Discount chain to open four Detroit stores

According to the story:

Philadelphia-based discount retailer plans to open four stores in the city of Detroit over the next several years, creating as many as 1,000 jobs. Forman Mills Clothing Factory Warehouse expects to open its first Detroit store at Eight Mile and Van Dyke in late March.

Forman Mills decided to invest in Detroit after it discovered a lack of discount retailers, said spokesman Frederick Marx, a partner at Marx Layne & Co. in Farmington Hills. "Detroit has been an overlooked market," Marx said. "We're hoping to widen the retail arena and bring it into underserved areas."


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