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The four biggest cities in Northwest Arkansas reported a cumulative 12.28% gain in sales tax revenue in the January reports. Revenue totaled $7.032 million, compared to $6.263 million reported a…
by - January 20, 2021 11:48 am
Springdale-based Tyson Foods will pay $221.5 million to settle all claims in antitrust litigation over decades-long collusion and price-fixing of broiler chicken. This is the largest settlement of all the…
by - January 19, 2021 5:40 pm
Lowell-based J.B. Hunt Transport Services ended fiscal 2020 on a high note with better-than-expected net income in the fourth quarter and revenue growth of 12% from a year ago. The…
by - January 19, 2021 3:39 pm
Consumers spent more during the holidays – especially with online sales – than analysts and experts expected despite the ongoing pandemic, according to the National Retail Federation. The trade group…
by - January 19, 2021 10:04 am
Retail market watchers expect 2021 to be a year of recovery, but they also agree the pain will continue for some amid dozens of bankruptcies and a plethora of store…
by - January 18, 2021 3:41 pm
Rising grain prices will challenge the cattle market and chicken processors this year, according to Derrell Peel, livestock marketing specialist with Oklahoma State University, who said grain and oilseed prices…
by - January 18, 2021 11:54 am
Retailers have had a tumultuous year because of COVID-19 and a recession that has challenged consumers and supply chains to levels not seen before. National Retail Federation CEO Matthew Shay…
by - January 15, 2021 2:13 pm
In a recent report, real estate data tracker CoStar said 40 major retailers declared bankruptcy in 2020, and more than 11,000 store closures were announced. There were 9,300 store closures…
by - January 15, 2021 12:33 pm
Marc Lore, who joined Walmart in September 2016 as CEO of Walmart U.S. e-Commerce with the retail giant’s $3.3 billion acquisition of Jet.com, is leaving his post at the end…
by - January 13, 2021 3:48 pm
Springdale-based Tyson Foods is partnering with Matrix Medical to ensure its more than 100,000 U.S. employees are educated about and have access to the COVID-19 vaccine. “Providing vaccine education and…
by - January 13, 2021 3:25 pm
Walmart and dozens of U.S. companies such as JPMorgan, Disney and AT&T have said they will suspend political contributions to members of Congress who voted against the certification of state…
by - January 12, 2021 3:11 pm
Tyson Foods followed Pilgrim’s Pride in agreeing to settle a class-action price collusion lawsuit in the courts for the past four years. Tyson Foods said it reached an “agreement in…
by - January 11, 2021 4:58 pm
Walmart has thrown its hat into the fintech – technology-focused financial services – ring with a startup in a partnership with Ribbit Capital. The Bentonville-based retail giant said Monday (Jan….
by - January 5, 2021 5:38 pm
The economic challenges from the COVID-19 pandemic will continue in 2021, but the recently approved federal stimulus will help maintain and accelerate the nation’s ongoing recovery, said Jack Kleinhenz, chief…
by - January 4, 2021 3:57 pm
Tyson Foods is appealing an order by Judge Linda Reade of the U.S. District Court of Northern District of Iowa. Reade’s order sends the ongoing negligence lawsuit filed by the…
by - January 4, 2021 3:48 pm
The cattle industry, like the rest of the world, is ready to move beyond 2020, but there will be numerous factors shaping the industry in the first few months of…
by - January 4, 2021 1:31 pm
In January, market research firm NPD Group estimated the U.S. market for beauty sales rose $78 million from the prior year. But by March, as consumers began working from home…
by - December 29, 2020 3:06 pm
Despite widespread COVID-19-induced economic challenges, consumers in Benton and Washington counties helped push sales tax revenue up 4.86% in 2020 for the combined four largest cities. Bentonville, Fayetteville, Rogers and…
by - December 29, 2020 10:45 am
Walmart, Kroger and Walgreens and other top retailers could play a role in administering the COVID-19 vaccine expected to be available in the coming weeks and months. Consumer packaged goods…
by - December 22, 2020 7:51 pm
The U.S. Department of Justice filed a lawsuit against Bentonville-based Walmart on Tuesday, (Dec. 22) claiming the retail giant and its pharmacists did not properly screen opioid prescriptions, and the…
