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Forever No More. Operator of mall staple Forever 21 files for bankruptcy protection
Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies. F21 OpCo, which runs Forever 21 stores, said late Sunday that it will wind down the business in […]
StartVirginia: Hopewell businesses get boost from pitch contest
Jonathan Montiel and his business partners, Phillip and Lexi Hughes, bought a building in downtown Hopewell and asked community members what they needed. Their answer: more restaurants. That’s how City Point Ice Cream & Burgers was born, and the trio think it’s also why they won the $15,000 first prize in the Homegrown for Hopewell […]
Commercial real estate leasing roundup
The following lease transactions took place in Virginia through Nov. 8: Central Virginia Virginia Insurance Services Inc. leased 1,900 square feet at 1 Park West Circle in Chesterfield County. Tucker Dowdy and Jamie Galanti of Commonwealth Commercial Realty represented the landlord. Kala Brand Music Co. leased 29,342 square feet at 11223 Leadbetter Road in Hanover […]
Great Outdoor Provision Co. to expand flagship store in C-ville
Raleigh, North Carolina-based retailer Great Outdoor Provision Co. is opening an expanded flagship store in August 2022 in Charlottesville. The independently owned retailer, which sells outdoor clothing and recreational gear such as camping equipment and kayaks, will more than double that space of its Barracks Road location, growing from 9,641 square feet to 20,358 square […]
