In retail, an anchor store, or "draw tenant", is one of the larger stores in a shopping mall, usually a department store in a major retail chain, such as Macy's or JCPenney. The Mall of America in Bloomington, Minnesota — the third-largest in the world. ... Interior of a typical Macys department store. ... A Target chain store. ... Macys Department Store on Seventh Avenue in Manhattan Looking down on Macys. ... J. C. Penney Company, Inc. ...
When the planned shopping mall format was developed by Victor Gruen in the 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 stores in the mall as well. Anchors generally have their rents heavily discounted, and may even receive cash inducements from the mall to remain open. In physical configuration, anchor stores are normally located as far from each other as possible to maximize the amount of traffic from one anchor to another. Victor Gruen was an Austrian-born commercial architect who emigrated to the United States. ... // Events and No. ...
Early on, grocery stores were a common type of anchor store, since they are visited often. However, research on consumer behavior revealed that most trips to the grocery store did not result in visits to surrounding shops. As of 2005, the declining popularity of old-line department stores make 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 audience. A shop that sells food, either a Supermarket or a much smaller place. ...
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The loss of an anchor for a mall in Skokie, Illinois
The kind of anchor you probably envision is a temporary anchor, the kind which might be carried aboard a ship or a boat.
The anchor needs to hold the vessel in all weathers, including the most severe storm, but only occasionally, or never, needs to be lifted, only for example if the vessel is to be towed into port for maintenance.
A hand on the anchor line may telegraph a series of jerks and jolts, indicating the anchor is dragging, or a smooth tension indicative of digging in.
In tandem with the changing definition of the anchor is the increased use of "variety and specialty store," which is regularly agreed to be in the 10,000- to 20,000-square-foot range.
Variety and specialty store has the same general impact as the anchorstore, i.e., the square footage, when determining the charge denominator, is deducted from the gross leasable area of the project.
If the landlord has dual definitions of "anchor"stores and "variety and specialty" stores (and particularly in instances when there could be a number of 15,000-plus square-foot tenants) some landlords may be willing to cap the number of tenants which will be deemed to be "variety or specialty" stores.
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