by - May 28, 2020 6:23 pm
Walmart will hold its annual shareholder business meeting virtually at 10:30 a.m. on June 3 as the company continues to take precautions to safeguard its employees and shareholders amid the…
by - May 28, 2020 12:43 pm
Tuesday Morning, focused on off-price home goods, has filed Chapter 11 bankruptcy with plans to permanently close about 230 of its 687 stores. The retailer cites the prolonged closure of its…
by - May 27, 2020 5:04 pm
Editor’s note: This is the final of a two-part series about retail industry executives who worked at Walmart. Link here for the first article. Walmart is known as a talent…
by - May 26, 2020 5:25 pm
The four largest cities in Northwest Arkansas reported tax revenue from March of $6.22 million, up 4.75% from the year-ago period. The May report reflects sales tax collected in March…
by - May 26, 2020 1:24 pm
Editor’s note: This is the first of a two-part series about retail industry executives who worked at Walmart. Walmart is a stepping stone for retail industry executives who spend a…
by - May 19, 2020 1:20 pm
Walmart said Tuesday it will discontinue Jet.com, but the retailer did not note when the site will come down or what will happen to the inventory Jet holds. Walmart did…
by - May 19, 2020 12:56 pm
Walmart on Tuesday (May 19) reported revenue of $134.6 billion, above the $132.7 billion consensus estimate and 8.6% better than a year ago. Net income was $3.99 billion, up 3.9%…
by - May 18, 2020 5:39 pm
Consumers wanting steaks, tacos and burgers paid record high prices for fresh and choice beef, according to the May 12 Daily Livestock Report by the U.S. Department of Agriculture. The…
by - May 18, 2020 4:08 pm
While restaurants slowly begin to reopen for dine-in guests in Arkansas and most nearby states, consumers are not eager to rush back, according to a national survey by Piper Sandler….
by - May 17, 2020 10:46 am
Manufacturers of cereal, snacks and packaged foods have been playing catch-up the past six to eight weeks as consumers have hunkered down at home amid concerns of COVID-19 that closed…
by - May 16, 2020 12:48 pm
Plano, Texas-based JC Penney joined the growing list of retailers filing bankruptcy after economic disruption from COVID-19 caused the company to miss debt payments. The retailer sought to restructure its…
by - May 15, 2020 3:19 pm
Walmart is one of the U.S. and global retailers that has remained open during COVID-19. The Bentonville-based retailer is set to report first-quarter earnings before the market opens on May…
by - May 14, 2020 6:18 pm
Little Rock-based Dillard’s reported deep losses of $162 million for the quarter ending May 2. The losses were not unexpected as much of the retail industry was closed during the…
by - May 14, 2020 12:16 pm
As of May 12, there had been at least 12,500 reported positive cases tied to meatpacking facilities in at least 180 plants in 31 states, and at least 53 reported…
by - May 14, 2020 10:30 am
Retailers and malls across the country, outside of grocery and restaurant takeout, have mostly been closed since March as COVID-19 spread. The National Retail Federation (NRF) and Retail Industry Leaders…
by - May 12, 2020 4:23 pm
Walmart will pay additional cash bonuses to hourly U.S. employees working to keep the retailer open during the COVID-19 pandemic. Full-time hourly employees will get a $300 cash bonus and…
by - May 12, 2020 12:22 pm
Houston-based Stage Stores filed Chapter 11 bankruptcy and is seeking potential buyers. Stage banners include Gordman’s, Bealls, Goody’s, Palais Royal, Stage and Peebles, and the 738 stores will begin liquidating…
by - May 11, 2020 4:39 pm
While U.S. pork slaughter and processing facilities have been hit hard from the COVID-19 spread and running at roughly 40% capacity for the past few weeks, China booked more than…
by - May 8, 2020 1:26 pm
Missouri-based Mercy Health System, which operates hospitals and clinics in multiple Arkansas cities, will begin furloughing employees across its four-state footprint next week. The furloughs are expected to last through…
by - May 7, 2020 3:58 pm
Several equity market analysts who follow Tyson Foods have taken a wait-and-see attitude toward the meat giant following challenges the company is facing and will likely face in the next…
