by - November 15, 2019 11:00 am
Kathryn McLay named CEO of Sam’s Club
Walmart has named Kathryn McLay, 45, as CEO for Sam’s Club. McLay replaced John Furner who was promoted to CEO of Walmart U.S. effective Nov. 1. McLay joined Walmart in…
Retail
by - November 14, 2019 1:10 pm
Walmart third-quarter net income beats estimate, revenue was up 2.5%
Walmart came through big in the third quarter with $3.288 billion in net income, or $1.15 per share. That was above the $1.09 equity analysts expected from the retail giant…
by - November 12, 2019 4:24 pm
Equity analysts expect modest third-quarter profit growth from Walmart
All eyes will be on Walmart early Thursday (Nov. 14) as the retail giant reports third-quarter earnings and highlights expectations for the holiday season and coming year. Walmart watchers expect…
by - November 12, 2019 8:15 am
Harps Food Stores launches grocery pickup service
Springdale-based Harps Food Stores Inc. announced Tuesday (Nov. 12) that grocery pickup will be available via Instacart at select locations throughout the four-state area. The two companies have partnered to…
by - November 9, 2019 10:58 am
The Supply Side: Crossnet game lands at Walmart.com, in big-box retail
A business major, an engineer and a sales marketer rolled the dice with a new outdoor game they invented while dreaming up a way to make extra money. Two years…
by - November 9, 2019 10:06 am
Sears to close lone Arkansas store at McCain Mall by February 2020
Once the world’s largest brick-and-mortar retailer, a private hedge fund formed earlier this year to save the venerable Sears and Roebuck Co. brand on Friday (Nov. 8) announced its intention…
by - November 8, 2019 12:44 pm
Consumers to shop early and spend more this holiday season
This holiday season is already off and running with retailers of all sizes competing fiercely for what looks to be more consumer spending and eager shoppers, said Scott Rankin, principal,…
by - November 7, 2019 5:12 pm
Young consumers doing more eating than shopping at malls
Shopping traffic in malls has continued to decline in recent years, even during the peak holiday season, but consumers who do frequent malls are more apt to eat at mall…
by - November 7, 2019 1:45 pm
Analysts: Car-Mart profit, sales to increase in second quarter of fiscal 2020
America’s Car-Mart earnings and revenue look to rise in the second quarter of fiscal 2020, analysts said. Earnings per share are expected to increase by 14.6% to $1.81 per share,…
by - November 5, 2019 7:30 am
Ex-McDonald’s CEO Steve Easterbrook steps down from Walmart board
Steve Easterbrook, who was dismissed as president and CEO of McDonald’s Corp. over the weekend, resigned as a Walmart Inc. board member on Monday (Nov. 4). The Bentonville company announced…
by - November 4, 2019 3:21 pm
Healthy tax collections boost Arkansas budget surplus to nearly $73 million in October
Heading into the all-important holiday season, Arkansas budget coffers in October were bolstered by healthy across-the-board tax collections in every major category, pushing funds available for state government use well…
by - November 3, 2019 12:39 pm
Starbucks seeking approval for third Bentonville store
Starbucks is seeking approval for a new company-owned store in Benton County near the Bentonville/Bella Vista border. The coffee chain’s proposed 2,100-square-foot store, at 3811 U.S. Highway 71, will be…
by - November 2, 2019 9:53 am
Coffee shop opens in Bentonville Public Library
Coffee shop 211 Café recently opened inside of Bentonville Public Library at 405 S. Main St., three blocks south of the downtown Bentonville square. Guatemala natives Mauricio and Norma Guerrero…
by - October 30, 2019 5:36 pm
Murphy USA touches yearly high as profits jump 54% from a year ago
El Dorado-based Murphy USA’s stock touched a 52-week high Wednesday (Oct. 30) after the Arkansas convenience store chain saw improved third quarter earnings on strong gasoline and merchandise sales and…
by - October 30, 2019 5:16 pm
Walmart and Green Dot expand relationship, form new fintech program
Walmart announced a new seven-year contract agreement with Green Dot to continue as the issuing bank and manager for the retail giant’s MoneyCard program. The partners also agreed to launch…
by - October 29, 2019 7:00 pm
New leadership named for Walmart’s Jetblack startup
Jetblack has come under new leadership with Nate Faust taking over as CEO from Jenny Fleiss, who has been in charge since the personal shopping service was launched last year….
by - October 29, 2019 4:54 pm
Nielsen: Consumers will want more local foods in 2020
The demand for local foods will only increase in 2020 and beyond, according to Nielsen research. The company recently reported that 48% of consumers want local ingredients and food sourced…
by - October 28, 2019 6:23 pm
Deloitte: Consumer privacy in retail is next frontier in data regulations
High-profile data breaches and privacy infractions have made consumers more aware that their data is at risk, according to new national survey that shows that one in every three Americans…
by - October 24, 2019 4:16 pm
Consumers to spend 4% more this holiday season, fewer prime shopping days
Several reports on holiday spending indicate healthy consumer demand despite a cautious sentiment about the economy. The National Retail Federation reported Thursday (Oct. 24) consumers will spend an average of $1,047.83…
by - October 24, 2019 1:33 pm
The Supply Side: Field Agent predicts Walmart a top 3 holiday destination
Walmart will be a go-to retailer for a majority of consumers this holiday season, according to new research from Fayetteville-based Field Agent. The data research firm found Walmart was among…