Richmond Va Business Blog

In the early 1990s, seeking to find a new retail opportunity, Circuit City CEO Richard Sharp and Vice President of Corporate Planning Austin Ligon developed the concept for CarMax. In December of 1991 the Circuit City made a wise investment of $50 million to fund the concept. The first CarMax store was opened in Richmond in September of 1993. The first sale was a 1993 Jeep Grand Cherokee. By 1996 Car Max announces...

In the reconstruction period which followed the American Civil War, Richmond began to dominate the South from a commercial and industrial perspective.  The drug wholesaling industry was no exception and Richmond boasted five wholesale drug operations with only New Orleans presenting any real competition.  In this market there were two rival salesmen; Otho O. Owens and G. Gilmer Minor who joined forces in a p...

When John and Sherry Petersik moved to Richmond from Manhattan in 2006, they began the transformation of their first house. Young, energetic and terribly creative, they began chronicling that transformation on their blog: Young House Love. A blog they describe as “Two Young People Falling in Love with Their First House.” They developed a loyal and enthusiastic following by 2008 and opened their own online shop ...

The day before Mother’s Day is traditionally the most busy for any florist.  Combine that with the seasonal proms, wedding and graduations, and a florist will find their business booming.  Or in this case, forgive the pun, blooming. Richmond-based Strange's Florist has been meeting the May challenge for nearly eighty years.  With the disappearance of such Richmond landmark business names as Ukrops, Thai...

“Mommy, I’m sick” sends panic into working Moms and Dads with pre-school and elementary school children.  Inevitably it turns into a discussion of whose turn it is to stay home with the child.  But what if neither parent can afford to take the time from work?  Or what about single parents?  Parents in Richmond have had an option for just that type of situation for over twenty years.  Richmond based Rainbow ...