New Dillard's store going up in Conway
Dillard's Inc. will build a 100,000-square-foot store at the planned Central Landing multiuse development space in Conway, the Little Rock-based retailer said Wednesday.
The store will anchor the development's Shoppes at Central Landing, according to a news release.
"We are happy to announce our commitment to Central Landing, adding a ninth location to our home state of Arkansas," said Bill Dillard II, chief executive officer of Dillard's, in a prepared statement. "Conway is an established community and we look forward to serving this growing market that already knows Dillard's as the hometown fashion destination."
Dillard's has not disclosed how much it will spend to build the new store. The Conway store will be Dillard's first department store built in the state since the company opened a store in the Pinnacle Hills Promenade shopping center in Rogers in 2006.
Central Landing, which includes plans for hotels, office buildings, and residential space, will transform Conway Municipal Airport at Dennis F. Cantrell Field, into a multiuse development, according to the news release.
A bond issue, to go before voters next month, is needed to finance public street and infrastructure construction for the project, according to the news release.
-Jessica Seaman
Windstream readies 2nd-quarter results
Windstream Holdings Inc. will hold a conference call today to discuss its second-quarter financial results, also to be released today.
The conference call begins at 7:30 a.m. and can be accessed by calling (877) 374-3977 and using access code 72218817. The call will also be streamed online at www.windstream.com/investors.
The Little Rock telecommunications company had a profit of $16 million during its first quarter of 2014, down from $52.3 million during the same period last year.
-- Jessica Seaman
Arkansas index adds 2.88; 13 stocks gain
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 2.88 to 348.11 Wednesday.
"U.S. stocks ended higher but just barely after two major [merger and acquisition] deals fell through," said John Blackwell, senior vice president and managing director of equity trading at Stephens Inc. in Little Rock. "21st Century Fox abandoned its $80 billion offer to acquire Time Warner and Sprint gave up on its attempts to acquire T-Mobile."
The Arkansas Index moved higher as 13 stocks advanced and four declined, Blackwell said.
Deltic Timber was up 2.5 percent on average volume.
Bear State Financial lost 1.2 percent.
Total volume of the index was 28.3 million shares.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 08/07/2014