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Walmart

Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target
Aug 21, 2025

Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target

NEW YORK (AP) — Walmart Inc. powered through an uncertain economic environment and tariff concerns to deliver solid second-quarter financial results Thursday, showing it keeps pulling in shoppers and outpacing peers like Target. The nation’s largest retailer reported a 4.6% quarterly increase in comparable sales — those coming from established stores and online channels. Company ex[...]

FILE - A Target sign is shown on a store in Upper Saint Clair, Pa., on Friday, July 7, 2023. (AP Photo/Gene J. Puskar, file)
Aug 20, 2025

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.

Traders Jonathan Mueller, left, and Michael Capolino work on the floor of the New York Stock Exchange, Friday, Aug. 15, 2025. (AP Photo/Richard Drew)
Aug 18, 2025

Wall Street holds near its record heights

Stocks hovered near record highs Monday as investors awaited Fed Chair Jerome Powell’s speech and key earnings from Walmart, Target and Home Depot.

FILE - An Amazon Prime logo appears on the side of a delivery van as it departs an Amazon Warehouse location in Dedham, Mass., Oct. 1, 2020. (AP Photo/Steven Senne, File)
Aug 13, 2025

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.

Wall Street drifts lower as S&P 500 flirts with its first loss of the week
May 15, 2025

Wall Street drifts lower as S&P 500 flirts with its first loss of the week

U.S. stocks fall as trade war uncertainty persists. Oil prices drop amid possible Iran deal. Market reacts to mixed economic and corporate signals.

Arlington County-based RTX, formerly Raytheon Technologies Corp., unveiled its new name and logo at the Paris Air Show June 19.
Aug 9, 2024

7 Va. companies make 2024 Fortune Global 500

Seven Virginia-based companies made Fortune magazine’s 35th Global 500 list, released Monday. Companies were ranked by total revenues for fiscal years ending on or before March 31. McLean’s Freddie Mac remained the commonwealth’s top-ranked company at No. 88 — up 45 spots from 2023. The government-sponsored home mortgage company reported net income of $10.5 billion […]

Jun 27, 2024

Top Five July 2024

1   |   39 Virginia companies make the 2024 Fortune 1000 Thirty-nine companies headquartered in Virginia are on Fortune magazine’s 70th annual Fortune 1000 list, with 24 Virginia companies again making the elite Fortune 500. (June 4) 2   |  VDOT buys Owens & Minor’s Hanover headquarters for $33.5 million The Virginia Department of […]

Capital One CEO Richard Fairbank stands in front of the company's McLean headquarters. Photo courtesy Capital One Financial
May 24, 2024

Capital One, Walmart end credit card agreement

McLean-based Capital One Financial is no longer the exclusive issuer of Walmart consumer credit cards. The two Fortune Global 500 companies announced Friday that they had ended their consumer card agreement. The announcement follows problems first uncovered in late 2022 and early 2023, according to Reuters reporting. Capital One became the exclusive issuer of Walmart’s […]

Chesapeake Walmart to reopen after deadly shootings
Apr 3, 2023

Chesapeake Walmart to reopen after deadly shootings

Walmart Inc. announced Monday that the Chesapeake store where a night manager killed six workers in November 2022 will reopen April 19, following a 9 a.m. ceremony. The store has been remodeled over the past five months, and it will include an outdoor memorial space, according to Walmart. On Nov. 22, 2022, 31-year-old Andre Bing, […]

DroneUp takes off
Feb 27, 2023

DroneUp takes off

Virginia Beach’s DroneUp LLC is riding the leading edge of the unmanned aerial vehicle industry wave. Founded in 2016, the company, which specializes in commercial drone delivery, flight services and software, has grown its ranks from three to 530 employees. Retail giant Walmart Inc. is a new partner, and DroneUp is close to completing a […]

Law enforcement work the scene of a mass shooting at a Walmart, Wednesday, Nov. 23, 2022, in Chesapeake, Va.
Nov 23, 2022

Chesapeake Walmart shooting raises workplace violence concerns

UPDATED NOV. 27 Late Tuesday, a Chesapeake Walmart manager shot and killed six people, wounded at least six more and then killed himself, police said. According to police and media reports, all six of those slain were Walmart employees and two were killed in the break room. On Wednesday, Walmart’s corporate office released a statement […]

David Guggina head shot. He is wearing a button down shirt and a blazer
Aug 30, 2022

DroneUp appoints second Walmart exec to board

Virginia Beach-based DroneUp LLC has appointed David Guggina, Walmart Inc.’s senior vice president of innovation and automation, to its board of directors, the commercial drone delivery and flight services company announced Monday. “DroneUp has been a key player in making customer delivery via drone a reality for millions of customers across the country,” Guggina said […]

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