Tagged: wal-mart stores inc.

Wal-Mart Earnings Fall, But Online Sales, In-Store Traffic Rise

by Anne D'Innocenzio, The Associated Press 2/21/2017 6:50 am

Wal-Mart says fourth-quarter earnings fell nearly 18 percent, hurt by its investments in e-commerce and stores.

Biggest Deals in Arkansas Rise 11 Percent in 2016

by Jan Cottingham 2/20/2017 12:00 am

Both the value and the volume of mergers and acquisitions in Arkansas rose last year, with the value increasing 11 percent to $9.8 billion and the volume rising 10 percent to 92.

Wal-Mart Buys Outdoor Clothes and Gear Seller Moosejaw for $51M

by Anne D'Innocenzio, The Associated Press 2/15/2017 10:10 am

Wal-Mart has acquired the outdoor clothing and gear seller Moosejaw for $51 million as it expands its online offerings.

House Panel Rejects Effort to Collect Online Taxes

by Andrew DeMillo, The Associated Press 2/14/2017 4:14 pm

An effort to collect sales taxes in Arkansas from online retailers has failed before a House committee, days after Amazon announced it would begin collecting taxes on purchases in the state.

Sources: Wal-Mart to Combine Buys for Online, In-Store Inventory

by Nandita Bose, Reuters 2/14/2017 7:37 am

Wal-Mart Stores Inc. will combine its own buying for products sold at its stores with purchases it makes for its website — a significant move to stamp out duplicate efforts as it fights Amazon.

New Bill Would Earmark Amazon Sales Tax for More Cuts

by Ibby Caputo, Arkansas Nonprofit News Network 2/14/2017 6:51 am

Last week, Amazon announced it planned to voluntarily collect sales tax in Arkansas starting in March. Now, a bill filed in the House seeks to dedicate that revenue to reducing income tax.

Wal-Mart Aims to Leverage British Arm Asda Back to Health

by James Davey, Reuters 2/8/2017 10:11 am

Wal-Mart is throwing its weight as the world's largest retailer behind its struggling British arm Asda after admitting it was too slow to respond effectively to the threat posed by the discount supermarkets.

Arkansas House Passes Bill Aimed at Collecting Amazon Taxes

by Andrew DeMillo, The Associated Press 2/8/2017 6:58 am

Amazon would be required to tell Arkansas customers they owe the state sales tax under a bill approved by the House Tuesday, one of two efforts by lawmakers to recover millions in tax revenue from the e-commerce giant.

Arkansas Senate OKs Bill Forcing Amazon to Collect Taxes

by Associated Press 2/6/2017 4:36 pm

The Arkansas Senate has approved a bill aimed at forcing Amazon to begin collecting state sales taxes, a plan backed by Wal-Mart and lawmakers who say the state is missing out on $100 million in revenue.

Push On To Collect Sales Tax Online

by Mark Friedman 2/6/2017 12:00 am

Online sales grew to 8.2 percent of all retail sales in the U.S. last year, and projections of continued growth finally seem to be creating the political will to tax internet purchases.

Taking on Amazon Prime, Wal-Mart Opts for Free, Faster Shipping

by Anne D'Innocenzio, The Associated Press 1/31/2017 6:58 am

Wal-Mart is replacing a program that offered free shipping but had an annual fee with one that has a lower free shipping threshold and faster delivery as it hopes to answer Amazon's powerful Prime membership success.

Michael Lindsey Takes Seat on Arkansas Hunger Relief Alliance Board (Movers & Shakers)

by Arkansas Business Staff 1/30/2017 12:00 am

Michael Lindsey has been appointed to the board of directors of the Arkansas Hunger Relief Alliance. He serves as director of public affairs and government affairs for Wal-Mart Stores Inc. in Bentonville

Mentor Programs Looking to Funnel Women Into STEM

by Marty Cook 1/30/2017 12:00 am

STEMconnector, a national association in Washington, made up of corporate, governmental and private groups, is working to encourage and support young girls and women in pursuing STEM studies.

Judge Rejects $80M Penalty in Wal-Mart Truck Drivers Lawsuit

by Associated Press 1/26/2017 6:56 am

A federal judge refuses to force Wal-Mart to pay $80 million in penalties in a lawsuit alleging the retail giant failed to pay hundreds of truck drivers in California the minimum wage for certain tasks.

With Job Announcements, Firms Appear to Seek Trump's Approval

by Associated Press 1/18/2017 10:47 am

From Wal-Mart to General Motors to Amazon, a growing number of the world's largest companies appear to be trying to get in step with President-elect Donald Trump's demand that employers hire and keep jobs at home.

Wal-Mart Plans 10K New Retail Jobs, $6.8B in US Spending

by Associated Press 1/17/2017 6:52 am

Wal-Mart plans to add about 10,000 retail jobs in the U.S. as it opens new stores and expands existing locations. The world's biggest retailer says its plans will also generate about 24,000 construction jobs, even as it opens fewer stores in the coming fiscal year.

Cameron Smith & Associates Expanding

by Arkansas Business Staff 1/16/2017 12:00 am

Cameron Smith, founder of the executive recruitment firm Cameron Smith & Associates in Rogers, says business has been good, so good that the firm has opened an office in San Antonio and is looking at offices in Chicago and Nashville, Tennessee, as well.

Attorneys Ask for Additional $86M from Wal-Mart in Truck Drivers Case

by Arkansas Business Staff 1/16/2017 12:00 am

Plaintiffs’ attorneys for Wal-Mart truck drivers who were awarded more than $54 million in damages in an overtime case are now asking a judge to add another $86.1 million to the award.

Executive Ranks Shuffle at Flipkart, Eyed by Wal-Mart

by Reuters 1/13/2017 10:52 am

Kalyan Krishnamurthy is named CEO of India's Flipkart, in which Wal-Mart is looking to invest between $750 million and $1 billion.

Judge Orders Wal-Mart to Pay $16M in Gender Bias Lawsuit

by Jonathan Stempel, Reuters 1/10/2017 3:25 pm

Wal-Mart Stores Inc. has been ordered by a federal judge to pay $16.08 million to a former New Hampshire pharmacist in a gender bias case, but the amount is only about half what a jury awarded and may fall substantially further.