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Smooth sailing for Virginia’s publicly traded companies, except Boeing
Overall, Virginia’s largest publicly traded companies saw 2024 as a successful year, reflecting the nation’s economic upswing of about 3% each quarter. Except for Boeing and “its ghastly record,” as George Mason University’s Terry Clower memorably said late last year about the Arlington-based Fortune Global 500 aerospace and defense giant. In January 2024, a Boeing […]
Richmond Flying Squirrels’ new stadium will be CarMax Park
With confetti flying and a DJ playing walk-up music for Richmond’s mayor and other luminaries, the Richmond Flying Squirrels announced Wednesday that Fortune 500 company CarMax will be naming sponsor for the Squirrels’ new ballpark starting with the 2026 season. The replacement for the Richmond Diamond will be known as CarMax Park, officials with the […]
7 Va. companies make 2024 Fortune Global 500
Seven Virginia-based companies made Fortune magazine’s 35th Global 500 list, released Monday. Companies were ranked by total revenues for fiscal years ending on or before March 31. McLean’s Freddie Mac remained the commonwealth’s top-ranked company at No. 88 — up 45 spots from 2023. The government-sponsored home mortgage company reported net income of $10.5 billion […]
Retail | Wholesale | Food | Beverage 2023: WILLIAM D. ‘BILL’ NASH
Nash began at CarMax in 1997 as an auction manager, working his way up to president and CEO in 2016. Founded in 1993 in Richmond as a subsidiary of electronics retailer Circuit City, CarMax is the country’s largest retailer of used cars, reporting $31.9 billion in 2022 revenue and employing more than 30,000 people. In […]
Virginia’s Fortune 500 companies
This year, 24 Virginia companies made the Fortune 500 list of the nation’s 500 largest publicly traded companies in the United States by total revenue. The commonwealth had three more Fortune 500 companies in 2023 than last year, largely due to aerospace and defense contractors RTX (formerly Raytheon Technologies Corp.) and Boeing Co., which both […]
Six Va. companies land spots on Fortune Global 500
Six Virginia-based companies have landed spots on Fortune Magazine’s Global 500 list, which was released Thursday and ranks the world’s 500 largest corporations by total revenue. Walmart Inc. took the top spot on the list, reporting $572 billion in revenue, retaining its top spot from last year. Amazon.com Inc. followed behind, rising a spot to […]
Thinking big
At Virginia’s largest publicly traded companies, the past year has been a constant exercise in challenging the status quo. Some major changes could be seen at the consumer level, as Dollar Tree Inc. raised its namesake base price point to $1.25, and Capital One Financial Corp. eliminated overdraft fees for its banking customers. And the […]
CarMax to acquire remaining stake in Edmunds
Goochland County-based used car giant CarMax Inc. announced Thursday that it had signed an agreement for full ownership of vehicle research website Edmunds.com Inc. in a cash and stock deal. In January 2020, CarMax invested $50 million to acquire a minority stake in Santa Monica, California-based Edmunds. CarMax, a Fortune 500 company, will acquire the […]
Retail | Wholesale
ROBERT A. ‘BOB’ ARCHER CHAIRMAN AND CEO, BLUE RIDGE BEVERAGE CO., SALEM Robert Archer runs the wholesale beverage retailer his parents bought in 1959 after moving to Salem. When his father, James Archer, died in 1972, his mother, Regine Archer, became president and forged ahead on decades of growth and acquisitions. Blue Ridge distributes a […]
