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Family Video Pivots Once Again
/1 Comment/in Outstate, SE Michigan /by Tracy WillisFamily Video will close about 60 Michigan locations in the next month. A decline in foot traffic and new movie releases due to COVID-19 has contributed to the closures. However, the owners will still be in the game because they own the underlying real estate. The strategy of purchasing corner properties located in close proximity to neighborhood traffic has made the properties highly desirable for future tenants.
Courthouse Grille Slated to be Demolished – Again!
/in SE Michigan /by Tracy WillisPlymouth township residents want the former Courthouse Grille demolished, sooner rather than later. Development companies have made plans in the past, but ultimately backed out. Hope is on the horizon with District Capital Detroit’s plan to build a multi-story residential complex.
Macy’s Announces More Store Closings
/in National /by Tracy WillisMacy’s will close 45 stores nationwide by the middle of 2021. These closures come on the heels of the company’s February 2020 announcement of their plans to cut 2,000 jobs and close roughly 125 locations. The company received a credit line of $3.15 billion in June of 2020 which has allowed it to survive the impact of COVID-19. The timing of the store closings may be adjusted as Macy’s monitors its recovery from the pandemic and the performance of its competitors.