Content about Virginia

June 30, 2014

Richard Sharp, 67, the long-time CEO of Circuit City who founded used car retailer CarMax has died of Alzheimer’s disease at his home near Richmond, Va.

Richard Sharp, 67, the long-time CEO of Circuit City who founded used car retailer CarMax has died of Alzheimer’s disease at his home near Richmond, Virginia.

Sharp joined Circuit City in 1982 and served as CEO of the company from 1986 to 2000. Under his leadership, Circuit City enjoyed meteoric growth with sales that increased from $175 million in 1986 to more than $10 billion by 2000. Eight years after he had left the company, Circuit City filed for bankruptcy in 2008 and the following year was liquidated.

June 30, 2014

Richard Sharp, 67, the long-time CEO of Circuit City who founded used car retailer CarMax has died of Alzheimer’s disease at his home near Richmond, Va.

Richard Sharp, 67, the long-time CEO of Circuit City who founded used car retailer CarMax has died of Alzheimer’s disease at his home near Richmond, Virginia.

Sharp joined Circuit City in 1982 and served as CEO of the company from 1986 to 2000. Under his leadership, Circuit City enjoyed meteoric growth with sales that increased from $175 million in 1986 to more than $10 billion by 2000. Eight years after he had left the company, Circuit City filed for bankruptcy in 2008 and the following year was liquidated.

June 17, 2014

Nearly two months after opening up a specialty retail location in New York’s SoHo neighborhood, Under Armour has confirmed that it plans to open in March 2015 its latest Brand House at 600 North Michigan Ave. in Chicago’s Magnificent Mile.

Nearly two months after opening up a specialty retail location in New York’s SoHo neighborhood, Under Armour has confirmed that it plans to open in March 2015 its latest Brand House at 600 North Michigan Ave. in Chicago’s Magnificent Mile.

May 23, 2014

Although Fresh Market’s net sales exceeded Wall Street expectations, the company reported a decrease in profit for the first quarter of fiscal 2014, which it attributed to a slow start to the year brought on by severe weather in the majority of its markets.

Although Fresh Market’s net sales exceeded Wall Street expectations, the company reported a decrease in profit for the first quarter of fiscal 2014, which it attributed to a slow start to the year brought on by severe weather in the majority of its markets.

Net sales increased 18% to $431 million from $366.63 million in the prior-year quarter, while net income fell 25% to $16.57 million from $22.12 million in the prior-year quarter. Same-store sales climbed 2.5%.

March 20, 2014

Supervalu reduced its organizational structure from three divisions to two and name Kevin Kemp president of the east region and Bill Chew president of the west region.

Supervalu reduced its organizational structure from three divisions to two and name Kevin Kemp president of the east region and Bill Chew president of the west region.

The company did not indicate what roles Kemp and Chew played in the organization previously, but did note that the east region will be headquartered in Mechanicsville, VA and the west region will be based in Hopkins, MN near the company’s Eden Prairie headquarters.

March 17, 2014

REI, a leading specialty retailer of outdoor gear and apparel, achieved record annual sales of $2 billion in 2013, up 5.9% from $1.9 billion the previous year, despite a challenging retail environment and severe winter weather.

REI, a leading specialty retailer of outdoor gear and apparel, achieved record annual sales of $2 billion in 2013, up 5.9% from $1.9 billion the previous year, despite a challenging retail environment and severe winter weather.

Comparable store sales, including direct-to-consumer sales, increased 2.9%.

February 11, 2014

Helen Bryan has become the second author in the Amazon Publishing stable of writers to surpass 1 million copies in combined print, audio and Kindle editions.

Helen Bryan has become the second author in the Amazon Publishing stable of writers to surpass 1 million copies in combined print, audio and Kindle editions.

Bryan, author of historical novels "War Brides" (2012) and "The Sisterhood" (2013), follows Amazon Publishing author Oliver Pötzsch over the 1 million threshold.

February 4, 2014

Amazon did a bit of Valentine’s Day data mining of sales of romance novels and sexy music to come up with its fifth annual list of the nation’s top 20 romantic cities. And people are worried about the NSA’s activities?

Amazon did a bit of Valentine’s Day data mining of sales of romance novels and sexy music to come up with its fifth annual list of the nation’s top 20 romantic cities. And people are worried about the NSA’s activities?

December 13, 2013

RadioShack is taking its concept store to Fairfax, Va. The new store is the first concept store in this area and opens its doors Dec. 14.

RadioShack is taking its concept store to Fairfax, Va. The new store is the first concept store in this area and opens its doors Dec. 14.

All concept stores in the company's portfolio feature an upgraded shopping experience, which showcases the company's new look, and incorporates interactive areas designed to help shoppers improve their technology profile. Some features include:

December 2, 2013

Macy’s is kicking off its fifth annual National Believe Day. As part of Macy's nostalgic Believe campaign, which was inspired by the New York Sun's famous editorial "Yes, Virginia, there is a Santa Claus," National Believe Day was created to spread the season's message of kindness and generosity toward others.

Macy’s is kicking off its fifth annual National Believe Day. As part of Macy's nostalgic Believe campaign, which was inspired by the New York Sun's famous editorial "Yes, Virginia, there is a Santa Claus," National Believe Day was created to spread the season's message of kindness and generosity toward others.

October 16, 2013

The Vitamin Shoppe has announced the grand opening of a new distribution center in Ashland, Va., which positions the company for future growth. The new 311,740-sq.-ft. facility began receiving inbound inventory in June and outbound shipments to stores began in September.

The Vitamin Shoppe has announced the grand opening of a new distribution center in Ashland, Va., which positions the company for future growth. The new 311,740-sq.-ft. facility began receiving inbound inventory in June and outbound shipments to stores began in September.

October 4, 2013

Ahold USA-owned supermarket chain Giant Food Stores celebrated its 90th birthday.

Ahold USA-owned supermarket chain Giant Food Stores celebrated its 90th birthday.

The supermarket banner, which operates nearly 200 stores under the Giant and Martin's Food Markets brands in Pennsylvania, Maryland, Virginia and West Virginia, marked its anniversary Friday morning at a store in its hometown of Carlisle, Pa. Customers at all the company's 200 stores will receive free slices of cake and free apple slices Friday.

September 27, 2013

Fast-growing flooring retailer Lumber Liquidators got an unpleasant surprise on Thursday when representatives from several federal agencies showed up at the company’s Toano, Va., headquarter with search warrants in hand.

Fast-growing flooring retailer Lumber Liquidators got an unpleasant surprise on Thursday when representatives from several federal agencies showed up at the company’s Toano, Va., headquarter with search warrants in hand.

August 23, 2013

Russell Athletic brand deployed its brand ambassador and Washington wide receiver Pierre Garcon to three Washington, D.C.-area high schools. Garcon delivered Russell Athletic uniforms to the school's respective football teams.

Russell Athletic brand deployed its brand ambassador and Washington wide receiver Pierre Garcon to three Washington, D.C.-area high schools. Garcon delivered Russell Athletic uniforms to the school's respective football teams.

The teams selected were from Thomas Jefferson (Alexandra, Va.), Theodore Roosevelt (Washington, D.C.) and Springbrook (Silver Spring, Md.).

August 8, 2013

Strong sales in linens, dresses and intimate apparel buoyed Stein Mart’s total sales for the second quarter ended August 3, which increased 3.8% to $290.9 million from $280.4 million for the same quarter last year.

JACKSONVILLE, Fla. — Strong sales in linens, dresses and intimate apparel buoyed Stein Mart’s total sales for the second quarter ended August 3, which increased 3.8% to $290.9 million from $280.4 million for the same quarter last year. 

The company posted a comparable-store sales increase of 6.4% for the quarter. 

August 5, 2013

Small businesses are increasingly embracing mobile and social platform to improve their operational efficiency and promotion, according to the latest findings from local media consulting company BIA/Kelsey’s “Local Commerce Monitor” tracking survey.

CHANTILLY, Va. — Small businesses are increasingly embracing mobile and social platform to improve their operational efficiency and promotion, according to the latest findings from local media consulting company BIA/Kelsey’s “Local Commerce Monitor” tracking survey.

July 9, 2013

Geeknet, the parent company of online retailer ThinkGeek.com, has appointed Julie Pangelinan as the company’s CFO, effective Aug. 12.

FAIRFAX, Va. — Geeknet, the parent company of online retailer ThinkGeek.com, has appointed Julie Pangelinan as the company’s CFO, effective Aug. 12.

Pangelinan has more than 25 years of operations and financial experience, most recently as CFO of Interstate Hotels and Resorts and Sunrise Senior Living.

July 9, 2013

Kroger, already one of the world’s largest retailers, is about to get even larger. The company plans to purchase all outstanding shares of Harris Teeter Supermarkets for $49.38 per share in cash.

CINCINNATI and MATTHEWS, N.C. — Kroger, already one of the world’s largest retailers, is about to get even larger. The company plans to purchase all outstanding shares of Harris Teeter Supermarkets for $49.38 per share in cash. 

The merger agreement not only allows Kroger to expand its brands portfolio but also allows it to expand its market with a complementary base of 212 stores, of which 147 have pharmacies, in Southeastern and mid-Atlantic markets and in Washington, D.C.

July 8, 2013

ThinkGeek.com is taking the merchandise it offers on its e-commerce site to Booth #5541 at the San Diego Comic-Con, from July 17-21.

FAIRFAX, Va. — ThinkGeek.com is taking the merchandise it offers on its e-commerce site to Booth #5541 at the San Diego Comic-Con, from July 17-21.

June 10, 2013

Dollar Tree has promoted Gary Philbin to president and COO. He has served as COO since 2007. Bob Sasser continues to lead the company as its CEO.

CHESAPEAKE, Va. — Dollar Tree has promoted Gary Philbin to president and COO. He has served as COO since 2007. Bob Sasser continues to lead the company as its CEO.

May 23, 2013

Dollar Tree achieved the highest first-quarter operating margin in its history for the first quarter ended May 4.

CHESAPEAKE, Va. — Dollar Tree achieved the highest first-quarter operating margin in its history in the first quarter ended May 4.

Consolidated net sales for the first quarter ended May 4 were $1.9 billion, an 8% increase from $1.7 billion for the quarter ended April 28 last year. The value retailer saw a comparable store sales increase of 2% on top of a 6% increase for the first quarter last year.

March 15, 2013

Safeway president of merchandising, Kelly Griffith, was named to a new operational position, filling a void created by the retirement of EVP of retail operations Bruce Everette.

Safeway president of merchandising, Kelly Griffith, was named to a new operational position, filling a void created by the retirement of EVP of retail operations Bruce Everette.

February 27, 2013

Dollar Tree reported that consolidated net sales for the fourth quarter were $2.25 billion, a 15.4% increase compared with $1.95 billion reported for the quarter ended Jan. 28, 2012.

CHESAPEAKE, Va. — Dollar Tree reported that consolidated net sales for the fourth quarter were $2.25 billion, a 15.4% increase compared with $1.95 billion reported for the quarter ended Jan. 28, 2012. Comparable-store sales increased 2.4%, on top of a 7.3% increase for the fourth quarter 2011.

Earnings per diluted share for the fourth quarter were $1.01, an increase of 26.3% compared with the 80 cents earnings per diluted share reported for the fourth quarter 2011.

February 26, 2013

Consumer confidence in the overall economy and sentiment toward technology both fell again in February, according to the latest figures released by the Consumer Electronics Association.

ARLINGTON, Va. — Consumer confidence in the overall economy and sentiment toward technology both fell again in February, according to the latest figures released by the Consumer Electronics Association.

The CEA Index of Consumer Expectations (ICE), which measures consumer expectations about the broader economy, fell 2.7 points in February to 165.3. Consumer confidence in the overall economy declined for the second consecutive month.

February 19, 2013

Capital One Financial Corp.has reached an agreement to sell the portfolio of Best Buy private label and co-branded credit card accounts, with current loan balances of approximately $7 billion, to Citi.

MCLEAN, Va. — Capital One Financial Corp.has reached an agreement to sell the portfolio of Best Buy private label and co-branded credit card accounts, with current loan balances of approximately $7 billion, to Citi. In addition, Capital One and Best Buy have agreed to end their contractual credit card relationship early.