by - June 3, 2020 12:39 pm
COVID-19 has prompted Walmart to rethink usage of the new corporate home office design and some divisions will likely continue to work remotely. President and CEO Doug McMillon said Wednesday…
by - June 3, 2020 12:02 pm
Fashion has not ever been a winning category at Walmart, but in recent years the retail giant has moved to expand its apparel lines in stores and online. Last week…
by - June 1, 2020 1:23 pm
Chris Thompson, owner and president of Lowell-based produce distributor KT Produce, had about $500,000 of product in inventory and en route on trucks when schools were closed and restaurant dine-in…
by - May 30, 2020 10:47 am
The financial impact from the COVID-19 (coronavirus) pandemic has hit the retail segment hard as thousands of stores were temporarily closed and millions of employees were furloughed and told to…
by - May 29, 2020 12:19 pm
Bentonville-based America’s Car-Mart announced Friday (May 29) it is relocating its headquarters to Rogers in order to accommodate its growth. The buy here, pay here used car dealer will move…
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 28, 2020 10:09 am
The National Science Foundation’s Small Business Innovation Research (SBIR) program has awarded Phase I funding to Bentonville startup Stonehenge Technology Labs. The research & commercialization grant is worth $256,000. It…
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 1:51 pm
Kentucky-based restaurant chain Texas Roadhouse has filed a preliminary development plan with the city of Rogers for technical review, signaling its intention to build a 7,800-square-foot restaurant in Rogers. The…
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 22, 2020 11:30 am
The struggles of L Brands began long before the coronavirus hit the U.S. and the specialty retailer is trying to cover its hefty debt load which has prompted the closure…
by - May 21, 2020 6:13 pm
America’s Car-Mart earnings declined in the fourth quarter of fiscal 2020, but its revenue rose to a record of $196 million as it beat expectations for revenue but missed earnings…
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 4:14 pm
E.C. Barton & Company celebrated the opening of its new Home Outlet store in Chattanooga, Tennessee, in the Hixson area. It opened May 11 and has flooring, cabinetry, plumbing, doors…
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…
