Retail

Walmart Store No. 8 under new leadership

Walmart hired Scott Eckert to run its investment arm and startup incubator known as Store No. 8. The retail giant said Eckert will take over for Lori Flees, who ran…

Walmart hires Google exec for chief technology officer role

Walmart has tapped Google executive Suresh Kumar as its new elevated chief technology officer and chief development officer. Kumar brings 25 years of technology leadership and insights from his work…

The Supply Side: Amazon’s online retail rise plateauing, smaller retailers taking market share

Amazon has been a major disruptor to traditional retail, but the company’s recent financial results indicate growth by the Seattle-based e-commerce titan is moderating, according to Deborah Weinswig, CEO and…

Car-Mart stock tumbles 10% after earnings report

America’s Car-Mart Inc. stock fell more than 10% one day after the Bentonville-based buy here, pay here used car dealer reported earnings beat analyst expectations, but revenue missed estimates for…

The Supply Side: Walmart cybersecurity team handles over 200 billion events annually

Data breaches are always on the minds of retailers regardless of their size. In brick-and-mortar stores or online, all retailers face millions of hacker threats each day. Walmart recently held…

High-end bicycle company relocates headquarters to Bentonville

HIA Velo, the parent company of high-end bicycle brand Allied Cycle Works, has relocated its headquarters from Little Rock to Bentonville. Sam Pickman, who was promoted from director of product…

Walmart mobile app downloaded by 58 million consumers

Walmart unseated Starbucks as the most downloaded mobile pay app with 58 million users, according to a study from Cornerstone Advisors and StrategyCorps. The study said just over 44 million…

Car-Mart beats earnings expectations, misses revenue estimates in fiscal 2019

America’s Car-Mart beat earnings estimates but missed revenue expectations in fiscal 2019 as profit rose 30.5%, and revenue increased 9.3%. Also, the Bentonville-based buy here, pay here used car dealer…

Dillard’s CEO touts financial strength, notes ‘mall-based’ retailers going through tough time

After Dillard’s Inc. reported flat first-quarter sales and earnings last week, Chairman and CEO William Dillard II told shareholders over the weekend that the Arkansas department store will emerge stronger…

Graduation spending to top $5.5 billion this year

May is synonymous with graduations and the end of school for millions of students across the country. With a strong overall economy fueled by low unemployment and scant inflationary price…

Louisiana-based Walk-On’s buys land for Conway restaurant

Walk-On’s Bistreaux & Bar, a Cajun-themed restaurant/sports bar co-owned by football star Drew Brees, has completed a $1.36 million deal for a two-acre site at Lewis Ranch in Conway. “We…

Bold Retail doubles down on Walmart.com with new services

Bold Retail Inc., an e-commerce strategy firm based in Rogers, has expanded its Walmart.com services and team. According to the company, the new Walmart.com and Walmart Online Grocery Pickup (OGP)…

Stephanie Funk joins Howse as president and COO of new division

Jay Howard, founder and CEO of Bentonville-based home furnishings and interior design studio Howse, has hired Stephanie Funk as president and chief operating officer of a new division called Howse…

Initial construction will start this summer on new Walmart corporate campus

Retail giant Walmart Inc. has released additional details about its much-discussed new corporate campus in Bentonville and the first visible signs are imminent of what will arguably be the largest-ever…

The Supply Side: Rogers company lands skin care product in Walmart

Bodylove Naturals owners Stacey Antonelli and Wyatt Foley pitched their all-natural skin care product to Walmart at Open Call in June 2018. Walmart gave them a green light for the…

First quarter revenue up 1% for Walmart, same-store comps up 3.4%

Same-store sales growth of 3.4% helped Walmart score net income of $3.842 billion in the first fiscal quarter ended April 30, up 80% from the $2.134 billion in the same…

Dillard’s post flat 1Q profits, revenue and same-store sales from a year ago

Dillard’s Inc. on Wednesday (May 15) posted flat earnings and same-store sales compared to a year ago as the Little Rock upscale retailer and other mall-anchored department stores struggle to…

Kyya Chocolate planning retail store in Fayetteville

The owners of Kyya Chocolate, a bean-to-bar chocolate maker based in Elm Springs, have signed a lease agreement to open the company’s third retail location. Co-owner Rick Boosey said the business is…

Car-Mart’s earnings per share to rise 32%, revenue to increase 10% for fiscal 2019

America’s Car-Mart is expected to report earnings per share to rise 27.3% to $1.82 per share in the fourth quarter of fiscal 2019, from $1.43 per share in the same…

The Supply Side: Bentonville startup develops shaver cleaning solution

Entrepreneur and inventor Louie Graham was in a hurry for a meeting and frustrated with the process to clean his razor while shaving. He wanted a better solution to clean…

Oklahoma court ruling threatens poultry industry in Arkansas

GDP up 4.3% in the third quarter, consumer confidence declines

St. Bernards to expand Maternal Life360 HOME program into Greene County

Then and Now: Cooperative business model a good fit for Mitchell Johnson