‘When Wal-Mart Leaves’ in This Week’s Arkansas Business

Labor Day’s over. Time to get back to work. This week’s Arkansas Business and Northwest Arkansas Business Journal are available now. Among the highlights:

Wal-Mart closed its only store in Brinkley in May. What followed goes against conventional wisdom, as city sales taxes rose, local stores added more merchandise and two other retail chains announces plans to fill the void. Great success! Among those helping out: former U.S. Rep. Tommy Robinson. This story has it all!

Susannah Patton of the Northwest Arkansas Business Journal brings us a painful chronicle of the sad decline of Brandon Barber and Seth K. Kaffka, two northwest Arkansas developer whose Legacy Building in Fayetteville stands as a symbol of bad decisions and big living undercut by “over-leverage and under-performance.” This story ends at Chapter 7.

Jeffrey Wood on former Wal-Mart CEO Lee Scott, whose speech at the NWABJ’s 40 Under 40 luncheon left them wanting more.

As big tourism clients slash their budgets, Little Rock Web design firm Aristotle cuts salaries, and a founder leaves the company.

Little Rock start-up Sumotext delivers time-sensitive information to targeted customers via text message.

Former Arkansas Gov. Jim Guy Tucker owes a North Little Rock firm about $20,000.

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