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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.
Crowds, smiles greet Buc-ee’s first Virginia store opening
Buc-ee’s fans lined up before dawn for the grand opening of the Texas travel center chain’s first Virginia store in Mount Crawford.
Virginia’s first Buc-ee’s opens soon — here’s what to know
Virginia's first Buc-ee’s opens June 30 in Mount Crawford, bringing 200+ jobs, brisket, beaver nuggets and a huge fan following to Rockingham County.
Schewels Home acquires 100-year-old Petersburg retailer
Lynchburg retailer Schewels Home announced that it acquired Petersburg-based Butterworth’s Furniture, which has been in business since 1925.
Tysons Corner Center unveils plans for $100M redevelopment
Major changes are on the horizon for Tysons Corner Center — the largest shopping mall in the Washington, D.C., area.
