The challenges faced by the traditional large department stores have led to a resurgence in the use of supermarkets, even gyms, as anchors. Large supermarkets remain common anchor stores within power centers however.Īs of 2005, the declining popularity of old-line department stores 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. However, research on consumer behavior revealed that most trips to the grocery store did not result in visits to surrounding shops. Anchors generally have their rents heavily discounted, and may even receive cash inducements from the centre to remain open.Įarly on, grocery stores were a common type of anchor store, since they are visited often. When the planned shopping centre format was developed by Victor Gruen 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. And in Canada Hudson's Bay, Sears (formerly), Target (formerly), Zellers (formerly, now in select Bay locations), Nordstrom/ Nordstrom Rack (formerly), TJX Companies ( HomeSense, Winners, Marshalls), Saks Fifth Avenue, Sporting Life. Some examples of anchor stores in the United States are: Macy's, Sears, JCPenney, Nordstrom, Neiman Marcus, Saks Fifth Avenue, Dillard's, Kohl's, and Target. 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. With their broad appeal, they are intended to attract a significant cross-section of the shopping public to the center. They are typically located at the ends of malls, sometimes in the middle. In retail, an " anchor tenant", sometimes called an " anchor store", " draw tenant", or " key tenant", is a considerably larger tenant in a shopping mall, often a department store or retail chain. 25.Meridian Mall in Dunedin, New Zealand, with the logos of the two anchor tenants ( Kmart New Zealand and Arthur Barnett) displayed on the upper walls 23 in Boston, includes a show by Lenny Kravitz on Aug. Microsoft typically hosts a free concert for store openings to attract interest and build excitement. A ranking by RetailSails shows that Apple Stores, which enjoy a cultlike following, generate more sales per square foot than any other top U.S. Apple has two local stores - at International Plaza and at Westfield Brandon. There are no immediate plans to bring a Microsoft Store to the Tampa Bay area. The next 1,200 in line will receive concert wristbands. The first 200 shoppers will receive wristbands to a free concert and meet-and-greet with Flo Rida starting at 2 p.m. The stores are sleek and airy with hardwood floors, work stations and friendly employees in bright-colored shirts.Īs part of the opening day festivities, Microsoft will have a ribbon-cutting at 9:30 a.m., gift bag giveaways, discounts on products and an appearance by Hall of Fame quarterback Dan Marino, who will play Kinect with customers at 6 p.m. Nine others are in the works, including in Boston and Cincinnati. The Orlando store, at 8001 S Orange Blossom Trail, marks Microsoft's 22nd location nationwide. Customers can attend tech training in the store's theater space and seek help at the Answer Desk, Microsoft's version of Apple's Genius Bar. The store sells Windows 7 PCs, Windows Phones, Kinect for Xbox 360, Office 2010 and other Microsoft products. today at the Florida Mall in Orlando, steps away from the shopping center's Apple Store. ORLANDO | Hoping to duplicate Apple's success, Microsoft continues to open retail stores in select locations, including its first in Florida.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |