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Holiday spending helped the four largest cities in Northwest Arkansas report 6.63% higher sales tax revenue in the February report. Bentonville, Fayetteville, Rogers and Springdale cumulatively received $8.107 million in…
by - February 22, 2021 4:36 pm
Donnie King, a long-time Tyson Foods executive, will be promoted to chief operating officer, reporting to CEO Dean Banks. The move was part of organizational changes the company said are…
by - February 18, 2021 3:23 pm
Walmart CEO Doug McMillon said with $564.2 billion in sales the retailer is just getting started. He remembered the late former CEO David Glass saying the same thing more than…
by - February 18, 2021 11:50 am
Walmart disappointed the equity markets Thursday (Feb. 18) with a 12-cent per share earnings miss in the fourth quarter, despite record revenue and strong same-store sales. Fourth-quarter earnings on an adjusted…
by - February 17, 2021 2:06 pm
The retail sector is starting to use internet of things (IoT) technology with various applications. Sanjay Radhakrishnan, vice president of global technology at Walmart, recently said the company manages more…
by - February 16, 2021 5:22 pm
Walmart has been one of the winners in retail amid the ongoing COVID-19 pandemic and Wall Street expects the retail giant will see net income grow 8.7% in its fiscal…
by - February 14, 2021 11:12 am
The ongoing COVID-19 pandemic has dramatically reshaped how consumers think and shop. As retailers try to transition from a place of fear to hope with a vaccine rollout, it will…
by - February 11, 2021 12:44 pm
Tyson Foods held its 58th annual shareholder meeting virtually on Thursday and the meeting took just 20 minutes. As expected, all three shareholder proposals presented by various groups were voted…
by - February 11, 2021 11:59 am
Negative impacts from COVID-19 plant disruptions and a weak foodservice sector resulted in first fiscal quarter net income for Tyson Foods of $467 million, or $1.28 cents per share, down…
by - February 10, 2021 1:46 pm
Despite the ongoing COVID-19 pandemic, 2020 proved to be a record year for retail imports, according to the National Retail Federation (NRF) and Hackett Associates. The NRF expects imports to…
by - February 10, 2021 1:08 pm
Tyson Foods has acquired a minority 49% stake in Malayan Flour Mills Berhad (MFM) that will vertically integrate the Malaysia-based poultry business and add more supply flexibility for both companies….
by - February 9, 2021 10:23 am
Tyson Foods has had its challenges in 2020 and that reality will continue in the short term. The Springdale-based company is expected to post an 8% net income decline in…
by - February 8, 2021 11:04 am
Tyson Foods will host its annual shareholder meeting virtually on Thursday (Feb. 11), marking the first time in the company’s 57-year history as a publicly traded company a physical meeting…
by - February 7, 2021 10:45 am
Marc Lore has been the face of Walmart.com for nearly five years after the retail giant acquired Jet.com for $3.3 billion in September 2016. Lore stepped away from day-to-day management…
by - February 4, 2021 2:43 pm
Tyson Foods is launching an in-plant educational and career development pilot program that provides workers with jobs skills training and workforce certifications beginning this year at no cost to workers….
by - February 3, 2021 2:58 pm
Tyson Foods says it is owed at least $225 million from Easterday Ranches after the feedlot operator allegedly falsified records and said it fed more than 200,000 non-existent cattle from…
by - February 2, 2021 3:31 pm
Consumers are planning to spend this Valentine’s Day, but it won’t be on outings thanks to COVID-19. The National Retail Federation estimates total spending will be $21.8 billion, or $164.76…
by - February 1, 2021 1:06 pm
Tyson Foods is one of three major meat processors targeted in a congressional probe regarding COVID-19 outbreaks last year in meatpacking facilities. The U.S. House panel will investigate whether Tyson…
by - January 30, 2021 10:33 am
Many consumer packaged goods (CPG) manufacturers saw a hefty increase in online sales of food during the COVID-19 pandemic that slowed the global economy in 2020 and continues into 2021….
by - January 29, 2021 3:27 pm
The COVID-19 global pandemic has been felt around the world. According to Catherine Mann, global economist at Citi Research, the rate of recovery is mixed. She spoke virtually at the…
