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 for the Fort Smith region.
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 Arkansas Friday Wire for March 7.
The CEO of Union Pacific Corp., the railroad transportation giant, told a Little Rock audience that he sees positive signs in the U.S. economy, particularly in the agricultural, chemical and auto business.
Consumer 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, the largest period increase seen since the fall of 2007, according to a recent study by the Federal Reserve Bank of New York.
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 Arkansas, according to the bank's release.
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 has overseen information security since 2008 for the retailer.
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 $6.609 million in permits across the region's three largest cities.
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 in collections related to consumer spending.
A growing local economy and increased enrollment at the University of Arkansas kept multifamily occupancy levels stable at 96.5% last year, despite the opening of 823 new student housing units since the fall of 2012.
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 the U.S. as it shrinks its footprint amid escalating losses.
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., Mexico and Canada.
Convenience 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 that will include pick-up depots for items ordered online.