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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
== 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. Anchors generally have their rents heavily discounted, and may even receive cash inducements from the centre to remain open.
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