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{{short description|Larger tenant in a shopping mall, often a department store or retail chain}}
[[Image:Nordstrom.JPG|right|thumb|[[Nordstrom]], a former anchor store at [[The Florida Mall]] located in [[Orlando, Florida]]
[[Image:MeridianDunedin.jpg|thumb|right|[[Meridian Mall, Dunedin|Meridian Mall]] in [[Dunedin]], New Zealand, with the logos of the two anchor tenants ([[Kmart New Zealand]] and [[Arthur Barnett (department store)|Arthur Barnett]]) displayed on the upper walls]]
In North American, Australian and New Zealand [[retail]], an "'''anchor tenant'''", sometimes called an "'''anchor store'''", "'''draw tenant'''", or "'''key tenant'''", is a considerably larger [[Leasehold estate|tenant]] in a [[shopping mall]], often a [[department store]] or [[Chain store|retail chain]].<ref>{{Cite dictionary|title=Anchor Tenant|url=https://www.crepedia.com/dictionary/definitions/anchor-tenant/ |year=2021|publisher=CREpedia|dictionary=Commercial Real Estate Dictionary}}</ref> 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 are often 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]], [[Dillard's]], [[Kohl's]], [[Walmart]], and [[Target Corporation|Target]]. And in [[Canada]]; [[Hudson's Bay (department store)|Hudson's Bay]], [[Sears Canada|Sears]] (formerly), [[Target Canada|Target]] (formerly), [[Zellers]] (formerly, now in all [[Hudson's Bay (department store)|Hudson’s Bay]] locations), [[Nordstrom Canada|Nordstrom]]/[[Nordstrom Rack]] (formerly), [[TJX Canada|TJX Companies]] ([[HomeSense]], [[Winners]], [[Marshalls]]), [[Saks Fifth Avenue|Walmart, Saks Fifth Avenue]], [[Sporting Life (retailer)|Sporting Life]].
== Origins ==
When the planned shopping centre format was developed by [[Victor Gruen]] in the early to mid-1950s, signing larger department stores was necessary for the financial stability of the projects, and to draw retail traffic that would result in visits to the smaller shops in the centre as well.
Early on, [[grocery store]]s were a common type of anchor store, since they are visited often. However, research on [[Consumer behaviour|consumer behavior]] revealed that most trips to the grocery store did not result in visits to surrounding shops {{Citation needed|date=October 2021}}. Large [[Supermarket|supermarkets]] remain common anchor stores within [[Power center (retail)|power centers]] however.
The challenges faced by the traditional large department stores have led to a resurgence in the use of supermarkets,<ref>{{Cite web |last=Kroll |first=Karen M. |date=February 1999 |title=Industry turns to supermarket anchors to fill big boxes |url=http://www.icsc.org/srch/sct/sct9902/02.php |archive-url=https://web.archive.org/web/20090923212001/http://www.icsc.org/srch/sct/sct9902/02.php |archive-date=23 September 2009 |work=Shopping Centers Today |access-date=9 May 2017}}</ref>
== Classification ==
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