Retail >
Last updated on Tuesday, February 21, 2012, 11:00 am
Mike Duke, Walmart
Wal-Mart's 4Q Net Income Falls 14.7%
Wal-Mart Stores Inc., the world's largest retailer, saw fourth-quarter profit drop despite increased sales as it continues its push to be a low-price leader. Reporting before the markets opened Tuesday, the Bentonville-based retailer posted net income of $5.16 billion, or $1.50 per share, for the quarter that ended Jan. 31, compared to $6.06 billion, or $1.70 per share, in the same period a year ago. Still, the company beat the average earnings estimate of $1.45 per share from 25 analysts surveyed by Thomson Reuters. Revenue rose 5.9 percent to $123.17 billion. Wal-Mart, has seen its revenue increase for four straight quarters, but net income has fallen in the last two as it continues to cut prices. "Our price leadership is making a difference across the United States, as many families are... [ MORE ]-
Mary Maestri's Sold, To Be Demolished
A 30,000-SF shopping center is planned at the site of the famed former restaurant, which closed in 2010. [ MORE ] -
The 2011 NWA Class of Forty Under 40
A mountain of nominations produces another top-shelf list of Northwest Arkansas Business Journal Forty Under 40 honorees. [ MORE ] -
Sephora Boutique Set For Northwest Arkansas Mall
J.C. Penney adds services, employees. [ MORE ] -
Subaru Dealership Plans Move to I-540
New facility will result in about 7,000 additional SF. [ MORE ] -
Ginsburg Sells Uncle Sam?s; Arnold the New Owner
Longtime outdoors store is expected to stay relatively the same despite new ownership. [ MORE ] -
Lindt Opens Office In Pinnacle Hills
The chocolate maker owns Ghirardelli Chocolate, which already has a local office. [ MORE ] -
CSA Recruits Top Korean Retailer to NWA
E-Mart is putting a buying office in Benton County. [ MORE ] -
Taylors to Sell MegaByte
The company was sold to Tom Frank of Bentonville [ MORE ] -
Fayetteville Nutrition Aims to Promote Healthy Lifestyles
Customers can get a free wellness profile and attend weekly classes on nutrition. [ MORE ] - See more Retail stories >


