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New York firm acquires Virginia Beach shopping center for $102M
An affiliate of Yale Realty Services has purchased the Landstown Commons Shopping Center in Virginia Beach for $102 million.
Norfolk’s MacArthur Center to be demolished this year
The city of Norfolk announced Friday that it will close and demolish the MacArthur Center mall as part of a redevelopment plan for the site.
Amazon to close five Virginia stores, cut nearly 700 jobs
Amazon plans to close five Amazon Fresh stores in Northern Virginia, laying off about 700 workers beginning April 27.
As Costco rumors swirl, Botetourt OKs agreement
Costco rumors grow after Botetourt County approved an agreement for a national destination retailer near Interstate 81 in Daleville.
Buc-ee’s delays second Virginia location by four years
Buc-ee’s has pushed the expected opening of its New Kent County travel center from 2027 to December 2031.
Chesterfield Towne Center sells to New York, Swiss companies
Chesterfield Towne Center, the largest enclosed mall in the Richmond area, was sold on Dec. 12 to JRE Partners and Anastacia AG for an undisclosed amount.
Virginia lawmakers outline new retail marijuana plans
Lawmakers who in coming months will contribute to shaping the bills that launch Virginia’s long-awaited retail marijuana market unveiled some plans Tuesday. Members of the Joint Commission to Oversee the Transition of the Commonwealth into a Cannabis Retail Market discussed at a meeting in Richmond proposed legislative amendments they will suggest making to the 2025 […]
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.
