Anchor tenant in the context of "Dillard's"

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⭐ Core Definition: Anchor tenant

In North American, Ireland, United Kingdom, Australian and New Zealand 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. 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 often are 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 Macy's, Sears, JCPenney, Nordstrom, Neiman Marcus, Saks Fifth Avenue, Dick's Sporting Goods, Dillard's, Kohl's, Walmart, and Target. Canadian examples are Nordstrom, TJX Canada (HomeSense, Winners, Marshalls), Walmart, Saks Fifth Avenue, and Sporting Life. Anchor stores that left Canada include Zellers, Hudson's Bay, Nordstrom Rack, Sears, and Target.

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Anchor tenant in the context of Shopping mall

A shopping mall (or simply mall) is a large indoor shopping center, usually anchored by department stores. The term mall originally meant a pedestrian promenade with shops along it, but in the late 1960s, it began to be used as a generic term for the large enclosed shopping centers that were becoming increasingly commonplace. In the United Kingdom and other countries, shopping malls may be called shopping centres.

In recent decades, malls have declined considerably in North America, partly due to the retail apocalypse, particularly in subprime locations, and some have closed and become so-called "dead malls". Successful exceptions have added entertainment and experiential features, added big-box stores as anchors, or converted to other specialized shopping center formats such as power centers, lifestyle centers, factory outlet centers, and festival marketplaces. In Canada, shopping centres have frequently been replaced with mixed-use high-rise communities. In many European countries and Asian countries, shopping malls continue to grow and thrive.

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Anchor tenant in the context of Power center (retail)

A power center or big-box center (known in Canadian and Commonwealth English as power centre or big-box centre) is a shopping center with typically 250,000 to 600,000 square feet (23,000 to 56,000 m) of gross leasable area that usually contains three or more big box anchor tenants and various smaller retailers, where the anchors occupy 75–90% of the total area.

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Anchor tenant in the context of 10 Hudson Yards

10 Hudson Yards, also known as the South Tower, is an office building that was completed in 2016 on Manhattan's West Side. Located near Hell's Kitchen, Chelsea and the Penn Station area, the building is a part of the Hudson Yards urban renewal project, a plan to redevelop the Metropolitan Transportation Authority's West Side Yard. Coach New York is the anchor tenant. During planning, the tower was known as Tower C.

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