Sentences with phrase «more anchor stores»

They were lucky to find a buyer for any of it, 2 more anchor stores to go.

Not exact matches

But fewer «anchor stores» in malls also spells even more trouble for specialty stores like Gap and Abercrombie & Fitch.

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.

Two of Simon's three top tenants, Gap Inc. and Abercrombie & Fitch, have closed hundreds of stores in the past two years and have announced more to come; anchor department stores are shutting their spaces too.

Simon Property Group, the nation's largest mall operator, essentially invented the department - store anchor model, and did more than any other company to popularize it.

It became frustrating to watch the anchor stores leave and the area become more and more economically depressed, Richard Rhodes, the president and CEO of ACC said in an interview.

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.

With so many big anchor stores closing in malls throughout America,... READ MORE >

Anchored by Saks Fifth Avenue and Nordstrom, the center is home to more than 60 stores including Gucci, Louis Vuitton, Tiffany & Co., Burberry, Ralph Lauren and MaxMara.

Ideally situated on the busiest transportation corridor in the province of Alberta, the Queen Elizabeth II Highway, the innovative 1.2 million - square - foot shopping centre is the largest single level shopping centre in Alberta, with 17 large format anchors and more than 200 specialty stores and premium brand outlets.

Visit The Copeland Company Store in Bradford, VT March 9 - 24, congratulate them for being an anchor business that strengthens the Bradford... more

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.

In general in the industry, you are seeing more junior anchors, you possibly will see fewer department stores, and you will see other uses.

Strip centers and power centers have never made more than occasional use of the device, primarily because the anchors those centers need won't agree to significant percentage structures and smaller in - line stores do not report sales in ways that facilitate percentage rents.

Its decline took decades, as department store anchors slowly departed for a more upscale mall nearby.

By distributing the big boxes across the site plan along with the five department stores, the final design includes 20 exterior mall entrances, at least five more than a conventional five - anchor mall.

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.

But with anchor tenants that open mall owners to the risk of defaulting on their CMBS loans, store closures present even more of a ch...

It is more than 90 percent occupied and anchored by Ikea, Macy's and Target stores, the brokerage said.

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.

The first expansion occurred in 1972 when the mall added JCPenney as a third anchor, as well as 43 more specialty stores.

When the redevelopment is completed, the mall will have five anchors and more than 80 retail stores and restaurants.

In general shopping continues to become more experiential with a focus on eating and being entertained; however, grocery and drug store anchored centers remain productive and in high demand.

Just in time to give more credence to the idea that mall landlords should give Apple stores anchor status, new research claims the chain accounted for an astounding one - fifth of all sales growth by U.S. publicly...