This was before
the Sears anchor store closed down a few months ago so they may have shelved their plans.
Not exact matches
Dozens of malls have closed in the last 10 years, and many more are at risk of shutting down as retailers like Macy's, JCPenney, and
Sears — also known as
anchor stores — shutter hundreds of
stores to staunch the bleeding from falling sales.
A major mall
anchor for decades, last month's announcement that the department
store would be selling back the leases on many of its biggest locations, including its flagship
store in Toronto's Eaton Centre, doesn't make
Sears's future seem very rosy.
The five top department -
store operators whose branches
anchor so many malls — Macy's m, Penney, Kohl's kss, Dillard's, and
Sears Holdings shld — have together closed some 750
stores since 2013, or 20 % of their fleets, and analysts think the Honey, I Shrunk the Retailer trend will continue.
Traditional mall
anchors, such as Macy's, J.C. Penney and
Sears, have announced numerous
store closings in recent months.
Having said that, the mall is in a serious predicament, as
Sears continues to be that dead
anchor store walking, but now there's the possibility of another
anchor store going under, as my local Bergners department
store is part of Bon Ton
stores which filed for bankruptcy and is facing possible liquidation.
Two notable cases were Macy's and
Sears, traditional
anchor tenants of US shopping malls, which each announced the closure of more than 100
stores.
The
anchor stores like Macy's, JC Penney's,
Sears are under pressure and closing
stores.
The center's
anchor stores include Macy's, Macy's Men's, Children & Home, JCPenney,
Sears and Edwards 15 Cinemas.
The center's
anchor stores include Macy's, Macy's Men's, Children & Home, JCPenney,
Sears and Regal Edwards 15 Cinemas.
In the Mills» other proposed renovations to the portfolio, The Galleria at White Plains will get a new
Sears anchor to accompany the existing Macy's location, as part of a repositioning that complements nearby mall The Westchester; two department
stores will be added to Borward Mall, meanwhile.
Simon has 118 Penney
stores totaling 17 million square feet in its malls, ranking it third behind
Sears and Federated among Simon
anchors.
Janesville Mall is a 614,658 sq. ft. mall
anchored by
Sears, JCPenney, Kohl's and Boston
Store.
Anchors at the malls range from JCPenney to
Sears and Mervyn's and average mall
store sales range between $ 290 and $ 331 per square foot for the three malls.
The 1.7 million sq. ft. center, which is
anchored by
Sears, JCPenney and Liberty House, will grow 296,000 sq. ft. by fall 1998 with the addition of a 160,000 sq. ft. Neiman Marcus
store and 136,000 sq. ft. of «lifestyle» retail.
As longtime mall
anchors J.C. Penney,
Sears, and Macy's falter, shopping mall owners are looking to grocery
stores, restaurants, fitness centers, and even health care clinics as chief drivers of foot traffic.
- ft.
store joins Kaufmann's,
Sears and JC Penney as mall
anchors, with a fifth planned.
- ft. regional mall, for $ 324 per sq. ft. Macy's, Kohl's, JC Penney and
Sears, along with the Boston
Store,
anchor the center.
The 1.6 million sq. ft. superregional mall, purchased from Chicago - based LaSalle Street Fund, is
anchored by Foley's, Dillard's,
Sears and JCPenney, and features more than 150 specialty
stores and 17 restaurants.
The center is
anchored by
Sears, Proffitt's
Store for Men, Kids & Home, Proffitt's for Her, JCPenney and Goody's.
Sears (excluding freestanding) has primarily
anchor store locations.
Sears had already been planning to downsize in Orland Park, where it's been an
anchor store since the mall opened in 1976.
For the mall landlords such as Santa Monica, California - based Macerich, the partnerships allow them to redevelop the
anchor stores and add new tenants who would pay higher rent than
Sears and also may draw more shoppers to the properties.
Essex Green is a 352,000 sq. ft. open - air shopping center
anchored by Sterns department
store,
Sears Hardware, Petco, General Cinema and Shop Rite.
Measuring 1.3 million sq. ft., the two - level Independence Center Mall is
anchored by Dillards, The Jones
Store and
Sears.
Originally opened in 1963 with just 20
stores, the mall was expanded over the years to include 110 specialty
stores as well as
anchors JCPenney, Dillard's, McRae's and
Sears.
The 1.8 million sq. ft., one - level, superregional center is
anchored by department
stores Dillard's, Famous - Barr, JCPenney and
Sears and big - box tenants Service Merchandise, Toys «R» Us, Kids «R» Us and OfficeMax.
Big department
stores, such as J.C. Penney,
Sears and Macy's, occupy some two - thirds of
anchor space.
The Stoneridge Shopping Center
anchors are Macy's men's and children's
store, Macy's women's
store, Nordstrom,
Sears and J.C. Penney.