by - February 14, 2023 11:27 am
Equity market watchers expect lower quarterly earnings from Walmart when the retailer reports fiscal fourth quarter and full-year financials on Friday (Feb. 17). Lukewarm holiday sales are part of why…
by - February 13, 2023 1:37 pm
A November Deloitte survey found that 70% of consumer food and product manufacturers (CPG) indicated the sector expects this year to be more stressful than in the past five years….
by - February 9, 2023 3:35 pm
Tyson Foods shareholders met in downtown Springdale Thursday morning (Feb. 9) to approve a short business agenda, defeat an outside shareholder proposal and elect a slate of 13 directors to…
by - February 7, 2023 6:27 pm
Executives with J.B. Hunt Transport, Simmons Foods, Tyson Foods and Walmart on Tuesday (Feb. 7) spoke about expansion plans at the winter meeting of the Northwest Arkansas Council held at…
by - February 6, 2023 12:41 pm
Tyson Foods posted a net income of $316 million, or 88 cents a share, for the first fiscal quarter that ended Dec. 31. That was down more than 70% from…
by - February 4, 2023 10:25 am
While inflationary fear and slowing consumer spending are among the top external worries among retailers, the No. 1 internal concern is the ongoing workforce shortage, and the difficulty retailers are…
by - February 1, 2023 4:53 pm
Tyson Foods will hold its annual shareholder meeting at 10 a.m., Feb. 9 at the company’s offices on Emma Street in downtown Springdale. It is the company’s 88th year, dating…
by - January 31, 2023 3:59 pm
Consumers plan to spend big for Valentine’s Day totaling an estimated $25.9 billion, up 8.36% from a year ago, according to a National Retail Federation and Prosper Insights & Analytics…
by - January 27, 2023 5:50 pm
According to three economists who spoke Friday (Jan. 27) at the 29th annual Arkansas Business Forecast Luncheon held in Rogers, Arkansas and the U.S. will likely avoid economic recession primarily…
by - January 27, 2023 10:35 am
David Bray, who has managed Tyson Foods’ poultry business since July 2021, is being replaced by Wes Morris. Bray spent 14 years at Tyson Foods, most of them working in…
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…
