Walmart Tops $500B, Stays No. 1 on Fortune 500

Walmart became the first company in U.S. history to produce $500 billion in revenue, far exceeding every other company to maintain its spot atop the Fortune 500.

Walmart, which is planning to build a new headquarters in its hometown of Bentonville, finished No. 1 on the annual list published by Fortune magazine for the sixth year in the row. It’s held the top position 14 times in all.

The Fortune list was made public today.

Walmart remains far and away the nation’s largest company. Its $500.3 billion in revenue is more than double the revenue of No. 2 Exxon Mobil ($244.4 billion).

Two other Northwest Arkansas companies were among the six Arkansas companies on the Fortune 500 list of the nation’s largest corporations.

No. 80 Tyson Foods had revenue of nearly $38.3 billion last year and moved up two spots from No. 82. The company first appeared on the list in 1982 at No. 471 with annual revenue at $501.7 million.

No. 395 J.B. Hunt Transport Services, which is based on Lowell and held the No. 407 spot this time, had revenue approaching $7.2 billion. The fast-growing company was on the Fortune 500 for the sixth time.

“J.B. Hunt continues to help our customers find value in their supply chain operations, even in today’s challenging landscape,” J.B. Hunt President and CEO John Roberts said in a press release. “Moving up the Fortune 500 list for the sixth consecutive year reflects our focus, dedication, and commitment to excellence, and together we will continue building a bigger, stronger, and better J.B. Hunt.”

Other facts gleaned from the Fortune 500 list published this year:

  • Tyson Foods would be the largest company if it were in far larger metropolitan areas: Birmingham, Denver, Miami, Orlando, Phoenix, Portland, Salt Lake City and Tampa.
  • Walmart’s revenue exceeded the combined total of Amazon, Costco, Target, Macy’s, Kohl’s and Lowe’s.
  • J.B. Hunt, which has consistently moved up the Fortune 500 since its arrival on the list, is larger than JetBlue, Harley-Davidson and Yum Brands.
  • There’s just one trucking company (Ryder System) that’s larger than J.B. Hunt.

The Fortune 500 list was first published in 1955 and just 21 companies had revenue in excess of $1 billion that year.



 

Northwest Arkansas Among Best Midsize Cities for Jobs, Forbes Says

Northwest Arkansas is ranked by Forbes as one of the nation’s best when it comes to its impressive job growth.

The region sits at No. 2 for the third consecutive year on a Forbes' list of Best Midsize Cities for Jobs. Northwest Arkansas ranks No. 10 overall this year. The magazine published the ranking last week.

The Forbes ranking is based on short-, medium- and long-term job growth dating back to 2006, and the publication evaluated all of the nation’s 422 metropolitan statistical areas. The Northwest Arkansas (Fayetteville-Springdale-Rogers MSA) job growth was 2.14 percent in 2017, Forbes reported.

The only midsize metro to perform better than Northwest Arkansas this year was the Provo-Orem MSA in Utah.

Northwest Arkansas is a consistent strong performer on the Forbes' list of Best Midsize Cities for Jobs. Prior to ranking No. 2 for the past three years, it ranked No. 3 in 2015, and No. 10 in 2014.

Janet Jackson, Chris Stapleton Lead Impressive Walmart AMP Lineup

Janet Jackson, Chris Stapleton Lead Impressive Walmart AMP Lineup

The team at the Walmart AMP has put together what is arguably its strongest group of summertime acts since the outdoor music venue’s 2014 opening in Rogers.

Janet Jackson, Chris Stapleton and Kesha headline this year’s impressive concert lineup, but it also includes country music star Kenny Chesney, rock band Modest Mouse, alternative rockers Pixies and Australian pop band 5 Seconds of Summer.

Bentonville Festival Quickly Evolved into One of Region's Top Celebrations

Bentonville Festival Quickly Evolved into One of Region's Top Celebrations

Northwest Arkansas’ calendar is packed with fantastic community celebrations, runs, rides, tournaments, rallies and fairs, but only a few have separated themselves to become true regional standouts.

The Bentonville Film Festival, which starts next Tuesday and ends May 6, certainly fits the bill as one of the best events. In just its fourth year, it joins a select group of the region’s top celebrations and many of the others have been around for a decade or more.

New Highway Investment Will Improve Trip to XNA

New Highway Investment Will Improve Trip to XNA

Northwest Arkansas leaders and the Arkansas Department of Transportation earlier today celebrated the competition of one of the biggest highway projects in state history.

The first 4.5 miles of the future U.S. 412 bypass, which will be known as Arkansas Highway 612 for now because the section doesn't connect to U.S. 412, cost $100.6 million and was completed a full year ahead of schedule. It connects to Interstate 49 near the J.B. Hunt Transport Services headquarters in Lowell and heads west from there.