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NRF: December retail sales increased 7.24%
December holiday sales rose 7.24% from a year ago and advanced 1.74% from the prior month, according to the CNBC and National Retail Federation Retail Monitor data that excluded automobiles…
Author: Kim Souza
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U.S. online grocery sales up 18.52% in December
Consumers continue to spend more of their grocery dollars online with total U.S. e-grocery sales of $9.6 billion in December, up 18.52% compared with December 2023, according to Brick Meets…
by - January 9, 2025 10:09 am
Adobe: U.S. online spending topped $241 billion this past holiday season
Early reports of online holiday spending (Nov. 1 to Dec. 31, 2024) peg U.S. sales rising 8.7% to $241.4 billion, ahead of earlier estimates by Adobe Analytics. The figures are…
by - January 9, 2025 9:56 am
The Supply Side: Retailers expect higher costs from proposed import tariffs
The National Retail Federation (NRF) and Hackett Associates report retailers are under pressure as they front load cargo to avoid the disruption of a possible strike and higher costs from…
by - January 7, 2025 11:58 am
The Supply Side: Private brands continue to grow retail market share in 2024
Private brands, like Walmart’s Great Value, see continued growth in many categories. According to new data from Numerator, 99.9% of consumers purchased a private-label grocery item in the past 12…
by - January 6, 2025 11:26 am
2024 sales tax revenue moderates in top NWA cities
The four largest cities in Benton and Washington counties had different results in their annual sales tax revenue for 2024. Combined revenue in the full year of reports totaled $113.845…
by - January 3, 2025 11:06 am
Most Arkansas-based companies see stock price gains in 2024
Six of the 11 Arkansas publicly traded companies posted stock gains for the full year, compared to five of 11 that had gains to end the third quarter. Walmart posted…
by - December 23, 2024 10:14 am
The Supply Side: Walmart CEO says company ‘just getting started’ with changes
Walmart CEO Doug McMillon, 58, has logged 40 years in the retail business, spending the past decade at the helm of the global retail and technology company. He is the…
by - December 18, 2024 3:23 pm
Tyson Foods’ top five execs collect $14.439 million in bonus pay
Tyson Foods’ top five executives shared $14.439 million in cash bonus pay this year as a reward for improved financial metrics in the fiscal year. Bonuses tied to such performance…
by - December 18, 2024 10:33 am
City officials in Benton County discuss growth opportunities, challenges
City officials in Benton County continue to plan for economic development and work together to tackle infrastructure challenges in the region, based on comments at the Build Bentonville event held…
by - December 17, 2024 10:40 am
The Supply Side: Holiday sales exceed expectations, fueled by online growth
The early forecasts for holiday sales were somewhat lackluster, but with the first half of the shopping season in the books, the results are better than expected, according to Matthew…
by - December 16, 2024 4:21 pm
Officials talk about Northwest Arkansas healthcare system challenges
The effort to make Northwest Arkansas a healthcare destination is a long game, but work has already begun, and the progress made is noteworthy, according to Paul Umbach, a consultant…
by - December 13, 2024 10:28 am
More U.S. consumers turn to deferred payment options
With consumers trying to stretch holiday budgets while also avoiding high credit card interest rates, more shoppers are turning to buy now, pay later (BNPL) options. Adobe Analytics projects BNPL…
by - December 11, 2024 3:20 pm
Holiday side jobs popular in 2024; highest among Gen Z
While traditional holiday retail hiring was down this year, more consumers are finding seasonal work like home and office decorating and gift wrapping to earn holiday cash, according to career.io,…
by - December 10, 2024 12:37 pm
NRF report shows November retail sales up 2.35%
The National Retail Federation (NRF) reports total sales for goods (excluding automobiles and fuel) increased 2.35% in November, according to credit and debit card purchases compiled by Affinity Solutions for…
by - December 9, 2024 11:02 am
The Supply Side: Walmart plans to transform home category, double sales by 2030
Walmart is known for groceries and consumables, pharmacy and even more recently doubling down on investments in beauty and fashion, but the home business has plenty of room to grow,…
by - December 4, 2024 1:12 pm
The Supply Side: Kantar names Walmart the top retailer among trading partners
Walmart is again the top retailer ranking among its trading partners in 2024, according to Kantar’s PoweRanking report, which includes qualitative and quantitative research for dozens of retailers and suppliers….
by - December 4, 2024 12:20 pm
Tyson Foods to shutter two more plants, cut 229 jobs
Two small Tyson Foods’ plants in Philadelphia are slated to close over the next two months. The Original Philly cook beef plant and the Original Philly raw plant acquired by…
by - December 3, 2024 11:51 am
Tyson Foods to shutter meat plant in Kansas, cut more than 800 jobs
More than 800 employees at Tyson Foods’ meat processing plant in Emporia, Kan., learned Monday (Dec. 2) they will lose their jobs when the plant there is shuttered in February…
by - December 1, 2024 11:06 am
Northwest Arkansas sales tax revenue up almost 5% in recent report
The four largest cities in Northwest Arkansas had combined sales tax revenue of $9.808 million in the recent report, up 4.67% from a year ago. Revenue growth slowed from gains…