Tagged: wal-mart stores inc.

Chamber of Commerce Foundation Recognizes Wal-Mart

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

Wal-Mart Stores Inc. of Bentonville was recognized for having the “Best Economic Empowerment Program.”

Wal-Mart Faces More Damages In Wage Case

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

A California jury has ruled against Wal-Mart in a class-action case challenging truck driver pay policies.

Wal-Mart Loses Pay Fight with California Truck Drivers

by Associated Press 11/23/2016 3:13 pm

Wal-Mart intentionally failed to pay hundreds of truck drivers in California the minimum wage, a federal jury decided Wednesday, awarding the drivers $54 million in damages and opening up the retail giant to penalties.

Wal-Mart Kicks Off Cyber Monday on Friday

by Anne D'Innocenzio, The Associated Press 11/21/2016 6:59 am

Wal-Mart Stores Inc. says it's kicking off its so-called "Cyber Monday" deals at 12:01 a.m. EST Friday for the first time ever as it aims to grab customers ahead of its competitors.

Wal-Mart's Profit Falls But Beats Estimates; Revenue Misses

by Anne D'Innocenzio, The Associated Press 11/17/2016 7:24 am

Wal-Mart Stores Inc. reports third-quarter profit fell 8.2 percent, dragged down by investments in e-commerce and its stores. Earnings beat Wall Street estimates but revenue fell short of expectations. E-commerce sales accelerated to 20.6 percent, from 11.8 percent in the prior quarter.

Peco Foods Delivers $35M Boost for Corning’s Bruised Economy

by George Waldon 11/14/2016 12:00 am

The opening of the Peco feed mill in Corning earlier this year broke a long dry spell of big industrial development news for Corning and provided a glimmering counterpoint to the closing of the 44-year-old L.A. Darling plant.

Wal-Mart Boosts Online Holiday Inventory for Black Friday

by Nandita Bose, Reuters 11/10/2016 7:32 am

Wal-Mart Stores Inc. of Bentonville will boost its online inventory for Black Friday by more than half this year and make deals available on its website early Thanksgiving morning.

Wal-Mart Sued Over Sale of Fake 'Egyptian Cotton' Linen

by Jonathan Stempel, Reuters 11/9/2016 10:33 am

Wal-Mart was sued on Tuesday on behalf of consumers who said the world's largest retailer sold products falsely labeled "100 % Egyptian Cotton" from an Indian textile company for many years after it first became suspicious of their origin.

Executive: Wal-Mart Aims to Add More Mobile Payment Options

by Nandita Bose, Reuters 11/8/2016 8:04 am

Wal-Mart Stores Inc. is in talks with several mobile wallet companies to offer more payment options in its Wal-Mart Pay app, an executive at the world's largest retailer said.

Entergy Makes Offer of Synergy to Solar Proponents

by Arkansas Business Staff 11/7/2016 12:00 am

As the Arkansas Public Service Commission wrangles over rules for putting home-generated electricity onto the grid, the biggest news for Pulaski County may be that it could find a path to net metering despite Entergy’s opposition to its legal arguments.

'Nuclear' Judgments Cited As Trucking Insurance Rises

by Marty Cook 11/7/2016 12:00 am

The American Transportation Research Institute reports that insurance premium costs rose from 7.1 cents per mile in 2014 to 9.2 cents in 2015.

Wal-Mart Sets Environmental Plan as People Seek Green Items

by Anne D'Innocenzio, The Associated Press 11/4/2016 7:42 am

The world's largest retailer says it will seek to reduce emissions in its own operations by 18 percent by 2025, and work toward adding no waste to landfills in key markets like Canada and the United States. It also plans to be powered by 50 percent clean and renewable energy sources.

At 5, Crystal Bridges Museum of American Art Transforms Bentonville

by Jan Cottingham 10/31/2016 12:00 am

There are any number of ways to try to gauge the impact — economic and otherwise — Crystal Bridges Museum of American Art has had on Bentonville, on Arkansas and beyond since its opening Nov. 11, 2011.

Alice Walton Reels In Flying Fish to Bentonville

by Jan Cottingham 10/31/2016 12:00 am

Dallas restaurateur Shannon Wynne and his partners didn’t really want to go to Bentonville, and they certainly knew they didn’t want to locate a Flying Fish restaurant there. Then Alice Walton got involved.

Wal-Mart Pushes Customer Service for Holiday; Target Stresses Value

by Anne D'Innocenzio, The Associated Press 10/27/2016 6:58 am

Wal-Mart, long known for emphasizing low prices, wants to be known this holiday season for superior customer service. That comes after its main rival Target, which has a better image in that regard, stressed a focus on offering deals.

No Surprise: Higher Pay Helps Attract, Retain Employees

by Mark Friedman 10/24/2016 12:00 am

All industries, from health care to manufacturing, have faced a shortage of workers. Kathy Deck, director of the Center for Business & Economic Research at the Sam M. Walton School of Business at the University of Arkansas, says increasing pay would be the first action she would suggest when companies can’t find the right workers to fill positions.

Arkansas Attorney General Rutledge Seeks Re-Election in 2018

by Andrew DeMillo, The Associated Press 10/17/2016 4:51 pm

Attorney General Leslie Rutledge launches her 2018 re-election bid, joining a growing list of Arkansas elected officials who have begun raising money and organizing their campaigns more than two years ahead of that election.

Pernod Ricard to Bottle Malibu Rum in Fort Smith

by Arkansas Business Staff 10/10/2016 11:39 am

Pernod Ricard USA of New York says it will expand its Fort Smith production facility in order to bottle its Malibu Rum brand sold to Wal-Mart Stores Inc. of Bentonville.

Report: Wal-Mart Rejected Settlement with US Over Alleged Bribery

by Reuters 10/7/2016 11:33 am

Wal-Mart Stores Inc. of Bentonville rebuffed a proposal by U.S. prosecutors to pay at least $600 million to settle a corruption probe into the company's practices in markets including Mexico, India and China, Bloomberg reported.

Wal-Mart Plans to Slow New Store Openings, Invest in Online

by Anne D'Innocenzio, The Associated Press 10/6/2016 6:48 am

Wal-Mart Stores Inc. is planning to slow new store openings as it looks to pour more money into its online efforts, technology and store remodels. The retailer also says it anticipates fiscal 2018 earnings per share being about flat versus its fiscal 2017 adjusted earnings per share.