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  • Walmart goes on the offense against shoplifting

    Walmart has launched an unusual program to combat crime in its stores.   In an experiment, the chain is dealing with shoplifters on its own terms through an initiative called “Restorative Justice,” Time.com reported.  

  • Report: Back-to-school spending to jump 33%

    Shoppers are opening their pocketbooks for back-to-school spending this year.   Parents expect to spend an average of $1,642 on back-to-school expenses this year, up significantly from $1,239 in 2015, according to the American Express Spending & Saving Tracker report.   Parents are expected to spend more on musical instruments this ($267 vs. $194 in 2015), along with mobile devices ($172 vs. $125 in 2015).   

  • Market Profile: Detroit’s new model is revved and ready to roll

    To understand the current state of the Detroit real estate market, and to appreciate how and why Detroit is such a hot market today, we have to look to the past. Historical context is crucial here because, more than most cities, the story of Detroit is the story of a city shaped by its past. In many cases, the building blocks of today’s development boom are being literally and figuratively laid across foundations that were laid years ago.  

  • Construction employment on the rise, but qualified workers hard to find

    Hard hats are in big demand, as construction employment increased in 228 out of 358 metro areas in the last year.   According to a report just issued by the Associated General Contractors of America, which measured construction employment between June 2015 and June 2016, the status remained unchanged in 48 metro areas and dipped in 82 areas in the June-to-June timeframe.  

  • Rachael Ray, Rite Aid announce $25K donation to Detroit's Downtown Boxing Gym Youth Program

    The Rite Aid Foundation's KidCents program announced Wednesday a $25,000 donation to the Downtown Boxing Gym Youth Program, a Detroit-based nonprofit that empowers Detroit youth to be positive and productive members of society through education, athletics, mentorship and intervention.  

  • Veteran Walmart executive dies at 82

    Influential and longtime Walmart executive Don Soderquist died after complications related to heart surgery. He was 82.   Soderquist joined Walmart in 1980 as executive VP of administration and logistics and was a driving force behind the company’s growth. From 1988 to 1999, he served as vice chairman and COO. He retired in 2000 and remained on the Walmart board until 2002.   

  • Mandese named to direct Gainesville redevelopment

    Central Florida developer Butler Enterprises named Joey Mandese its director of development. He will oversee all elements — from design through construction--of the redevelopment of Butler Town Center, a Main Street-style, mixed-use complex going up in Gainesville.   Formerly the owner of a construction business in Gainesville, Mandese studied architecture for two years before earning a degree in building construction and the University of Florida.   

  • NRF: back-to-school spending to reach $75.8 billion

    With back-to-school spending on a “stock up” cycle rather than a “make do” cycle, total spending for K-12 and college school supplies is expected to reach $75.8 billion, up from last year’s $68 billion, according to the National Retail Federation’s annual survey conducted by Prosper Insights and Analytics.   
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