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Virginia ABC stores to change to noon opening
The Virginia Alcoholic Beverage Control Authority will change its daily opening hours to noon at its 395 stores starting Monday. Staffing stores has become difficult as “increasing numbers of ABC’s retail employees continue to be affected by COVID-19,” the authority said in a news release. Store closing times will remain the same. “Like other retailers […]
Virginia ABC names first chief transformation officer
The Virginia Alcoholic Beverage Control Authority has named Elizabeth Chu its first chief transformation officer, the authority announced Wednesday. Chu will guide Virginia ABC’s transformative efforts to ensure priorities and objectives are met, overseeing project management and business transformation, as well as diversity, equity and inclusion, according to a news release from the state A[...]
Retail | Wholesale
MICHAEL AKROP CEO, LEESA SLEEP LLC, VIRGINIA BEACH Akrop, who was Leesa Sleep’s president and chief operating officer, earned a promotion in January, becoming the online mattress retailer’s CEO. He has an extensive background in digital startups, having logged nearly a decade at Zappos, the online shoe retailer, and then two years at Vroom, a […]
Virginia ABC reports $1.4B in FY 2021 revenue
The Virginia Alcoholic Beverage Control Authority (ABC) reported $1.4 billion in gross revenue for fiscal year 2021, up $163 million over the previous fiscal year. It’s the third year in a row the state authority has surpassed $1 billion. As a division of state government, ABC sends its profits — $616.4 million — to the […]
New ABC laws go into effect July 1
Starting July 1, the Virginia Alcoholic Beverage Control Authority (ABC) will begin enforcing new laws passed by the Virginia General Assembly during its 2021 session, including allowing localities to create special large outdoor entertainment districts where consumption of alcohol would be allowed. Other measures passed by the Assembly include allowing restaurants to continue selling cocktails [&[...]
ABC stores return to pre-pandemic hours Friday
Officials with the Virginia Alcoholic Beverage Control Authority announced Tuesday that all ABC stores will return to pre-pandemic operating hours on Friday. For more than a year, Virginia’s ABC stores have operated at reduced hours due to the COVID-19 pandemic. Officials decided to limit hours the stores were open to allow time for staff to […]
Northam seeks to include part-time workers in state IRA fund
Virginia Gov. Ralph Northam has proposed a change to a bill to allow part-time employees to participate in a newly created state-administered retirement fund for workers without 401(k) access, the governor’s office announced Friday. Northam also has signed legislation expanding an existing broadband pilot program to increase internet access in underserved areas of the state, […]
Northam signs alcohol, ‘games of skill’ bills into law
Gov. Ralph Northam announced on Friday that he has signed several bills into law, including ones that allow for the delivery and take-out of alcoholic beverages and the ban of so-called “games of skill.” House Bill 1879, sponsored by Del. David Bulova, D-Fairfax, and Senate Bill 1299, sponsored by state Sen. John Bell, D-Ashburn, codify […]
Virginia ABC announces Pappy Van Winkle lotteries
On Wednesday, the Virginia Alcoholic Beverage Control Authority announced that several highly prized Pappy Van Winkle whiskey products will be entered into an online lottery in March and April. The 23-year-old bourbon whiskey costs $300 per bottle, but in the online marketplace, a bottle of 25-year-old Old Rip Van Winkle bourbon was on sale for […]
Va. ABC recognized as top alcohol enforcement agency
The Virginia Alcoholic Beverage Control Authority (ABC) won the Alcohol Law Enforcement Agency of the Year award from the National Liquor Law Enforcement Association (NLLEA), the agency announced Wednesday. This marks the third time that Virginia ABC has earned this recognition — also marking wins in 2002 and 2017. The NLLEA is a nonprofit association […]
ABC reports record $1.2B in FY 2020 revenue
The Virginia Alcoholic Beverage Control Authority (ABC) broke its gross revenue record again during fiscal year 2020, reporting $1.2 billion in gross revenue, the ABC announced Wednesday. Last year, the state agency surpassed $1 billion in revenue for the first time. ABC’s profits of $545.3 million (an increase of $45.8 million over last year) will […]
Virginia ABC stores cut operating hours
Due to the ongoing coronavirus crisis, the Virginia Alcoholic Beverage Control Authority (ABC) is reducing operating hours at all of its statewide retail locations starting Friday, March 27. ABC’s 388 stores across the commonwealth will be open from noon to 7 p.m., seven days a week. ABC stores in the Peninsula Health District, which includes […]
