Anchor tenant

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In North American, Ireland, United Kingdom, Australian and New Zealand retail, an anchor tenant, sometimes called an anchor store, draw tenant, or key tenant, is a considerably larger tenant in a shopping mall, often a department store or retail chain. 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. Often, these plots are offered steep discounts on rent in exchange for signing long-term leases in order to provide steady cash flows for the mall owners and attract passing trade to smaller tenants. Some examples of anchor tenants in the United Kingdom are John Lewis & Partners, Marks and Spencer, Next, Primark, House of Fraser and Selfridges in fashion-oriented shopping centers. In the United States, these could be Macy's, Sears, JCPenney, Nordstrom, Bloomingdale's, Neiman Marcus, Saks Fifth Avenue, Dick's Sporting Goods, Dillard's, Kohl's, Walmart...

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