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According to data from market research firm IRI, consumer behaviors have shifted in the past few weeks amid COVID-19 (coronavirus). Consumers are buying more private brands than usual, making more…
by - June 3, 2020 2:23 pm
Amid the COVID-19 pandemic, Walmart Inc. made history Wednesday (June 3) with its first-ever virtual shareholder’s meeting. It lasted just under one hour, including a question-and-answer segment with company executives. …
by - June 3, 2020 12:39 pm
COVID-19 has prompted Walmart to rethink usage of the new corporate home office design and some divisions will likely continue to work remotely. President and CEO Doug McMillon said Wednesday…
by - June 3, 2020 12:02 pm
Fashion has not ever been a winning category at Walmart, but in recent years the retail giant has moved to expand its apparel lines in stores and online. Last week…
by - June 1, 2020 2:50 pm
U.S. beef markets are starting to recover from several weeks of upheaval after packing plants around the country were hit hard with COVID-19. Derrell Peel, livestock marketing specialist for Oklahoma…
by - May 30, 2020 10:47 am
The financial impact from the COVID-19 (coronavirus) pandemic has hit the retail segment hard as thousands of stores were temporarily closed and millions of employees were furloughed and told to…
by - May 29, 2020 2:29 pm
The Northwest Arkansas Council, working with local, state and federal healthcare officials, has assembled a reference guide for employers. It is intended to offer guidance to help minimize health risks…
by - May 28, 2020 6:23 pm
Walmart will hold its annual shareholder business meeting virtually at 10:30 a.m. on June 3 as the company continues to take precautions to safeguard its employees and shareholders amid the…
by - May 28, 2020 12:43 pm
Tuesday Morning, focused on off-price home goods, has filed Chapter 11 bankruptcy with plans to permanently close about 230 of its 687 stores. The retailer cites the prolonged closure of its…
by - May 27, 2020 5:04 pm
Editor’s note: This is the final of a two-part series about retail industry executives who worked at Walmart. Link here for the first article. Walmart is known as a talent…
by - May 26, 2020 5:25 pm
The four largest cities in Northwest Arkansas reported tax revenue from March of $6.22 million, up 4.75% from the year-ago period. The May report reflects sales tax collected in March…
by - May 26, 2020 1:24 pm
Editor’s note: This is the first of a two-part series about retail industry executives who worked at Walmart. Walmart is a stepping stone for retail industry executives who spend a…
by - May 19, 2020 1:20 pm
Walmart said Tuesday it will discontinue Jet.com, but the retailer did not note when the site will come down or what will happen to the inventory Jet holds. Walmart did…
by - May 19, 2020 12:56 pm
Walmart on Tuesday (May 19) reported revenue of $134.6 billion, above the $132.7 billion consensus estimate and 8.6% better than a year ago. Net income was $3.99 billion, up 3.9%…
by - May 18, 2020 5:39 pm
Consumers wanting steaks, tacos and burgers paid record high prices for fresh and choice beef, according to the May 12 Daily Livestock Report by the U.S. Department of Agriculture. The…
by - May 18, 2020 4:08 pm
While restaurants slowly begin to reopen for dine-in guests in Arkansas and most nearby states, consumers are not eager to rush back, according to a national survey by Piper Sandler….
by - May 17, 2020 10:46 am
Manufacturers of cereal, snacks and packaged foods have been playing catch-up the past six to eight weeks as consumers have hunkered down at home amid concerns of COVID-19 that closed…
by - May 16, 2020 12:48 pm
Plano, Texas-based JC Penney joined the growing list of retailers filing bankruptcy after economic disruption from COVID-19 caused the company to miss debt payments. The retailer sought to restructure its…
by - May 15, 2020 3:19 pm
Walmart is one of the U.S. and global retailers that has remained open during COVID-19. The Bentonville-based retailer is set to report first-quarter earnings before the market opens on May…
by - May 14, 2020 6:18 pm
Little Rock-based Dillard’s reported deep losses of $162 million for the quarter ending May 2. The losses were not unexpected as much of the retail industry was closed during the…
