Rogers-based America’s Car-Mart names new chief operations officer; $92M spent in raises by Walmart Canada

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America's Car-Mart welcomes new COO

Rogers-based America's Car-Mart has named Jamie Fischer as its new chief operations officer beginning Oct. 7.

Fischer most recently served as head of operations overseeing 149 dealerships and 15 reconditioning centers for Drive Time, where she's worked since 2012, according to Car-Mart.

"We are thrilled to welcome Jamie Fischer to our executive team," Car-Mart Chief Executive Officer Douglas Campbell said in a statement. "On our last earnings call I spoke about the importance of talent and rounding out the executive team. She has a breadth of experience and has led operations on a large scale."

Leon L. Walthall was America's Car-Mart's last COO and stepped down to serve as senior vice president of field operations in January 2023 then left the company in October, according to regulatory filings. Walthall had been with Car-Mart since 1989 and took over as COO in September 2019.

Car-Mart shares closed at $43.60, up $1.18 or nearly 3% in trading Wednesday. Shares have traded as low as $40.60 and as high as $93.63 over the past year.

-- John Magsam

$92M spent in raises by Walmart Canada

Walmart Canada is spending $92 million in raises for store workers and hourly supply chain employees, the company said on Wednesday.

This investment comes on top of the $53 million in raises for store employees that Walmart Canada, part of Walmart Inc.'s international division, announced in July.

"We're proud to offer wages that are market-competitive or better," said AnnMarie Mercer, the company's chief people officer. "Investing in our people is an ongoing and important part of making sure we continue to attract great associates who want to stay with us," Mercer said.

Walmart has 403 stores in Canada as of July 31, and employs about 100,000 workers.

In the U.S., Sam's Club said last week that it will give its workers raises based on years of service, plus more opportunity to work full time.

These changes at Walmart's members-only warehouse division will put its average hourly pay above $19, and give employees the potential to earn more in annual bonuses.

The compensation plan starts Nov. 2 and affects nearly 100,000 employees.

-- Serenah McKay

Arkansas Index ends at 894.83, down 5.84

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Wednesday at 894.83, down 5.84 points.

"Equities drifted lower on quiet volume as market participants look for continued evidence of a soft economic landing in order to sustain the recent rally as the utilities sector outperformed," said Leon Lants, managing director at Stephens Inc.

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

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Rogers-based America’s Car-Mart names new chief operations officer; $92M spent in raises by Walmart Canada

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