Sign In
Free Newsletter
Retail | Wholesale | Food | Beverage 2025: MURRELL, JERRY
As a young student in Michigan, Murrell’s academic struggles prompted a warning from a nun at his Catholic school: He would end up flipping burgers. It took a few years, during which he earned an economics degree from the University of Michigan, worked in life insurance, got married twice and had five sons. But eventually […]
Retail | Wholesale | Food | Beverage 2025: MURPHY, KEVIN
Murphy got his start in the plumbing industry working summers at his father’s business, Midwest Pipe and Supply, which was purchased by Ferguson in 1999. A plumbing and heating products distributor with about 35,000 employees, Ferguson reported $29.6 billion in net sales in 2024. The company made its Fortune 500 debut this year at No. […]
Retail | Wholesale | Food | Beverage 2025: WOODFIN, JACK
Woodfin’s parents, John and Anne, started Woodfin Heating in 1977 to sell heating oil, growing it into one of the largest privately held HVAC-related businesses in Virginia. A Virginia Military Institute and University of Virginia Darden School of Business alum, Jack Woodfin began working with his parents in 1995 as a retail manager. He took […]
Lowe’s to buy Foundation Building Materials for $8.8 billion
Lowe’s is acquiring Foundation Building Materials for $8.8 billion, strengthening its push into the professional builder market as it battles Home Depot.
Target taps longtime executive as new CEO amid sales slump
Target names 20-year veteran Michael Fiddelke as CEO, succeeding Brian Cornell, as the retailer faces weak sales, messy stores and rising competition.
Newport News reveals plans for $400M Navy housing project
Newport News plans to begin work next year on a more than 930,000-square-foot Navy housing development downtown.
Canada’s Gildan Activewear is buying HanesBrands for $2.2 billion
Gildan Activewear is acquiring HanesBrands for $2.2B, gaining brands like Hanes and Maidenform as the apparel maker faces years of declining sales.
Amazon expands its perishable delivery service, putting pressure on traditional grocers
Amazon now offers Prime members fresh groceries with same-day delivery in 1,000+ cities, expanding to 2,300 by year-end.
Virginia Beach solicits development proposals near convention center
The Virginia Beach government is seeking proposals from developers for a commercial or residential project near the city’s convention center.
Dollar Tree promotes new chief legal officer
Dollar Tree announced Thursday that it has appointed legal expert John S. Mitchell as its new chief legal officer and corporate secretary.
Bassett CEO: 3 strategies drove Q2 return to profitability
Despite downward pressures stubbornly weighing on the industry, Bassett Furniture posted a return to profitability in the second quarter.
Virginia Beach developer building $80M mixed-use development
Construction is underway on an $80 million Virginia Beach project to transform a former elementary school site into a mixed-use development.
