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Retail Power Centers
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Retail "power centers" are shopping malls that include several (or more) anchor tenants. each of which operate as a category-killer retailer in the marketplace. "Category killer" retailers seek to dominate a particular category of products or services offering a large number of SKU's (or stock-keeping units) at prices commensurate with a high-volume turnover.
This type of anchor tenant can be contrasted with the traditional department store type that has long anchored regional malls. Department stores have not sought to be category-killers in particular merchandise categories, but rather, to offer a wide array of products (and services) with which to draw a broad group of customers.
The "big idea" in organizing a power center tenant mix, is that each of the anchor stores are in themselves, shopping destinations, capable of attracting customers.
Power centers typically have a limited roster of in-line tenants, since shopper attracting to a power center are typically coming with one trip destination in mind - a particular store - rather than coming to browse as in the case of a typical regional shopping mall.
Related Topics
About Category Killer Stores
About Festival Marketplaces
About Lifestyle Retail Centers
About Mall Entertainment
About Tenant Deal Letters
About Retail Tenant Sign Criteria
About Theme Restaurants and Clubs
About Tenant Store Window Displays
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Stonecreek Partners Resource pages are provided freely and without limitation for personal, private, non-commercial use, and may be linked to as a source page. All resource page information is based on 30 years of practitioner's experience of Stonecreek Partners' principals, in the retail, entertainment, hotel, residential, and commercial real estate industries.
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