by - November 15, 2019 11:00 am
Kathryn McLay named CEO of Sam’s Club
Walmart has named Kathryn McLay, 45, as CEO for Sam’s Club. This marks the first time in history the retail giant has two women holding the CEO title. McLay replaced…
Author: Kim Souza
by - November 14, 2019 1:10 pm
Walmart third-quarter net income beats estimate, revenue was up 2.5%
Walmart came through big in the third quarter with $3.288 billion in net income, or $1.15 per share. That was above the $1.09 equity analysts expected from the retail giant…
by - November 12, 2019 4:24 pm
Equity analysts expect modest third-quarter profit growth from Walmart
All eyes will be on Walmart early Thursday (Nov. 14) as the retail giant reports third-quarter earnings and highlights expectations for the holiday season and coming year. Walmart watchers expect…
by - November 12, 2019 12:12 pm
Record sales posted by Tyson Foods, but net income down 33%
Springdale-based Tyson Foods posted record sales of $42.405 billion in fiscal year 2019, up 5.87% from the prior year. But net income fell $1 billion short of last year at…
by - November 11, 2019 6:16 pm
Mercy opens new $141 million patient tower, includes McMillon Family Heart Unit
Several hundred people crowded into the new entrance for Mercy Hospital in Rogers early Monday afternoon (Nov. 11). Among those taking part in the formal ceremony included Arkansas Gov. Asa…
by - November 10, 2019 4:05 pm
Mercy set to open $133 million hospital expansion in Rogers
It’s been more than four years in the making, but Mercy Hospital Northwest Arkansas in Rogers is set to unveil its new seven-story patient tower and health services expansion on…
by - November 9, 2019 10:58 am
The Supply Side: Crossnet game lands at Walmart.com, in big-box retail
A business major, an engineer and a sales marketer rolled the dice with a new outdoor game they invented while dreaming up a way to make extra money. Two years…
by - November 9, 2019 10:50 am
Fourth-quarter net income expected to be lower at Tyson Foods, revenue higher
Tyson Foods will report fiscal 2019 earnings on Tuesday (Nov. 12) and the fourth quarter results ending Sept. 30. Wall Street expects per share net income of $1.29 per for…
by - November 8, 2019 12:44 pm
Consumers to shop early and spend more this holiday season
This holiday season is already off and running with retailers of all sizes competing fiercely for what looks to be more consumer spending and eager shoppers, said Scott Rankin, principal,…
by - November 7, 2019 5:12 pm
Young consumers doing more eating than shopping at malls
Shopping traffic in malls has continued to decline in recent years, even during the peak holiday season, but consumers who do frequent malls are more apt to eat at mall…
by - November 6, 2019 5:15 pm
Tyson Foods taps board member Dean Banks as new company president
Tyson Foods announced the addition of Dean Banks to the company’s C-suite. Banks, 46, will become president of Tyson Foods effective Dec. 20 and report to CEO Noel White, 61,…
by - November 5, 2019 5:40 pm
Austin firm outlines plan for future growth in Northwest Arkansas
Northwest Arkansas has a strong economic foundation and its growth continues to outpace the rest of the state and much of the nation, but that is not enough to guarantee…
by - October 29, 2019 7:00 pm
New leadership named for Walmart’s Jetblack startup
Jetblack has come under new leadership with Nate Faust taking over as CEO from Jenny Fleiss, who has been in charge since the personal shopping service was launched last year….
by - October 29, 2019 4:54 pm
Nielsen: Consumers will want more local foods in 2020
The demand for local foods will only increase in 2020 and beyond, according to Nielsen research. The company recently reported that 48% of consumers want local ingredients and food sourced…
by - October 28, 2019 3:36 pm
Tyson Foods shares rally more than 4% on news China could lift U.S. poultry ban
Shares of Tyson Foods rose 4.59% on Monday (Oct. 28) as analysts expect chicken processors will benefit on news that China could soon lift a ban on U.S. poultry that…
by - October 24, 2019 4:16 pm
Consumers to spend 4% more this holiday season, fewer prime shopping days
Several reports on holiday spending indicate healthy consumer demand despite a cautious sentiment about the economy. The National Retail Federation reported Thursday (Oct. 24) consumers will spend an average of $1,047.83…
by - October 24, 2019 1:33 pm
The Supply Side: Field Agent predicts Walmart a top 3 holiday destination
Walmart will be a go-to retailer for a majority of consumers this holiday season, according to new research from Fayetteville-based Field Agent. The data research firm found Walmart was among…
by - October 23, 2019 5:04 pm
Sales tax revenue up almost 15% in Northwest Arkansas’ four largest cities
The largest Northwest Arkansas cities each reported sales tax revenue growth in the October report, which is a reflection of sales in August. Bentonville, Fayetteville, Rogers and Springdale together reported…
by - October 23, 2019 4:46 pm
Amazon partners to expand its physical pickup services
Amazon is investing more in the pickup game of retail by partnering with GNC, Health Mart and Stage Stores to allow Amazon customers to pick up online orders at the…
by - October 22, 2019 6:19 pm
Traffic flow, public safety, water usage just some ideas for ‘smart cities’
Smart communities may seem like a million miles away, but elements of the smart city and connected communities concept are being tested across the country with technology partners like Cox…