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Walmart unit shifts its grocery app plans

Walmart Inc.'s Mexican unit is turning to a free social media platform for grocery deliveries after a regulatory agency earlier this month blocked the retailer's plan to acquire the delivery app Cornershop.

Walmart de Mexico said in a news release Monday that home grocery delivery from the country's 92 Superama stores is now available through WhatsApp. Superama is a leading Mexican supermarket chain that carries fresh produce, meats and other grocery items, as well as cleaning and personal-care products.

Shoppers using WhatsApp place their orders by sending text messages or photos of the desired items to a designated phone number. They can also track their orders through the app. Walmart de Mexico, also referred to as Walmex, is offering customers free delivery on their first purchase using WhatsApp, according to the release.

The retailer in September announced its intent to acquire Cornershop for $225 million. Mexico's competition authority said June 5 that it would block the deal, which it claimed could hinder other retailers' use of the app.

-- Serenah McKay

4 state institutions in Forbes rankings

Four Arkansas financial institutions made the grade in Forbes' second annual ranking of America's banks and credit unions in each state.

First Security Bank of Searcy, Simmons First National Bank of Pine Bluff and Arvest Bank of Fayetteville made the 2019 list of best banks in Arkansas. Red River Credit Union in Texarkana, Texas, made the list of best credit unions in Arkansas.

Arvest also was named among the best banks in Missouri and Oklahoma.

The list is based on which financial institutions have the most satisfied customers, Forbes said. The financial publication partnered with the global market research firm Statista to survey more than 25,000 people in the United States about their banking relationships.

Consumers were asked 20 questions about their financial dealings, Forbes said. The banks and credit unions were rated on overall recommendations and satisfaction, as well as five subcategories including trust, terms and conditions, branch services, digital services and financial advice. Overall scores ranged from 57.2 to 96.2.

-- Noel Oman

Index inches higher, ends day at 406.35

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Tuesday at 406.35, up 0.46 points.

"U.S. stocks declined on Tuesday, as technology shares along with disappointing economic data and simmering trade concerns sent buyers to the sidelines," said Chris Harkins, managing director at Raymond James & Associates in Little Rock.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

Business on 06/26/2019

Print Headline: NEWS IN BRIEF

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