by - January 26, 2023 4:27 pm
The retail sector was stable in 2022 after 9,300 retail store closures in 2019 before the pandemic and another 1,800 closures reported through mid-2021. But UBS analysts predict store closures…
by - January 26, 2023 12:29 pm
Sam’s Club, the warehouse club division owned and operated by Walmart Inc., announced Thursday (Jan. 26) plans to build 30 new U.S. locations. A timeline was not disclosed, but Sam’s…
by - January 25, 2023 2:06 pm
Coming from record sales and a climate where consumers had extra money to spend, retailers are bracing for a year of transition amid a possible slowing economy, rising interest rates…
by - January 24, 2023 5:13 pm
Walmart said Tuesday (Jan. 24) it will raise the starting and minimum wage for all employees who work in stores to $14 per hour beginning next month. Walmart spokesman Jimmy…
by - January 24, 2023 4:13 pm
Sales tax revenue reported in January was up 12.29% for the four largest cities in Northwest Arkansas. Bentonville, Fayetteville, Rogers and Springdale had cumulative sales tax revenue of $8.82 million…
by - January 21, 2023 10:46 am
Besides being the nation’s largest retailer, Walmart is slowly becoming a technology company. The Bentonville-based retail titan spent big on technology innovations last year in hopes of adding additional revenue…
by - January 19, 2023 4:51 pm
Consumer spending has slowed since October according to retail sales data released Jan. 18 from the U.S. Census Bureau. Retail sales in December were down 1.1% from the prior month,…
by - January 17, 2023 6:41 pm
CEOs surveyed recently by The Conference Board expect a tepid business climate with slower growth for most of the year. The survey also found that 51% of CEOs worldwide and…
by - January 14, 2023 9:42 am
Recession concerns loom among retailers, suppliers and consumers as 2022 ended. Top of mind has been the persistent inflation that continues to squeeze household budgets and retailer margins. Bank of…
by - January 12, 2023 4:39 pm
Consumers are still paying an average of 11.8% more for the food bought at U.S. grocery stores compared to the same time last year, according to the December Consumer Price…
by - January 11, 2023 12:42 pm
Tyson Foods continues to add capacity across its expansive U.S. processing business with plans to invest $180 million in its Caseyville, Ill., prepared foods plant that makes Hillshire Farm deli…
by - January 9, 2023 1:23 pm
Mercy said Monday (Jan. 9) it has hired 32 doctors and specialists toward its goal of hiring 100 as part of a $500 million expansion plan in Northwest Arkansas. The…
by - January 7, 2023 11:04 am
Retail suppliers expect many challenges from 2022 to persist well into 2023, with slower growth predictions that could lead to continued price inflation. Suppliers continue to face logistics disruptions despite…
by - January 4, 2023 12:26 pm
An early report on holiday spending from Mastercard SpendingPulse indicates holiday sales (excluding automobiles) rose 7.6% between Nov. 1 and Dec. 24. The report measures in-store and online retail sales…
by - December 27, 2022 2:49 pm
The four largest cities in Northwest Arkansas combined for a record $102.686 million in sales tax revenue during the 12 reporting months in 2022, up 12.84% from 2021. It was the…
by - December 27, 2022 9:47 am
Julie Barber, Walmart’s executive vice president of general merchandise, said the retailer continues to face an overabundance of inventory in some categories and inflationary pricing pressures. She said the company…
by - December 21, 2022 10:50 am
Tyson Foods, the largest U.S. meat processor, reported a record fiscal revenue of $53.28 billion and net income of $3.249 billion, which led to higher pay for most company’s executives,…
by - December 20, 2022 3:21 pm
Shipping costs are projected to increase between 8% and 10% in 2023 from FedEx and UPS, the two largest U.S. package delivery companies, according to a Dec. 16 report from…
by - December 17, 2022 8:34 am
Online grocery sales during the COVID-19 pandemic in 2020 and 2021 showed four to five years of growth in 18 to 24 months. Global and regional retailers added online capacity…
by - December 10, 2022 10:04 am
According to the National Retail Federation (NRF), holiday retail sales are likely to be 6% to 8% higher than last year. Online sales are forecast to rise 10 to 12%….
