Tagged: wal-mart stores inc.

Arkansas Trucking Association Looks to College For Help

by Marty Cook 9/26/2016 12:00 am

The Arkansas Trucking Association is trying to do something novel to address the high turnover rate for trucking executives by naming four college students to the association’s 40 Under 40 Council.

Wal-Mart Awards $3.7M in Bonuses to Arkansas Associates

by Arkansas Business Staff 9/23/2016 10:46 am

Wal-Mart announced on Wednesday that it had recently awarded $3.7 million in second-quarter cash bonuses to 21,400 hourly associates in Arkansas.

Wal-Mart Completes $3B-Plus Purchase of Jet.com

by Anne D'Innocenzio, The Associated Press 9/20/2016 7:38 am

Wal-Mart completes its deal to buy fast-growing Jet.com for $3 billion in cash plus $300 million in stock, an acquisition aimed at helping the world's largest retailer attract younger and more affluent customers to drive online sales.

Will Jet.com Boost Wal-Mart’s E-commerce?

by Mark Friedman 9/19/2016 12:00 am

Retail watchers have mixed feelings about whether Wal-Mart Stores’ $3.3 billion purchase of Jet.com of Hoboken, New Jersey, will be the spark the Bentonville retailer needs to boost its online sales.

Walmart Canada to Extend Visa Ban to More Stores

by Ismail Shakil and Ethan Lou, Reuters 9/15/2016 7:22 am

Walmart Canada will stop accepting Visa Inc. cards at its 16 stores in the province of Manitoba starting on Oct. 24, a spokesman said on Wednesday, raising the stakes in a high-profile fee dispute.

Kroger Cuts Sales Forecast on Falling Prices

by Associated Press 9/9/2016 11:34 am

Kroger reported weaker-than-expected revenue Friday and said it was hurt by falling prices for eggs, meats and other products, forcing it to lower its sales forecast for the year.

Wal-Mart's McMillon Tops Compensation List of 100 Arkansas Public Company Execs

by Gwen Moritz 8/29/2016 12:00 am

C. Douglas McMillon, CEO of Wal-Mart Stores Inc., has returned to the No. 1 spot on the annual list of executive compensation at publicly traded companies headquartered in the state.

Wal-Mart Takes Texas to Court to Crack Liquor-Sales Market

by Associated Press 8/28/2016 10:20 am

Wal-Mart's court fight to sell liquor at its stores in Texas looks to be back on track, but the courtroom is getting crowded. A federal appeals court is allowing a trade group representing liquor store operators to join a stalled federal lawsuit Wal-Mart filed against the Texas agency that hands out permits to sell booze by the bottle.

Wal-Mart Raises Annual Profit; Tops Street 2Q Forecasts

by Anne D'Innocenzio, The Associated Press 8/18/2016 6:51 am

Wal-Mart raised its earnings outlook for the year and delivered strong profit and sales in the second quarter after the world's largest retailer revamped its stores, improved the shopping experience, and won back customers. "Our strategy in the U.S. is working," said CEO Doug McMillon.

Arkansas Employers Help With Retirement Advice, Tools

by Marty Cook 8/15/2016 12:00 am

David George doesn’t apologize for using scare tactics when he gives seminars at part of the Investor Education Program for the Arkansas Securities Department.

Wal-Mart, Hostess Collaboration Delivers 'Deep Fried Twinkies'

by Anne D'Innocenzio, The Associated Press 8/12/2016 7:35 am

The deep-fried Twinkie is jumping from the state fair to the home freezer thanks to a yearlong collaboration between Hostess and Wal-Mart, as both companies look to spark food sales with innovative products.

Aiming to Jolt Online Business, Wal-Mart Buys Retailer Jet.com for $3B

by Anne D'Innocenzio, The Associated Press 8/8/2016 7:50 am

Wal-Mart has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon. The deal marks a major move for Wal-Mart, which is realizing that it needs to compete more aggressively in the online world.

Michelle Gloeckler Leaves Wal-Mart to Join to Academy Sports

by Arkansas Business Staff 8/4/2016 12:13 pm

Michelle Gloeckler is leaving Wal-Mart Stores Inc. of Bentonville at the end of August to become chief merchandising officer of Academy Sports + Outdoors of Katy, Texas.

Former Wal-Mart CFO Charles Holley Takes Appointment at Deloitte (Movers & Shakers)

by Arkansas Business Staff 8/1/2016 12:00 am

Charles Holley, retired chief financial officer of Wal-Mart Stores Inc., has been appointed as an independent senior adviser for the U.S. CFO Program at Deloitte LLP. Holley will serve as an independent adviser to staff, clients and senior leadership at the company.

Rockline Industries Expands in Springdale (NWA Real Deals)

by Marty Cook 7/25/2016 12:00 am

Rockline Industries of Sheboygan, Wisconsin, a wet-wipe manufacturer, paid $2.25 million for a 50,000-SF warehouse close to its manufacturing facilities in Springdale.

Appeals Court Rejects Lawsuit Against Wal-Mart Directors

by Associated Press 7/22/2016 4:23 pm

A federal appeals court has rejected a shareholder lawsuit filed against key directors at Wal-Mart Stores Inc. that claimed they allowed and concealed alleged bribery in the company's Mexico division.

Don Soderquist, Former Wal-Mart COO, Dies at 82

by Marty Cook 7/22/2016 11:30 am

Former Wal-Mart Stores Inc. executive Don Soderquist died Thursday from complications following heart surgery. He was 82. Soderquist was often credited for his strong influence on Wal-Mart's culture.

Dupps Family Gives $1M to Arkansas Children's Northwest

by Arkansas Business Staff 7/11/2016 12:59 pm

Kirk and Cynthia Dupps have donated $1 million to the construction of Arkansas Children’s Northwest, which opens in 2018, the Arkansas Children's Hospital announced Monday.

Wal-Mart in China Faces Employee Protests

by Associated Press 7/7/2016 6:53 am

Wal-Mart faces protests by employees in China over what they say is a drastic change in work schedules, as the company overhauls its struggling business amid an economic slowdown and competition from e-commerce.

Billions in Safety Costs Pay Off for Truckers

by Marty Cook 7/4/2016 12:00 am

The American Trucking Associations released a report on a 2015 study that showed that the trucking industry spends $9.5 billion a year on safety initiatives. The investments are proving to be worth it.