer Countersues Rogers Executives

by Marty Cook 4/6/2015 03:06 pm

Sales Chief Ent. (Hong Kong) Co. LTD has filed a countersuit alleging Redman & Associates CEO Mel Redman and President Rodney Redman committed fraud and defamation.

Warren Stephens Media Properties Rake Millions of Advertising Dollars from Dillard's

by Arkansas Business Staff 4/6/2015 12:00 am

Dillard's Inc. of Little Rock spent more than $2.35 million on advertising with properties associated with Warren Stephens in fiscal 2014, down from $3.91 million the year before.

HR Director Michele Burns on the Soft Skills Employers Want

by Arkansas Business Staff 4/6/2015 12:00 am

Michele Burns is the state director for the Arkansas Society for Human Resource Management and is the director of classification and compensation with the University of Arkansas at Fayetteville.

Wal-Mart Sets Off Minimum Wage Race

by Mark Friedman 4/6/2015 12:00 am

Wal-Mart Store Inc.'s announcement in February that it would start paying employees $9 an hour this year and $10 in 2016 touched off a minimum wage arms race.

Stonebridge Apartments Draw $31M Transaction (Real Deals)

by George Waldon 4/6/2015 12:00 am

A 260-unit apartment complex in west Little Rock tipped the scales at $31.58 million. The sale of a west Little Rock Walgreens weighed in at $6.2 million. And an 87,100-SF warehouse in the Little Rock Port area is under new ownership after a $2.55 million transaction.

Dillard's Family Members Receive $13.9M in 2014

by Mark Friedman 4/2/2015 05:08 pm

Last year wasn't as lucrative for the eight Dillard family members who work at Dillard's Inc. of Little Rock.

Wal-Mart Commends Asa Hutchinson for Work on HB1228

by Lance Turner 4/1/2015 02:59 pm

Today, following Asa Hutchinson's request that the Legislature recall and rework HB1228, Wal-Mart praised the governor and legislative leaders.

Wal-Mart Is Now Calling for a Veto of HB1228

by Lance Turner 3/31/2015 05:53 pm

Wal-Mart Stores Inc. of Bentonville had previously expressed its displeasure with HB1228. But Tuesday afternoon, CEO Doug McMillon called on Gov. Asa Hutchinson to veto the bill.

UA to Honor William Dillard II, Johnelle Hunt

by Arkansas Business Staff 3/31/2015 10:01 am

William T. Dillard II and Johnelle DeBusk Hunt will be honored as Chancellor's Medal recipients at the University of Arkansas Towers of Old Main event on April 10.

Strong Suit Clothing Company Dressed for Success With Million-Dollar Investment

by Arkansas Business Staff 3/30/2015 12:00 am

Strong Suit Clothing LLC, which was formed a year ago, recently raised $1 million and will soon have its line in Nordstrom. It also plans to start its own e-commerce website that will be headed by the Arkansas online sales guru John James, a founder of Innovate Arkansas client firm Acumen Holdings of Fayetteville.

Sam's Club Buys Land for Store in Springdale

by Marty Cook 3/30/2015 12:00 am

The new 136,000-SF store will be on 56th Street north of Arvest Ballpark after a dual purchase earlier this month. Sam's Real Estate Business Trust of Bentonville paid $12.4 million for approximately 71 acres near the intersection of 56th Street and Highway 412.

Wingate by Wyndham Hosts $2.9 Million Sale (Real Deals)

by George Waldon 3/30/2015 12:00 am

The sale of a 62-room hotel in North Little Rock weighed in at $2.92 million. A 20,332-SF building in downtown Little Rock changed hands in a $975,000 transaction. And a 1,728-SF convenience store in west Pulaski County is under new ownership after a $519,875 sale.

Arkansas Labor Force Rises by 9,000

by Arkansas Business Staff 3/30/2015 12:00 am

As the unemployment rate in Arkansas is falling the size of the labor force is increasing, as these charts by Michael Pakko, the state's economic forecaster, show.

Jonesboro Developer Bruce Burrow's Pyrrhic Victory

by George Waldon 3/30/2015 12:00 am

Officially launched 11 years ago, The Mall at Turtle Creek represents a landmark development long envisioned for the property by Bruce Burrow. The hybrid retail project — part mall and part lifestyle center — became a high-water mark in his storied career.

Today Is Final Day for Arkansas Business 40 Under 40 Nominations

by Arkansas Business Staff 3/27/2015 11:49 am

Today is the final day for readers to make nominations for Arkansas Business' annual 40 Under 40 feature.

Arkansas Jobless Rate Down to 5.5 Percent

by Arkansas Business Staff 3/27/2015 09:47 am

The state's unemployment rate fell to 5.5 percent in February, down a tenth of a percentage point from January, according to data released Friday by the state Department of Workforce Services.

I.O. Metro Names John Erdos New CEO

by Marty Cook 3/26/2015 04:03 pm

I.O. Metro of Lowell named John Erdos CEO and announced that some of the company's operations would relocate to Dallas this summer.

Asa Hutchinson Names Mike Preston as New AEDC Director

by Arkansas Business Staff 3/26/2015 10:58 am

Gov. Asa Hutchinson on Thursday announced Mike Preston as the new executive director of the Arkansas Economic Development Commission.

Arkansas Personal Income Up 3 Percent in 2014

by Arkansas Business Staff 3/25/2015 10:41 am

Arkansas' state personal income rose 3.1 percent in 2014, according to the latest report by the Bureau of Economic Analysis at the U.S. Department of Commerce.