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Dec 20, 2024

Party City declares bankruptcy, closing 700 stores, including 18 in Va.

Party City filed for bankruptcy Saturday and said it would “commence a wind down of its retail and wholesale operations and going out of business sales at its approximately 700 stores nationwide,” including 18 stores in Virginia. The company just came out of bankruptcy in September, after bringing on a new CEO, Barry Litwin, in […]

Dollar Tree CFO stepping down
Dec 5, 2024

Dollar Tree CFO stepping down

Dollar Tree Chief Financial Officer Jeff Davis is leaving the Chesapeake discount retailer after two years, the company announced Wednesday. Davis will stay through the filing of the company’s fiscal 2024 report to the Securities and Exchange Commission, Dollar Tree said. “We thank Jeff for his service and appreciate the contributions he made to the […]

Retail | Wholesale | Food | Beverage 2023: CHARLES E. TYSON
Nov 1, 2024

LL Flooring CEO resigns, effective immediately

LL Flooring President and CEO Charles E. Tyson has resigned effective immediately, the Henrico County flooring company formerly known as Lumber Liquidators announced in a Securities and Exchange Commission document released Friday. The move is not exactly a surprise, coming several weeks after Thomas Sullivan, Lumber Liquidators’ founder and former CEO, purchased 219 LL Flooring stores, [&h[...]

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Oct 25, 2024

Fed’s Fifth District economy grows modestly

Economic activity in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew modestly from early September, according to the latest edition of the Fed’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathered [...]

Trump Town owner calls assault, indecent exposure charges ‘fake news’
Oct 25, 2024

Trump Town owner calls assault, indecent exposure charges ‘fake news’

Donald “Whitey” Taylor, owner of Trump Town, a Boones Mill store dedicated to merchandise celebrating the 45th president, and a candidate for mayor in that same small town, was arrested Tuesday on charges of indecent exposure and assaulting store employees.  Taylor, 74, sent a text to Virginia Business, describing the criminal charges against him as […]

Bassett Furniture is a furniture manufacturer and retailer based in Henry County.
Oct 14, 2024

Bassett reports Q3 loss, with performance hurt by cyberattack

Bassett Furniture reported $75.6 million in consolidated third quarter sales, a 13.3% decline from last year and a 9% drop from last quarter. It also recorded an operating loss of $6.4 million, its fifth consecutive loss. The overall loss included a $1.2 million loss on a logistical services contract the company chose to abandon to […]

Trump Town owner calls assault, indecent exposure charges ‘fake news’
Sep 29, 2024

Boones Mill store plays Trump card

The red, white and blue Trump Town sign hanging high upon a former Boones Mill church is as prominent as a sign can be without being lit by neon. But in case drivers passing through town somehow miss it, there’s also a 15-foot cutout of a smiling Donald J. Trump leaning up against the building, […]

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Sep 17, 2024

Judge approves LL Flooring’s sale of Sandston plant, assets

A Delaware Bankruptcy Court judge on Monday approved the sale of 219 LL Flooring stores to an entity connected to F9 Group, which is owned by Lumber Liquidators founder and former CEO Thomas Sullivan. The court also OK’d the $104.75 million sale of the bankrupt flooring company’s eastern Henrico County distribution center to an entity […]

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Sep 7, 2024

LL Flooring to sell 219 stores; 211 other stores set to close

Henrico County’s LL Flooring, which declared Chapter 11 bankruptcy last month, has signed an agreement to sell 219 stores and other assets to F9 Investments, the company announced Sept. 6. LL Flooring plans to close 211 other stores nationwide, up from 94 stores previously announced. With this agreement, F9 Brands owner Tom Sullivan, the founder […]

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Aug 30, 2024

Virginia 500: The 2024-25 Power List

Who are Virginia’s most powerful and influential leaders in business, government, politics and education this year? Find out in the fifth annual edition of the Virginia 500: The 2024-25 Power List. Read more about how we assembled the Virginia 500 from our editor.  Executives are listed in alphabetical order by industry. Below you will find links […]

Aug 29, 2024

2024 Virginia 500: Retail | Wholesale | Food | Beverage

ROBERT A. ‘BOB’ ARCHER CHAIRMAN, BLUE RIDGE BEVERAGE, SALEM     ELIZABETH ‘LIZA’ MYERS BORCHES PRESIDENT AND CEO, CARTER MYERS AUTOMOTIVE, CHARLOTTESVILLE     YOUNG CHOI PRESIDENT AND CEO, STARKIST, RESTON     REID A. BROWN PRESIDENT, BROWN DISTRIBUTING, RICHMOND MICHAEL DAVIS CEO AND PRESIDENT, CORT BUSINESS SERVICES, CHANTILLY     RICK DREI[...]

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