Business Briefs: J. Crew Factory comes to Hamilton Place Mall

Business Briefs: J. Crew Factory comes to Hamilton Place Mall

July 25th, 2014 by Associated Press and Staff Report in Business Around the Region

Hamilton Place mall in Chattanooga is owned by CBL. Staff File Photo

J. Crew Factory comes to Hamilton Place Mall

J. Crew Factory will open a 5,652-square-foot store at Hamilton Place Mall later this year.

CBL & Associates Properties, which owns Hamilton Place, announced the new store Thursday as the latest among more than 20 apparel retailers in the East Brainerd shopping complex. The outlet will feature ready-to-wear pieces, bold-colored basics and casual classics for men and women and also include crewcuts, the brand's coveted children's line featuring "mini me" looks in sizes 2 to 14.

Dan Wolfe, general manager for Hamilton Place, said J. Crew "is an excellent match for our shoppers and has been at the top of our 'must-have' list for some time. We believe shoppers are going to love this value-oriented, fashion forward retailer."

Earlier this month, Destination XL opened at Hamilton Corner, followed by Happy Cakes at The Shoppes, and just this week Chicken Salad Chick opened at Gunbarrel Pointe.

Mortgage rates near yearly low

Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.

Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan was 4.13 percent, unchanged from last week. The average for the 15-year mortgage, a popular choice for people who are refinancing, edged up to 3.26 percent from 3.23 percent last week.