Retail

Bentonville sales tax revenue declines, other cities see gains

The four largest Northwest Arkansas cities had mixed sales tax revenue results in their May reports. Bentonville, Fayetteville, Rogers and Springdale cumulatively reported sales tax revenue of $47.662 million, down…

Rebuild at Adelaide Hall location could begin in early fall

One can’t replace lost history, but it’s possible to build something that will become history. So believes Rick Griffin, who is working with Oklahoma City-based Bricktown Brewery to rebuild a…

AC Hotel opens at the new Walmart home office

The 153-room AC Hotel Bentonville at 1201 S.E. Eighth St. in Bentonville recently opened at the entrance to the new 350-acre Walmart Home Office, according to a news release. AC…

Walmart to cut 1,500 corporate jobs in cost-cutting restructuring

Bentonville-based Walmart confirmed Wednesday (May 21) it will cut 1,500 jobs within its U.S. and global technology businesses. Those losing jobs will be paid through August and may apply for…

Future tobacco store locations limited by Fort Smith Board action

The Fort Smith Board of Directors voted Tuesday (May 20) to restrict tobacco and vape shops from opening within 500 feet of a school or daycare. The new ordinance does…

Walton family reduce Walmart holdings by more than $1.5 billion

The Walton family recently downsized their holdings of Walmart stock inside the Walton Family Holdings Trust and the Walton Family Foundation through multiple equity trades involving 15,407,969 shares of Walmart…

New Braum’s store, distribution center planned for Fort Smith

Fort Smith is getting a new Braum’s Ice Cream and Dairy Store. A building permit for construction of a new store for the Oklahoma City-based company was issued by the…

The Supply Side: Walmart top execs tout benefits of mentoring, financial literacy

Walmart CEO Doug McMillon and Kieran Shanahan, the chief operating officer of Walmart U.S., believe in the importance of mentorship, financial literacy, and the need to be good at receiving…

Tipton & Hurst expands to Northwest Arkansas

Little Rock-based florist Tipton & Hurst will open its first Northwest Arkansas store at Village on the Creeks in Rogers, the company announced Monday (May 19). The family-owned business, founded…

Chandler Equipment purchases Starwood Customs in Lowell

Springdale-based Chandler Equipment Inc., a manufacturer and supplier of truck accessories, has recently acquired Starwood Customs, a Lowell-based provider of vehicle customization services. Financial terms of the deal were not…

Harps Food Stores to purchase Doc’s Food Stores in Oklahoma

Springdale-based grocery retailer Harps Food Stores Inc. will acquire Doc’s Food Stores Inc., an independent grocery retailer with 10 stores across Oklahoma, according to a Friday (May 16) news release….

Walmart boss warns of higher prices from ‘magnitude’ of tariffs

Walmart CEO Doug McMillon is pleased that President Donald Trump backed away from his 145% tariff on goods from China, but the retailer is concerned the lower rate at 30%…

Walmart net income down 12.1%, execs note potential tariff concerns

Walmart posted first-quarter revenue growth of 2.5% after currency headwinds of $2.4 billion. Revenue topped $165.61 billion, below analysts estimates. Membership income, a component of gross revenue, was up 3.7%…

Dillards sees sales, profits dip in Q1

Dillard’s, Inc. reported lower first quarter sales and profits in its first quarter amidst “economic uncertainty,” according to its CEO. The Little Rock-based mall retailer released its operating results for…

Tyson Foods’ chicken business helping to counter beef losses

Tyson Foods’ chicken business recorded about $680 million in adjusted operating income through the first half of this year. The Springdale-based global company will need those chicken dollars to counter…

Walmart ordered to pay $222 million in dispute with Zest Labs

Litigation between Zest Labs and Walmart that began in 2018 added another chapter this week with the retail giant ordered by a central Arkansas jury seated in a federal trial…

The Supply Side: Sam’s Club growth plan may include no checkout stations

It took 42 years for Sam’s Club to reach $90 billion in annual revenue, but CEO Chris Nicholas and his executive group plan to double the business in the next…

Grocery prices rose in April, egg prices up almost 50%

Grocery prices rose again in April, up 2.8% from a year ago and up 0.2% from March, according to the Consumer Price Index posted Tuesday (May 13) by the U.S….

Walmart expected to post revenue gain, weaker income in quarterly report

Walmart is expected to report a first-quarter revenue gain of around 2.5% on Thursday (May 15), but analysts caution that net income could fall 3.3% from a year ago. Walmart’s…

Retail sales rise 6.7% in April, tariff impacts noted

Consumer spending rose in April ahead of expected tariff impacts. The National Retail Federation (NRF) Retail Monitor had April sales, excluding gasoline and automobiles, up 0.72% from the prior month…