Anchor Store
a popular, major retailer located within a shopping mall to attract mall patronage. | ||||
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Anchor Store definition was found in categories: Business & Finance(2) Encyclopedia(1)
Anchor Store Definition from Business & Finance Dictionaries & Glossaries
| Raynet Business & Marketing Glossary |
Anchor Store
in retail the major retail outlet in a retail park or regional shopping centre e.g. John Lewis, House of Fraser, Debenhams.
in retail the major retail outlet in a retail park or regional shopping centre e.g. John Lewis, House of Fraser, Debenhams.
| Sean_Woo's Finance,GIS & Real Estate Glossary |
anchor store
the store whose retailing reputation and name help identify the center's character, define its main clientele, and draw a core of consumers
the store whose retailing reputation and name help identify the center's character, define its main clientele, and draw a core of consumers
Anchor Store Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Anchor store
In retail, an anchor store or draw tenant is one of the larger stores in a shopping mall, usually a department store or a major retail chain.
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.
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