Galyan's opened two lifestyle stores and five mall
anchor stores last year.
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.
In the
last two years, more than 400 of the largest 2,000 malls in the U.S. have shut their doors as «
anchor» tenants (department
stores such as Dillards, JC Penney) have pulled out, causing a cascade of smaller
stores closing up.
To attract the interest of both tourists and local residents, who have multiple shopping options, it will need strong department
store - like
anchors along the lines of Saks Fifth Avenue Off 5th and Neiman Marcus
Last Call.