Department Store

Colorado Springs, Colo. -- Addison, Texas-based Coyote Management, L.P. and Garrison Investment Group, through their affiliates, acquired Chapel Hills Mall on June 1, and since have made changes that include a new ad campaign themed “Where to Shop.”

Launched July 1, the campaign offers the message: ‘Shop here because we have what you need’ and is being communicated through radio, television, newspaper, direct mail, in-mall signage, wall graphics and interior and exterior banners.

A new infant through tween apparel line from Gwen Stefani called Harajuku Mini for Target is slated to hits stores this fall, according to various media reports of an interview the singer did with Women’s Wear Daily. Prices are expected to range from $3.99 to $39.99.

Stefani already has an adult line of clothes called Harajuku, so it’s not like Target is taking a flyer on a completely unknown commodity.

Nine of the 21 new store openings Target has planned for this year are scheduled to open on July 24. Among the openings is a new unit in Hilo, Hawaii, the company’s fourth store in Hawaii, two units in San Luis Obispo and Oxnard, Calif. and two units in the Pennsylvania cities of Hanover and Pittsburgh. The Phoenix suburb of Chandler gets a new Target as do Moore, Okla., Kenner, La. And Swansea, Mass.

The openings planned for October are said to included units in San Clemente and Dublin, Ca., Gastonia and Morrisville, N.C., Blue Ash, Ohio and Warwick Township, Pa.

At least one retail analyst saw Target’s Black Friday in July promotion last week as an exercise in creative marketing and evidence that even bigger things could be coming this fall when the retailer ends a relationship with Amazon and brings its online efforts in-house.

Citigroup retail analyst Deb Weinswig said the Black Friday promotion “should also help to reinforce Target as a destination for deals and value ahead of the up-coming back-to-school and holiday seasons.”

Boca Raton, Fla. — Indianapolis-based Simon Property Group announced Monday that lululemon athletica will grand-open a new store at Town Center at Boca Raton on July 22.

Shares of Target are mis-valued at current levels around $50 and could eventually double if the company delivers on plans achieve $100 billion in sales and earnings per share of $8 by 2016 or 2017.

That’s according to Bernstein Research analyst Colin McGranahan who noted in a recent research report that he spent time at Target’s Minneapolis headquarter where he met with chairman, president and CEO, Gregg Steinhafel, CFO Doug Scovanner and EVP merchandising Kathee Tesija.

NEW YORK — Macy's is getting ready for back-to-school season with expansions of current product lines.

Addison, Texas — Coyote Management, L.P. and Garrison Investment Group announced that Lakeshore Mall, in Gainesville, Ga., is undergoing a renovation that includes extensive landscaping upgrades, new branding campaign, banners, directional signage, reopened customer service, gift card program and children’s strollers.

This week, said the companies, the property will begin construction on a new 11’ x 26’ monument sign and over $25,000 in landscaping. The project is scheduled to be complete by the end of July.