by - July 9, 2024 10:29 am
Walmart sells telehealth platform MeMD
As part of reducing its healthcare assets, Walmart has sold its MeMD – a virtual health platform – for an undisclosed sum to Fabric, a health technology company. Terms of…
Author: Kim Souza
by - July 8, 2024 1:30 pm
Live cattle prices at an all-time high
High live cattle prices are pushing beef production down and pushing retail beef prices higher during the summer grilling season. Cattle prices were at an all-time high at mid-year, according…
by - July 8, 2024 9:14 am
Four of 11 Arkansas-based publicly-held companies post share gains through June
Among the 11 largest Arkansas-based publicly traded companies, only four reported gains in their stock prices over the first two quarters ending June 28. Most of the decliners were among…
by - July 7, 2024 10:26 am
The Supply Side: Walmart seeks to target Gen Z with apparel relaunch
Generation Z, the youngest age demographic of consumers (18 to 27 years), is the first digitally native generation. According to research from SheerID, it represents around 2 billion global consumers…
by - June 30, 2024 8:57 am
The Supply Side: Sam’s Club execs discuss goal of doubling revenue
Sam’s Club is on a roll, growing revenue and membership with rising sales of the Member’s Mark private brand and a profitable e-commerce business up 17% in the most recent…
by - June 27, 2024 7:35 am
The Supply Side: Tyson Foods pushes new restaurant-inspired foods
Springdale-based Tyson Foods continues to grow its higher-margin value-added business by introducing food innovation from concept to retail launch in its Discovery Innovation Center. The company’s goal is to bring…
by - June 25, 2024 3:42 pm
Walmart opens application period for Open Call 2024
Walmart is seeking more U.S.-made products at its 11th annual Open Call, which will be held Sept. 25-26 in Bentonville. The application period for entrepreneurs and product manufacturers is now…
by - June 24, 2024 4:28 pm
Sales tax revenue dips 5.3% in Northwest Arkansas
Sales tax revenue cumulatively reported by Bentonville, Fayetteville, Rogers and Springdale totaled $8.852 million in the June report, down 5.31% from a year ago. Revenue for the four cities in…
by - June 18, 2024 3:03 pm
Field Agent CEO and cofounder steps down, will remain as chairman
Rick West, CEO and cofounder of Field Agent, announced Tuesday (June 18) he is stepping down from his day-to-day role, but will continue as board chairman and consultant for the…
by - June 16, 2024 9:43 am
The Supply Side: Walmart expands Luminate sales data platform
Last October, Walmart announced the phase-out of its Decision Support System (DSS) app in the Retail Link portal it shares with suppliers. The portal allows suppliers to track their online…
by - June 14, 2024 3:43 pm
Walmart CFO discusses premium memberships, price reductions
Walmart Chief Financial Officer John David Rainey said Wednesday (June 12) that about 20% of operating income generated in the the most recent fiscal quarter came from Walmart+ and Walmart…
by - June 13, 2024 11:14 am
The Supply Side: Walmart rolls out new private brand Bettergoods
Walmart has a long history with private brands, offering over 29,000 products in 20 categories since 1983. Among these is the Ol’ Roy dog food brand, named after Sam Walton’s…
by - June 12, 2024 4:40 pm
Inflation dips to 3.3% in May, down fractionally year over year
Inflation pulled back in May as prices of food and goods receded but housing and insurance costs remain elevated, according to Wednesday’s (June 12) report from the U.S. Bureau of…
by - June 12, 2024 12:23 pm
Online grocery sales totaled $6.8 billion in May, flat year over year
A new report indicates consumers shopped less often for online groceries and consumables in May, with orders totaling $6.8 billion, down 0.4% from a year ago, despite looming inflation in…
by - June 11, 2024 5:23 pm
Grandview Poultry sues Tyson Foods and Cal-Maine for anti-competitive practices
A group of 45 former poultry growers for Tyson Foods in Dexter, Mo., have filed a class action suit as Grandview Poultry against Springdale-based Tyson Foods and Cal-Maine Foods alleging…
by - June 11, 2024 4:03 pm
Walmart U.S. boss says ‘we think we have a good strategy’
Walmart U.S. comprises 68% of the retail giant’s total revenue and 82% of operating income so its financial health is closely watched. Walmart U.S. CEO John Furner said he and…
by - June 10, 2024 12:51 pm
NRF: U.S. retail sales up 3% in May
The National Retail Federation (NRF) reported Monday that consumer spending on goods rebounded in May from April’s flat results. Retail sales, excluding automobiles and gasoline were up 1.35% from April…
by - June 8, 2024 10:13 am
Walmart boss says company ‘can’t get comfortable’ with recent success
Walmart CEO Doug McMillon challenged the 2.2 million employees around the world to go for the gold like Simone Biles, win championships like NFL quarterback Peyton Manning, or NBA star…
by - June 7, 2024 8:58 am
Walmart to use more digital shelf labels, expand inHome delivery service
Bentonville-based Walmart, which has been testing digital shelf labels (DSL) since early 2019, announced Thursday (June 6) that a partnership with VusionGroup will add DSLs to 2,300 U.S. stores by…
by - June 5, 2024 6:46 pm
Walmart-sponsored nonprofits help Northwest Arkansas storm relief efforts
Brooks Nelson said after the tornadoes and severe weather that hit Benton County on May 26, Walmart worked with nonprofit partners to bring in mobile units to provide basic services…