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428:, August 7, 1988. Accessed July 10, 2008. "Even as department stores have lost ground to smaller specialty shops, shopping centers with national retailers as anchors continue to outperform those that have only local tenants.... The anchor store has substantial influence - mall plans have been held up until an anchor is firmly in place, and a successful anchor can inspire new development or continued expansion."
107:. They are typically located at the ends of malls, sometimes in the middle. With their broad appeal, they are intended to attract a significant cross-section of the shopping public to the center. They are often offered steep discounts on rent in exchange for signing long-term leases in order to provide steady cash flows for the mall owners. Some examples of anchor stores in the United States are:
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in the early to mid-1950s, signing larger department stores was necessary for the financial stability of the projects, and to draw retail traffic that would result in visits to the smaller shops in the centre as well. Anchors generally have their rents heavily discounted, and may even receive cash
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Since the end of the 20th century, The declining popularity of old-line department stores has made it necessary for mall management companies to consider re-anchoring with other retail alternatives, or mix commercial development with residential development to guarantee a captive clientele.
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Shopping centres with anchor stores have consistently outperformed those without one, as the anchor helps draw shoppers initially attracted to the anchor to shop at other shops in the mall. Thus, a mall which loses its last anchor is often considered to be a
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The challenges faced by the traditional large department stores have led to a resurgence in the use of supermarkets, even
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makes the presence of anchors one of the main defining characteristics of the two largest categories of centres, the
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revealed that most trips to the grocery store did not result in visits to surrounding shops . Large
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typically has two or more anchors, while the superregional typically has three or more.
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were a common type of anchor store, since they are visited often. However, research on
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In each case, the anchors account for 50–70% of the centre's leasable space.
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with more than 800,000 square feet (74,000 m) of space.
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When the planned shopping centre format was developed by
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with 400,000 to 800,000 square feet (74,000 m) in
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383:"Malls Never Wanted Gyms. Now They Court Them"
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67:) displayed on the upper walls
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381:Rachel Bachman (2017-11-27).
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91:", is a considerably larger
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37:, a former anchor store at
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409:. Accessed July 10, 2008.
167:(formerly, now in select
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385:. Wall Street Journal.
356:Shopping Centers Today
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362:on 23 September 2009
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418:Stoffel, Jennifer.
264:gross leasable area
425:The New York Times
401:2007-06-21 at the
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455:Department stores
339:. CREpedia. 2021.
225:consumer behavior
197:Saks Fifth Avenue
129:Saks Fifth Avenue
61:Kmart New Zealand
16:(Redirected from
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313:Supermarket
85:draw tenant
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439:Categories
319:References
266:, and the
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291:dead mall
235:however.
193:Marshalls
185:HomeSense
173:Nordstrom
147:. And in
133:Dillard's
121:Nordstrom
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399:Archived
297:See also
117:JCPenney
284:Culture
207:Origins
189:Winners
165:Zellers
141:Walmart
87:", or "
57:Dunedin
303:Retail
161:Target
149:Canada
145:Target
143:, and
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