by - November 17, 2020 1:21 pm
Walmart sales have grown as an essential retailer during the COVID-19 pandemic. The retail giant posted better than expected financial third-quarter results with revenue of $134.7 billion, including $1.1 billion…
by - November 16, 2020 10:55 am
Tyson Foods outperformed expectations amid ongoing challenges from COVID-19, returning solid fourth-quarter earnings per share of $1.81 on an adjusted basis, compared to the $1.18 Wall Street had predicted. Revenue…
by - November 15, 2020 6:55 pm
Walmart’s international portfolio continues to shrink as the Bentonville-based retail giant agreed to sell a majority stake of its Japanese business unit, Seiyu. The deal was announced Sunday (Nov. 15)…
by - November 12, 2020 3:21 pm
Walmart has been one of the darlings of Wall Street amid the COVID-19 pandemic and analysts remain bullish on continued growth in the coming quarters. The Bentonville-based retailer is expected…
by - November 11, 2020 4:55 pm
Jason Lurk, an executive with Novo Nordisk, said obesity affects 650 million adults around the world with a 100% increase since 1980. He said it’s a chronic health condition that’s…
by - November 10, 2020 5:04 pm
Tyson Foods is expected to report mixed results on Monday (Nov. 16) from the company’s fiscal fourth-quarter and fiscal year results. Wall Street consensus calls for fourth-quarter net income of…
by - November 8, 2020 10:11 am
Walmart raised its requirements to 98% for On-Time and In-Full (OTIF) deliveries on orders it places from suppliers. The new requirement began Sept. 15, and nearly a month after the…
by - November 4, 2020 5:12 pm
The ongoing COVID-19 pandemic has hit the U.S. economy hard and the fallout on several economic sectors remains dire, according to a report released Wednesday (Nov. 4) by the U.S….
by - November 4, 2020 3:17 pm
Retail is in the midst of a transformation. Apex players like Amazon and Walmart are building out eco-systems that will continue to drive consumers to stores and service opportunities in…
by - November 4, 2020 2:32 pm
Food and beverage giant Nestlé has acquired the startup prepared meal delivery service Freshly for $950 million. Nestlé first became interested in Freshly in 2017, leading a $77 million funding…
by - November 2, 2020 3:37 pm
Retail sales have largely recovered from the pandemic heading into the holiday season but the growing number of COVID-19 cases remains a threat and more federal stimulus could help the…
by - November 2, 2020 11:57 am
After serving about one year as company president and three years as a director, Dean Banks officially started as Tyson Foods CEO on Oct. 3. While he had no prior…
by - October 30, 2020 10:16 am
The consumer packaged goods retail operations and customer experience have taken some wild turns during the COVID-19 pandemic, prompting retailers to revise store layouts and institute new cleaning protocols. Many…
by - October 28, 2020 4:20 pm
Consumer sentiment has been all over the place in 2020 amid the ongoing COVID-19 pandemic, but the key concern among a growing number of consumers is shifting from their health…
by - October 27, 2020 4:19 pm
Springdale-based NOWDiagnostics is seeking 165 area participants to help the med-tech company with future trials. The company is asking subjects to be part of two usability studies that provide feedback…
by - October 24, 2020 9:39 am
This entire year has been a roller coaster ride for retailers, and the holiday season is expected to follow that pattern. National Retail Federation chief economist Jack Kleinhenz said, “forecasting…
by - October 23, 2020 8:20 am
Walmart filed a federal lawsuit against the U.S. Department of Justice (DOJ) and the U.S. Drug Enforcement Administration (DEA) on Thursday (Oct. 22), asking for clarity to pharmacists’ requirements when…
by - October 22, 2020 7:13 pm
Consumer spending stalled in August sending sales tax revenue reported in October 2.15% lower among the four largest cities in Northwest Arkansas. Bentonville, Fayetteville, Rogers and Springdale had cumulative sales…
by - October 22, 2020 1:45 pm
Sam’s Club is throwing its hat into the telehealth arena by partnering with 98point6 to offer subscriptions for an initial quarterly charge of $20 and quarterly renewals after that priced…
by - October 21, 2020 12:39 pm
Online orders of groceries increased fourfold for Walmart during the onset of the COVID-19 pandemic and the same is true for San Antonio-based H-E-B. Each company said it was forced…
