NewsLocal News

Actions

Family Video reduces its size in Lansing

CORP-Digital-Default-Image-1280x720-WSYM.png
Posted at 4:14 PM, Jun 28, 2019
and last updated 2019-06-28 16:14:53-04

Family Video is not saying good-bye to Lansing, but it is downsizing.

The Family Video on Waverly Road is closing.

However, the Chicago-based company say it is not due to sales.

The company reports that its bottom line has been doing well even in this era of new technology, specifically streaming ,which has impacted Family Video's business competitors.

The company believes in owning retail location properties.

With this business practice they have the ability to lease a location to a tenant.

That tenant has the potential of bringing in additional revenue to Family Video.

This is the plan for the company's location at at 105 N. Waverly Rd.

The company says their new tenant plans to use the entire space.

Its last day of operation is currently being negotiated with the new tenant, but the company expects the store to shutter its doors no later than August.

The Waverly location opened in 1998, but the company still has three other locations in Lansing.

Stay in touch with us anytime, anywhere.

Download our free app for Apple and Android

and

Sign up for newsletters emailed to your inbox.

Select from these options: Breaking News, Severe Weather, School Closings, Daily Headlines and Daily Forecasts.

Follow us on Twitter

Like us on Facebook