by - August 17, 2023 10:57 am
Food and advertising sales helped propel fiscal second-quarter revenue up 5.7% at Walmart and also contributed to better-than-expected net income gains of 53.3% before one-time charges. The Bentonville retailer reported…
by - August 16, 2023 5:18 pm
Judith McKenna, CEO of Walmart International, plans to depart the retailer at year-end, with Sam’s Club CEO Kath McLay to be the International CEO effective Sept. 11. Walmart U.S. COO…
by - August 16, 2023 2:16 pm
Registration for the 10th annual Open Call by Walmart is open for the virtual and in-person event slated for Oct. 24-25 in coordination with U.S. manufacturing month. Walmart took Open…
by - August 16, 2023 8:51 am
Tea is the second most widely consumed beverage worldwide, following water. Dan Klein and his business partner Patrick Tannous, co-founders of Tiesta Tea Co., became tea enthusiasts when studying abroad…
by - August 14, 2023 3:08 pm
All eyes will be on Walmart when it reports second-quarter earnings on Thursday (Aug. 17). The consensus estimate is for a net income of $4.55 billion, down 6% from the…
by - August 10, 2023 3:22 pm
U.S. consumers are still buying more than last year, but spending growth is slowing as the economy settles down amid higher interest rates intended to reduce inflation, National Retail Federation…
by - August 10, 2023 3:11 pm
Tyson Foods has struggled in recent quarters with its U.S. business and likely will struggle in future quarters. Still, the company is not backing away from investments and growth plans…
by - August 9, 2023 7:48 am
Content quality is essential for suppliers who sell products online at Walmart and elsewhere. Since merging Walmart’s online and in-store buyers and merchandising efforts, the retail giant is revamping item…
by - August 7, 2023 5:06 pm
Tyson Foods announced Monday (Aug. 7) plans to close four chicken processing plants in North Little Rock, Noel and Dexter, Mo., and Corydon, Ind., over the next three quarters. The…
by - August 7, 2023 11:27 am
Tyson Foods on Monday (Aug. 7) reported a quarterly net income loss of $417 million, a wide swing from net income of $720 million in the year-ago quarter. The company…
by - August 4, 2023 12:24 pm
Editor’s note: The State of the State series provides reports twice a year on Arkansas’ key economic sectors. The series publishes stories to begin a year and stories in July/August…
by - August 3, 2023 3:45 pm
It’s another down cycle for Tyson Foods. The Springdale-based meat giant is expected Aug. 7 to report a third fiscal quarter net income of $95.3 million, well below the consensus…
by - August 1, 2023 10:22 am
A new report from J.D. Power indicates consumers have their favorite retail pharmacies and do not often change pharmacies. Now in its 15th year, the U.S. pharmacy study gauges customer…
by - July 29, 2023 10:40 am
A study by Attest suggests inflation changed consumer behavior, with 73% of respondents preferring private-label brands even as the economy improves. The study found that 90% bargain hunt when grocery…
by - July 26, 2023 5:53 pm
Bentonville-based Walmart and beverage/snack titan PepsiCo plan to partner over the next seven years to make $120 million worth of investments to support farmers on soil health and water quality…
by - July 26, 2023 10:31 am
The four largest cities in Northwest Arkansas had record sales tax revenue for the region at $10.508 million reported in July. Cumulative revenue from Bentonville, Fayetteville, Rogers and Springdale rose…
by - July 23, 2023 8:53 am
Many 65-year-olds were retiring, but Walmart founder Sam Walton sought a new challenge. Walmart had grown to more than $1 billion in sales by 1983. Walton saw the success of…
by - July 22, 2023 9:45 am
Walmart’s Spark delivery platform, which includes the GoLocal option, had 1 million deliveries last fall and continues to pick up steam. The proprietary delivery platform is similar to those used…
by - July 20, 2023 1:58 pm
Data firm Placer.ai reported the food retail sector experienced mixed store traffic in the second quarter. Dollar stores saw the biggest gains and mass retailers like Walmart and Target recorded…
by - July 19, 2023 12:48 pm
Walmart Inc. has named Allyson Park its new chief communications officer and senior vice president. She is replacing Brian Besanceney, who left the company for a job working for Boeing…
