Target, the Minneapolis-based general merchandise retailer, will open a second store in St. Tammany Parish, occupying space in Mandeville that has been vacant since Stein Mart closed in 2020, Mandeville Mayor Clay Madden said Friday. .
Target has a store in Covington that is undergoing renovations. He also had a store in the Slidell area which was closed in 2018.
The new location, in the Premier Center on US 190, will fill the space that was occupied by Stein Mart before the discount chain declared bankruptcy in 2020 and closed all of its stores.
The departure of Stein Mart and the arrival of Target illustrate the volatility of the retail scene.
Madden said the target will also expand into the nearby space that is currently occupied by a Rack Room Shoes outlet. The Rack Room shoes will move to another space in the mall left vacant when Forever 21 closes.
Stirling Properties, which owns the management and lease contract for the Premier Center, said it could not confirm Target was a new tenant. But spokeswoman Donna Smith confirmed that Rack Room will move to the former Forever 21 location. This will create additional space and create “opportunities to do something different,” Smith said.
Madden said Target had started reviewing Mandeville based on research showing that many customers at its Covington site had Mandeville zip codes. Target stores also performed well when located near Whole Foods, he said.
A Whole Foods store opened in the Premier Center in 2016.
âMandeville sells itself,â Madden said.
The Target store near the old North Shore Square mall in Slidell closed in 2018. At the time, a spokesperson for Target said the company reviews its portfolio every year and when stores are closed, this is usually because of lower profitability.
A former 125,000 square foot Target that has been empty since February 2018 has been purchased, according to Beau Box Commercial Real Estate, which …
The target could not be immediately reached for a comment Friday on the Mandeville store.
But on its website, the company said it was ramping up new store opening and renovations after a record financial performance in 2020 and that it would invest $ 4 billion a year over the next few years.
Maddens said he expected Target to attract more customers than Stein Mart, but did not expect any traffic issues. The mall has ample parking and entrances and exits, he said.
Duplantis Design Group is on the agenda of the Mandeville Zoning Commission on Tuesday seeking exemptions for the location under landscaping and signage requirements.