Sign In
Free Newsletter
Martinsville bank sells Justice family’s overdue loans to Omni Hotels entity
Carter Bankshares sold $209.48 million in past-due loans tied to the Justice family to a subsidiary of TRT Holdings, owner of Omni Hotels & Resorts.
Six nursing facilities in western Virginia apparently sold to California investor
CareTrust REIT appears to have acquired six skilled nursing facilities in western Virginia for about $142 million.
Hooker Furnishings closes $6.1M sale of two brands
Hooker Furnishings has sold its Pulaski Furniture and Samuel Lawrence Furniture brands to Magnussen Home Furnishings for approximately $6.1 million.
Hooker Furnishings to sell two brands for $4.8M
Martinsville-based Hooker Furnishings is selling two case goods brands to Magnussen Home Furnishings for approximately $4.8 million.
Hooker Furnishings CAO to depart in cost-cutting plan
Hooker Furnishings is parting ways with its chief administration officer as part of its ongoing cost-cutting initiatives.
Nathan Trotter plans $65M tin processing plant in Southern Virginia
Nathan Trotter will invest $65M in a Henry County tin processing facility, creating 118 jobs and boosting the U.S. critical minerals supply chain.
Not wasting away: Hooker Furnishings to launch Margaritaville collection
Hooker Furnishings will launch the Margaritaville home collection at High Point Market, thanks to an exclusive licensing partnership.
Hooker restructuring targets $25M savings by FY27
Hooker Furnishings launches restructuring to cut $25M in fixed costs by FY27, closing warehouses and expanding overseas operations for savings.
U.S. Cellular to lay off 95 Va. employees due to T-Mobile merger
U.S. Cellular will lay off 95 workers in Virginia in June, according to a post on the Virginia Department of Workforce Development’s website Friday. The Chicago-based U.S. Cellular’s wireless operations will be sold to T-Mobile for $4.4 billion, the companies announced in May 2024, and U.S. Cellular plans to lay off 4,100 employees nationally, according […]
Hooker exits Georgia warehouse as part of consolidation effort
Martinsville-based Hooker Furnishings announced this week that it will end operations at its Savannah, Georgia, warehouse as part of a consolidation effort. “Our decision to exit our Savannah distribution facility was not taken lightly,” Hooker Furnishings CEO Jeremy Hoff said in a statement. “We deeply appreciate the hospitality and support received from the state of […]
Hooker Furnishings adds showroom dedicated to international audience
Martinsville-based Hooker Furnishings is demonstrating its commitment to serving a worldwide audience with the debut of its dedicated International Buyer Showroom at the upcoming High Point Market in North Carolina that will run April 26-30. Set apart from its flagship showroom, the dedicated 5,000-square-foot space is located on the second floor of Showplace in space 2340 […]
Top Five: February 2025 edition
1 | Richmond water crisis shuts down restaurants, businesses Businesses “Dry January” became all too literal in Richmond, where city residents and businesses struggled with a water outage that started Jan. 6, delaying the start of the General Assembly, and leaving the city without water for several days. (Jan. 8) 2 | Buc-ee’s estimates first […]
