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Affordable Housing Becomes Scarce in Traverse City
/in Northern Michigan /by Tracy WillisOn May 1, when Governor Gretchen Whitmer signed an exectuive order allowing Michigan’s real estate industry to get back to work, the Traverse City market rocketed. The pent-up high demand for real estate, along with the reconfiguration of social patterns due to remote work created an explosion in real estate demand. However, potential buyers may be priced out of the local market.
Business is Booming in the Retail World For Pets
/in National, SE Michigan /by Tracy WillisSoutheast Michigan-based Pet Supplies Plus has purchased 40 Pet Valu locations in seven states, including Michigan. CEO Chris Rowland expects to top $1 billion in revenue for the second stratight year. With a record year in growth, Pet Supplies Plus plans to add more than 100 locations in 2021.
Successor to Art Van Closes Multiple Locations
/in Northern Michigan, SE Michigan /by Tracy WillisLoves Furniture is shrinking its business footprint due to supply chain issues in Asia, caused by COVID. The company plans to close Michigan stores in Dearborn, Waterford, Port Huron, Livonia, Burton, Saginaw, Bay City, Muskegon, and Petoskey, where it just opened a store on November 7, 2020. Although the company claims that customer demand is high, the company claims it can not fill the inventory needs of the stores.