Retail Park
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Retail Park
A retail park is a type of shopping centre found on the fringes of most large towns and cities in the United Kingdom and other European countries. They form a key aspect of European retail geographies, alongside indoor shopping centres, standalone stores like hypermarkets and more traditional high streets. Cushman & Wakefield define a retail park as any shopping centre with mostly retail warehouse units, of a size or larger. Retail parks have a number of retailers in a single location, but as opposed to an indoor centre, there is no roof and they aren't therefore weather-proof. History Retail parks originate from out of town retail location containing big box retailers which are not suited to pedestrianised high streets, such as garden centres, home stores supermarkets. More recently, many high street retaillers have moved to retail parks, since retail parks offer cheaper rents and cheaper parking for customers. For example, in the UK, Marks and Spencer and Next have closed ...
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Power Center (retail)
A power center or big-box center (known in Canadian and Commonwealth English as power centre or big-box centre) is a shopping center with typically of gross leasable area that usually contains three or more big box anchor tenants and various smaller retailers, where the anchors occupy 75–90% of the total area. Origins and history 280 Metro Center in Colma, California is credited as the world's first power center. Available through ProQuest Central. In 1986, local real estate developer Merritt Sher opened 280 Metro Center next to Interstate 280 as an open-air strip shopping center dominated by big-box stores and category killers. As originally constructed, 280 Metro Center featured of gross leasable area on a 33-acre (13.3 ha) lot, Available via ProQuest ABI/INFORM Collection. which was home to seven anchor tenants, 27 smaller shops, and a six-screen movie theater. The original seven anchors were Federated Electronics, The Home Depot, Herman's Sporting Goods, Marshall ...
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Shopping Center
A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. The first known collections of retailers under one roof are public markets, dating back to ancient times, and Middle Eastern covered markets, bazaars and souqs. In Paris, about 150 covered passages were built between the late 18th century and 1850, and a wealth of shopping arcades were built across Europe in the 19th century. In the United States, the widespread use of the automobile in the 1920s led to the first shopping centers of a few dozen shops that included parking for cars. Starting in 1946, larger, open air centers anchored by department stores were built (sometimes as a collection of adjacent retail properties with different owners), then enclosed shopping malls starting with Victor Gruen's Southdale Center near Minneapolis in 1956. A shopping mall ...
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Neighborhood Shopping Center
A neighborhood shopping center (Commonwealth English: neighbourhood shopping centre) is an industry term in the United States for a shopping center with of gross leasable area In architecture, construction, and real estate, floor area, floor space, or floorspace is the area (measured as square feet or square metres) taken up by a building or part of it. The ways of defining "floor area" depend on what factors of the buil ..., typically anchored by a supermarket and/or large drugstore. Versus other formats *Community centers: Slightly larger centers with general merchandise or convenience- oriented offerings are termed as community centers or large neighborhood centers by the ICSC (International Council of Shopping Centers), who state that they typically have a "wider range of apparel and other soft goods offerings than neighborhood centers. The center is usually configured in a straight line as a strip, or may be laid out in an L or U shape, depending on the site and design." ...
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Power Center (retail)
A power center or big-box center (known in Canadian and Commonwealth English as power centre or big-box centre) is a shopping center with typically of gross leasable area that usually contains three or more big box anchor tenants and various smaller retailers, where the anchors occupy 75–90% of the total area. Origins and history 280 Metro Center in Colma, California is credited as the world's first power center. Available through ProQuest Central. In 1986, local real estate developer Merritt Sher opened 280 Metro Center next to Interstate 280 as an open-air strip shopping center dominated by big-box stores and category killers. As originally constructed, 280 Metro Center featured of gross leasable area on a 33-acre (13.3 ha) lot, Available via ProQuest ABI/INFORM Collection. which was home to seven anchor tenants, 27 smaller shops, and a six-screen movie theater. The original seven anchors were Federated Electronics, The Home Depot, Herman's Sporting Goods, Marshall ...
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Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision ...
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Strip Mall
A strip mall, strip center or strip plaza is a type of shopping center common in North America where the stores are arranged in a row, with a sidewalk in front. Strip malls are typically developed as a unit and have large parking lots in front. Many of them face major traffic arterials and tend to be self-contained with few pedestrian connections to surrounding neighborhoods. Smaller strip malls may be called mini-malls, while larger ones may be called power centers or big box centers. In 2013, ''The New York Times'' reported that the United States had 65,840 strip malls. In 2020, ''The Wall Street Journal'' wrote that in the United States, despite the continuing retail apocalypse starting around 2010, investments and visitor numbers were increasing to strip malls. In the United Kingdom and Ireland, strip malls are called retail parks or retail outlets. They are usually located on the outskirts of most towns and cities, and serve as an alternative to the High Street in the UK ...
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Festival Marketplace
A festival marketplace is a European-style shopping market in the United States. It is an effort to revitalize downtown areas in major US cities begun in the late 20th century. Festival marketplaces were a leading downtown revitalization strategy in American cities during the 1970s and 1980s. The guiding principles are a mix of local tenants instead of regional or national chain stores, design of shop stalls and common areas to energize the space, and uncomplicated architectural ornament in order to highlight the goods. List of festival marketplaces * Aloha Tower Marketplace — Honolulu, Hawaii * Arizona Center — Phoenix, Arizona * Bandana Square — Saint Paul, Minnesota * Bayside Marketplace — Miami, Florida * Cambridgeside Galleria — Cambridge, Massachusetts * Canalside — Buffalo, New York * Catfish Town — Baton Rouge, Louisiana * The Continent — Columbus, Ohio * Cray Plaza — Saint Paul, Minnesota * Faneuil Hall — Boston, Massachusetts * Festival Market — ...
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Lifestyle Center
A lifestyle center (American English), or lifestyle centre (Commonwealth English), is a shopping center or mixed-used commercial development that combines the traditional retail functions of a shopping mall with leisure amenities oriented towards upscale consumers. Lifestyle centers were first labeled as such by Memphis developers Poag and McEwen in the late 1980s emerged as a retailing trend in the late 1990s. Sometimes labeled boutique malls or an ersatz downtown, they are often located in affluent suburban areas. History The proliferation of lifestyle centers in the United States accelerated in the 2000s, growing in number from 30 in 2002 to 120 at the end of 2004. They lie on the upscale end of commercial development, with discount-based outlet malls on the low. Design Lifestyle centers typically require less land and may generate higher revenue margins, generating close to $500 per square foot, compared to an average of $330 per square foot for a traditional mall, accordi ...
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Big-box Store
A big-box store (also hyperstore, supercenter, superstore, or megastore) is a physically large retail establishment, usually part of a chain of stores. The term sometimes also refers, by extension, to the company that operates the store. The term "big-box" references the typical appearance of buildings occupied by such stores. Commercially, big-box stores can be broken down into two categories: general merchandise (examples include Walmart, Target, and Kmart), and specialty stores (such as The Home Depot, Barnes & Noble, or Best Buy), which specialize in goods within a specific range, such as hardware, books, or consumer electronics, respectively. In the late 20th and early 21st centuries, many traditional retailers and supermarket chains that typically operate in smaller buildings, such as Tesco and Praktiker, opened stores in the big-box-store format in an effort to compete with big-box chains, which are expanding internationally as their home markets reach maturity. The ...
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Tesco
Tesco plc () is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England. In 2011 it was the third-largest retailer in the world measured by gross revenues and the ninth-largest in the world measured by revenues. It has shops in Ireland, the United Kingdom, the Czech Republic, Hungary and Slovakia. It is the market leader of groceries in the UK (where it has a market share of around 28.4%). Tesco has expanded globally since the early 1990s, with operations in 11 other countries in the world. The company pulled out of the US in 2013, but continues to see growth elsewhere. Since the 1960s, Tesco has diversified into areas such as the retailing of books, clothing, electronics, furniture, toys, petrol, software, financial services, telecoms and internet services. In the 1990s, Tesco re-positioned itself from being a downmarket high-volume low-cost retailer, attempting to attract a range of social groups with its low-cost ...
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Scotland
Scotland (, ) is a country that is part of the United Kingdom. Covering the northern third of the island of Great Britain, mainland Scotland has a border with England to the southeast and is otherwise surrounded by the Atlantic Ocean to the north and west, the North Sea to the northeast and east, and the Irish Sea to the south. It also contains more than 790 islands, principally in the archipelagos of the Hebrides and the Northern Isles. Most of the population, including the capital Edinburgh, is concentrated in the Central Belt—the plain between the Scottish Highlands and the Southern Uplands—in the Scottish Lowlands. Scotland is divided into 32 administrative subdivisions or local authorities, known as council areas. Glasgow City is the largest council area in terms of population, with Highland being the largest in terms of area. Limited self-governing power, covering matters such as education, social services and roads and transportation, is devolved from the Scott ...
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Dundee
Dundee (; sco, Dundee; gd, Dùn Dè or ) is Scotland's fourth-largest city and the 51st-most-populous built-up area in the United Kingdom. The mid-year population estimate for 2016 was , giving Dundee a population density of 2,478/km2 or 6,420/sq mi, the second-highest in Scotland. It lies within the eastern central Lowlands on the north bank of the Firth of Tay, which feeds into the North Sea. Under the name of Dundee City, it forms one of the 32 council areas used for local government in Scotland. Within the boundaries of the historic county of Angus, the city developed into a burgh in the late 12th century and established itself as an important east coast trading port. Rapid expansion was brought on by the Industrial Revolution, particularly in the 19th century when Dundee was the centre of the global jute industry. This, along with its other major industries, gave Dundee its epithet as the city of "jute, jam and journalism". Today, Dundee is promoted as "One City, ...
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