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Restaurants & Food / Retail

UA Study: Tangible Economic Benefits for Craighead, Faulkner, Saline Going Wet

The group pushing for the legalization of alcohol sales in three Arkansas counties commissioned an economic impact study that estimated those counties would have seen a combined $87.2 million in retail alcohol sales in 2013. read more >
Media & Marketing / Retail

Six Walton Family Members Make Forbes Wealthiest List

Six Arkansans and those with Arkansas ties find themselves on the Forbes list of the world's 500 richest people, released this week. read more >
Media & Marketing / Public Companies / Retail

Wal-Mart Schedules Shareholders Meeting for June 6

The world's largest retailer is known for putting on an extravaganza that blends news about the company's finances with performances by celebrity entertainers. read more >
Legal / Retail

Man Rejects Wal-Mart’s Offer to Return to Work

A man who lost his job at Wal-Mart after interrupting an assault of a woman in the parking lot says he's rejecting the company's offer to return to work. read more >
Business Services / Legal / Media & Marketing

Muslim Group Seeks Rehiring of NY Wal-Mart Worker

A Muslim advocacy group is asking Wal-Mart to rehire a worker who posted derogatory comments about Muslim customers on Facebook and was fired last week. read more >
Legal / Public Companies / Retail

Wal-Mart Sued Over Plastic Bag’s Failure

An eastern Nebraska man has sued Wal-Mart, saying the failure of an overfilled plastic shopping bag led to the death of his wife. read more >
Headquarters of Wal-Mart Stores Inc., Bentonville
Business Services / Health Care / Public Companies

Wal-Mart Says It Will Extend Health Benefits to Domestic Partners

The nation's largest private employer said Tuesday that the changes were made so it could have one uniform policy for all 50 states at a time when some states have their own definitions of what constitutes domestic partnerships and civil unions. read more >
Headquarters of Wal-Mart Stores Inc., Bentonville
Government & Politics / Legal / Public Companies

Russellville Voters To Decide If Wal-Mart Neighborhood Market Goes Up

Wal-Mart Stores Inc. of Bentonville would like to build a 42,000-SF Neighborhood Market at West Main and South Vancouver streets in Russellville. But a group is challenging the retailer's plans. read more >
Business Services / Government & Politics / Legal

DC Council Approves Minimum Wage Bill; Wal-Mart Plans on Hold

The D.C. Council approves a bill that would require the Wal-Mart and other big-box chain retailers operating in the nation's capital to pay their employees a "living wage" of at least $12.50 an hour. read more >
Headquarters of Wal-Mart Stores Inc., Bentonville
Business Services / Investments / Media & Marketing

Wal-Mart Plans $15B More in Stock Buybacks

Wal-Mart Stores Inc. announced a $15 billion share buyback program at its annual meeting on Friday, as the world's largest retailer faces increasing scrutiny from investors. read more >
Government & Politics / Retail / Small Business

Wal-Mart E-Commerce Growth Won’t Include Grocery; Veterans Program Sees 13,000 Applicants In 10 Days

Wal-Mart continues to grow its efforts in e-commerce, but the retailer has no current plans to expand its domestic online operations for grocery. Also: Within the first 10 days of Wal-Mart’s initiative to hire veterans, about 13,000 applications were submitted. read more >
3. Wal-Mart CEO Michael Duke assured shareholders that the retailer was “doing everything we can to get to the bottom” of allegations that the company had violated the U.S. Foreign Corrupt Practices Act. 
Investments / Public Companies / Retail

Wal-Mart CEO Mike Duke Earned $21 Million Last Year

Michael T. Duke saw his total compensation increase 14.1 percent to $20.7 million for the fiscal year that ended Jan. 31, plus he exercised options worth $7.1 million. read more >
Retail

Wired: Amazon Growth Looks Like Wal-Mart Back in the Day

Amazon's sales in the fourth quarter of last year were more than it made in all of 2008. Wired suggests Amazon's current growth curve resembles that of Wal-Mart in the '90s. read more >
Headquarters of Wal-Mart Stores Inc., Bentonville
Legal / Public Companies / Retail

NLRB Tells Union to Back Off Wal-Mart Protests

Labor groups say they will end their picketing at Wal-Mart stores for at least 60 days as part of a settlement with the National Labor Relations Board. But they vowed they will continue to press the world's largest retailer to better overall working conditions, including wages. The agreement, announced by the labor board Thursday, comes after the discounter filed a complaint on Nov. 20 with the board against the United Food and Commercial Workers International Union. read more >
Frank Fletcher Jr.

Arkansas Business Hall of Fame 2013: Frank Fletcher Jr.

Frank Fletcher Jr. has built a still-growing string of 20 ultra-successful enterprises in a variety of industries by recognizing the potential in a wide range of situations and anticipating trends to pioneer new businesses. read more >
Headquarters of Wal-Mart Stores Inc., Bentonville
Government & Politics / Legal / Public Companies

Wal-Mart Will Participate in Biden Gun Control Talks

Vice President Joe Biden is conducting a series of gatherings this week aimed at building a consensus around proposals to curb gun violence following the deadly shooting at a Newtown, Conn., elementary school last month. read more >
Business Services / Nonprofits / Real Estate

Maumelle Industrial Site Acquired for $1.3 Million (Real Deals)

Development of a 100,000-SF distribution facility is planned to follow a $1.3 million land deal in Maumelle. read more >
Legal / Public Companies / Retail

CNN: Wal-Mart Expands Foreign Corruption Probe

Wal-Mart, as anyone with even a passing interest in business news may remember, is in a little hot water for alleged money laundering and tax evasion out of its Mexico subsidiary, Walmex. read more >

Wal-Mart at 50: A Not-So-Short History Of the World’s Largest Retailer

The lessons Sam Walton learned during those early, successful years of Wal-Mart allowed him to build the most successful retail chain in history. And just like the times that he took his planes up to search for potential Wal-Mart sites, it was Mr. Sam himself who was behind the stick, deciding which direction to go. read more >
Mike Smith, left, was syndicate manager and J.D. Simpson was a corporate finance executive when they led the initial public offering of Wal-Mart stock by their employer, Stephens Inc. of Little Rock, in 1970.

Wal-Mart IPO Set the Stage for Global Expansion

In preparation for the IPO, a hodge-podge of ownership interests in different stores was consolidated under one corporate banner: Wal-Mart Stores Inc. The corporation represented the merger of 78 partners that owned pieces of 32 stores, with the Walton family owning a majority stake in each. The stores also were a mixed bag of Wal-Mart Discount City, Ben Franklin, Walton’s Family Center and Ben Franklin Family Center. read more >