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Best Buy ups sales outlook heading into holiday shopping ramp-up
Best Buy raised its full-year forecast after strong third-quarter results, with computing, gaming and mobile driving 2.7% comparable-sales growth.
Consumer confidence slides as Americans grow wary of high costs and sluggish job gains
U.S. consumer confidence fell to 88.7 in November as inflation, weak hiring and the shutdown weighed on Americans’ views of the economy, survey shows.
US retail sales rose slightly in September, adding to months of big gains
U.S. retail sales rose 0.2% in September as high prices and weak hiring pressured consumers, though stronger spending may boost third-quarter economic growth.
Kohl’s promotes interim CEO and 30-year retail veteran Michael J. Bender to be its permanent chief
Kohl’s appoints Michael Bender as permanent CEO as the retailer battles years of falling sales and prepares to report third-quarter earnings.
Harris Teeter to lay off 91 Fairfax County employees
Harris Teeter will permanently close a fulfillment center in Fairfax County on Feb. 1, 2026, laying off 91 employees.
Amazon closing Sterling facility, affecting 247 workers
Amazon.com plans to shut down a fulfillment center in Sterling at the end of January, but workers will have transfer opportunities.
Schewels Home acquires Richmond-area Central Furniture
Lynchburg-based furniture retailer Schewels Home is opening its newest location in Henrico County following the acquisition of Central Furniture.
CarMax CEO out after nearly a decade
CarMax CEO Bill Nash is stepping down after nearly 10 years. David McCreight will serve as interim CEO starting Dec. 1.
Amazon opens Virginia Beach fulfillment center
Amazon has opened its massive 3.2 million-square-foot fulfillment center in Virginia Beach, bringing hundreds of jobs.
Stafford delays voting on proposed Buc-ee’s
Stafford County Planning Commission delays vote on a 74,000-square-foot Buc-ee’s as residents raise traffic and safety concerns.
