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…
by - January 27, 2021 5:13 pm
While Nielsen reports viewership of National Football League games were down 7% during the regular season, the National Chicken Council forecasts record consumption of chicken wings during the Feb. 7…
by - January 26, 2021 11:05 pm
Walmart is planning to add compact modular warehouses to some of its supercenters as part of a long-term effort to improve its ability to fulfill online orders for grocery pickup…
by - January 25, 2021 3:04 pm
Walmart may have been deemed a retail winner during the COVID-19 pandemic, but the retail giant still faces operational challenges, according to R5 Capital analyst Scott Muskin, who last week…
by - January 23, 2021 9:51 am
In recent years, Walmart has poured money and resources into growing its media group or advertising arm. Investment retail watchers say it is timely, and the retailer said it helps…
by - January 21, 2021 4:07 pm
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…
