A.R.E. Manufacturing in Newberg, Ore., teamed up with the Oregon Manufacturing Extension Partnership to apply lean principles to its recruitment and employee-development programs. The result was an on-site training initiative that helped employees to become proficient more quickly.
The Connecticut Center for Advanced Technology hosted its annual Manufacturing Mania event in Southbury, Conn. About 200 students learned about job opportunities and a modern perception of manufacturing.
TriGate Capital has secured a new $69 million refinance loan for the 726,306-square-foot Crossroads of Taylorsville in Taylorsville, Utah. The three-year, floating-rate loan will also provide for tenant improvements and efforts to stabilize the property.
Kohan Retail Investment Group has paid off the more than $277,000 in back real estate taxes, interest and penalties it owed on Virginia Center Commons in Virginia.
Golden Week, a Chinese holiday in which people travel abroad, brought shoppers to Dubai Mall. Mobile payment platform Alipay reported that during Golden Week, 84% of its transactions in the region were from Chinese nationals.
"A confluence of factors are to blame for retail's decline, including burdensome levels of debt, the rise of e-commerce and rapid delivery, shifting consumer preferences and younger generations spending more on experiences rather than on physical goods," write Stuart Eisenberg and David Berline. However, property owners embracing creative concepts and better uses of space are still competitive.
Instacart has received $600 million in additional capital investment from hedge fund D1 Capital Partners, targeted by management to help further the company's North American expansion. This latest investment brings the online grocery delivery company's value to $7.6 billion.
Walmart is positioned well to thrive in the quickly shifting retail landscape, according to company leaders at its annual meeting with investors Tuesday. "We continue to operate with discipline, we're strengthening our cost culture and we're leveraging technology, data and analytics in new ways to be more productive," said Chief Financial Officer Brett Biggs.
Target will open a small-format store in South Burlington, Vt., this week, marking the retailer's first store in the state and giving it a presence in all 50 states. Target will also open seven other small-format stores this week, giving the company 83 stores with its smaller footprint.