Norfolk approves big box store development at Wards Corner site where Target sought [Yahoo! Finance]
Kroger Company (The) (KR)
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Source: Yahoo! Finance
Neither the retail giant nor the city have confirmed Target will fill the space formerly occupied by a Kroger, Work Force Development Center and Virginia Ham store. However, the council's Tuesday vote follows years of negotiations between Virginia Beach developer Kotarides Cos. and Target to bring a store to the Wards Corner location. Civic league officials previously confirmed Target was being considered for the location, and the colors and designs submitted to council are consistent with Target's branding. Council member Tommy Smigiel said he (and his family) were especially excited for his vote to approve the plans Tuesday night. “I think it's a great economic development project for Wards Corner,” Smigiel said. Kotarides Cos. described the business in its development application as a “large, high-quality general merchandise retail store that will include a grocery. The proposed retailer has a national footprint with stores in all 50 states and over $1 billion in sales for
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KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form 4
- KR's page on the SEC website