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Wal-Mart to expand 'tethering' concept with pick-up depots
story by Kim Souzaksouza@thecitywire.comConvenience is the name of the game in retail these days and Wal-Mart Stores Inc. is taking nothing for granted as they test and build out a tethering system...
View ArticleFedEx Freight raises LTL rates
FedEx Corp. said its subsidiary less-than-truckload unit FedEx Freight will increase its rates by an average of 3.9%. The new rate will take effect March 31 and apply to all shipments in the U.S.,...
View ArticleRadioShack to shutter 1,100 U.S. stores
Electronics retailer RadioShack continues to fight for its existence despite same-store sales sinking 19% in the recent quarter. The Texas-based retailer said it will close up to 1,100 stores across...
View ArticleWinter continues to challenge beef market
Old man winter continues to show his ugly hand across much of the U.S. with the start of spring still more than two weeks away. Derrell Peel, Oklahoma State University Extension Livestock Marketing...
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NWA apartment sector stable despite UA student housing boom
story by Kim Souzaksouza@thecitywire.comA growing local economy and increased enrollment at the University of Arkansas kept multifamily occupancy levels stable at 96.5% last year, despite the opening...
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Arkansas year-to-date tax collections on a downward path
The growth of year-to-date tax collections in Arkansas is on a downward trend, and the February gross revenue number was below the budget forecast. The February report also showed a continued decline...
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February building permit values up more than 12% in the Fort Smith area
February building permits came in at a combined $7.405 million for the cities of Fort Smith, Greenwood and Van Buren. The total is an increase of 12.04% over the same period last year, which saw only...
View ArticleTech chief at Target resigns
Target said Beth Jacob, the retailer’s chief information officer resigned today (March 5) amid a restructuring of its information and compliance division following the pre-holiday data breach. Jacob...
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Arvest promotes Stephen Boyd
Arvest Bank has promoted Stephen Boyd to consumer lender for the bank’s Springdale market. Boyd, previously a personal banker for Arvest in Springfield, Mo., is excited to relocate to Northwest...
View ArticleTyson Foods lands $444 million government contract
The U.S. Department of Defense has awarded Tyson Foods a three-year contract worth a maximum of $444 million to supply chicken to the federal government, according to March 4 release.The contract, for...
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Tyson Foods, Pilgrim’s play pricing game with market share push
story by Kim Souzaksouza@thecitywire.comSitting pretty on fat balance sheets, the nation’s two largest chicken companies are it again, strategically planning to grow market share in the highly...
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Financial outlook improves for Arkansas Best, USA Truck
story by Michael Tilleymtilley@thecitywire.comThe outlook for two trucking operations that employ more than 1,000 in the Fort Smith region – and many of those being good-paying jobs – is improving....
View ArticleStaples to shutter 225 stores
Office supply retailer Staples will close 225 stores in North America by the middle of next year seeking to trim costs amid a weaker sales climate.Staples said it is aiming to save $500 million...
View ArticleCrystal Bridges teams up with NWACC for musical, lecture events
NorthWest Arkansas Community College has joined forces with Crystal Bridges Museum of American Art to bring “Vivaldi’s Sounds of Spring” to life for local audiences on March 19 and 21.The Vivaldi...
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Rising consumer debt also linked to lackluster retail results
story by Kim Souzaksouza@thecitywire.comConsumer debt, and not just wicked winter weather, is having a chilling effect on retail sales. Consumer debt rose by $241 billion in the fourth quarter of 2013,...
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Union Pacific chief says energy, agri markets boosting business for railroads
story by Roby Brock, a TCW content partner and owner of Talk Businessroby@talkbusiness.netThe CEO of Union Pacific Corp., the railroad transportation giant, told a Little Rock audience that he sees...
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The Supply Side: More men in the grocery aisle, opportunity for brands
story by Kim Souzaksouza@thecitywire.comEditor’s note: The Supply Side section of The City Wire focuses on the companies, organizations, issues and individuals engaged in providing products and...
View ArticleJohn H. Tyson redeems $12.9 million of company stock
Tyson Foods Chairman John Tyson sold 336,895 shares of Tyson Foods stock for an estimated $12.9 million earlier this week, according to a filing with the Securities and Exchange Commission.Following...
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The Friday Wire: Hispanics, taxes and chicken
A dearth of political candidates for legislative seats, tough allegations against the poultry industry, growth in Hispanic buying power and comments about “intimidator” Putin are part of the Northwest...
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The Friday Wire: A short list of candidates and a happy trucker
A dearth of political candidates for legislative seats, tough allegations against the poultry industry, thoughts on “New Tech” schools and an excited trucking exec are part of the March 7 Friday Wire...
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