by - August 12, 2020 12:28 pm
Retailers are importing less merchandise this year and the annual decline is estimated at 9.4%, the lowest volume since 2016, according to the National Retail Federation. The trade group estimates…
by - August 12, 2020 12:15 pm
Off-price retailer Stein Mart is the latest casualty of the COVID-19 crisis as the Jacksonville, Fla.,-based company files Chapter 11 bankruptcy. Stein Mart plans to close most, if not all…
by - August 11, 2020 5:17 pm
Walmart has agreed to settle a class action lawsuit filed in U.S. Southern District of Florida in early 2019 that alleged Walmart advertised deceptive unit prices for weighted goods such…
by - August 11, 2020 5:14 pm
Walmart is partnering with San Fransisco-based Instacart for grocery and general merchandise delivery in Tulsa, Okla., and the California cities of Los Angeles, San Francisco and San Diego. The same-day…
by - August 10, 2020 3:43 pm
Rogers-based America’s Car-Mart is expected to report a decline in earnings per share and revenue in the first quarter of fiscal 2021, which ended July 31. The buy here, pay…
by - August 10, 2020 1:16 pm
Sean Slovenski, senior vice president of health and wellness at Walmart U.S., is exiting the company after just two years. His departure was recently announced in a internal memo from…
by - August 9, 2020 12:04 pm
In July 2019, the growth potential of Fayetteville-based restaurant chain Slim Chickens attracted an investment from 10 Point Capital, an Atlanta-based private equity firm. The capital is expected to help…
by - August 8, 2020 9:48 am
The back-to-school shopping season is underway, but families are still undecided or unsure whether their kids will return to classrooms this year or continue with virtual education as the COVID-19…
by - August 4, 2020 6:47 pm
Little Rock-based Staley Technologies, a nationwide technology solutions provider, announced a strategic partnership with CIMA, a global cash handling product manufacturer, that will provide innovative smart cash handling solutions and…
by - August 4, 2020 8:31 am
America’s Car-Mart Inc. opened its 150th dealership in Chattanooga, Tenn., on Friday (July 31). This is the second dealership the Rogers-based buy here, pay here used car dealer opened in…
by - July 30, 2020 11:23 am
Walmart is restructuring its U.S. business and hundreds of employees are being laid off, according to sources. The downsizing, according to sources familiar with the company, is part of Walmart’s…
by - July 29, 2020 1:00 pm
There are several suitors vying for JCPenney, which filed bankruptcy in May. Sycamore Partners, a private equity firm based in New York, is the leading bidder at $1.75 billion, with…
by - July 29, 2020 11:34 am
Consumers will have to wait a few more months for Amazon’s Prime Day sales extravaganza in 2020, which has been officially postponed. The two-day summer sales event will likely be…
by - July 28, 2020 3:43 pm
Jack Pestello, a former Walmart executive, is the new chief merchant at Ohio-based Big Lots, replacing Lisa Bachmann, who plans to retire following a brief transition period. He spent seven…
by - July 28, 2020 2:40 pm
The Supply Chain Management department at the University of Arkansas recently gained national recognition as the No. 1 ranked undergraduate program for supply chain logistics in North America. Global research…
by - July 27, 2020 3:11 pm
Joe Donaldson, head of family-owned Sam’s Furniture in Springdale, dreams big. He has plans for another business expansion, adding to the nearly 170,000 square feet of showroom and warehouse space…
by - July 27, 2020 12:28 pm
Ascena Retail Group, parent of Ann Taylor, LOFT, Lane Bryant, Catherines, Justice and Lou Grey stores, filed bankruptcy July 24 and plans to close more than half of its nearly…
by - July 25, 2020 10:30 am
Here in Northwest Arkansas, the heart of the retail industry, where Walmart is an all-dominating force in the market and Dillard’s is still viable as a “real” department store, we…
by - July 23, 2020 2:54 pm
India has been a bit of disappointment for Walmart in past years, but that changed when the retail giant acquired a majority stake in Flipkart in 2018 for $16 billion….
by - July 23, 2020 12:16 pm
Fayetteville-based co-op Ozark Natural Foods (ONF) recently relocated downtown after renovating a former grocery store. General Manager Mike Anzalone said the natural foods retailer opened at 380 N. College Ave….
