Outlet<\/p><\/div>\n

Parasite Store <\/strong><\/p>\n

An outlet that does not create its own traffic and that has no real trading area of its own.<\/p>\n

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Planned Shopping Centres<\/strong><\/p>\n

Consists of a group of architecturally unified commercial establishments built on a site that is centrally owned or managed, designed and operated as a unit, based on balanced tenancy, and surrounded by parking facilities.<\/p>\n

Power centre<\/strong><\/p>\n

The definition of a power centre is a type of centre containing multiple anchors that sell staple products, hard goods, and discount merchandise. The size often varies from 25.000 m2 up to 100.000 m2. The anchors represent 80-90 percent of the space compared with 55 to 65 percent in malls. A power centre attracts big-box retailers such as Toys R Us, Office Depot, and MediaMarkt. The trade area is often of the same size as a regional shopping centre.<\/p>\n

Power Retailer<\/strong><\/p>\n

The status reached by a company that is dominant in some aspect of its strategy. Consumers view the company as distinctive enough to become loyal to it and go out of their way to shop there.<\/p>\n

Prototype Stores<\/strong><\/p>\n

Occur with an operations strategy that requires multiple outlets in a chain to conform to relatively uniform construction, layout, and operations standards.<\/p>\n

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Regional Shopping Centre<\/strong><\/p>\n

A regional centre provides general merchandise, apparel, furniture and home furnishing in depth and variety, as well as a variety of services and recreational facilities. It is built around on or two department store (in UK and USA) or one hypermarket (the “French model”) of generally not less than 10.000 m2 and 50 to 150 or more smaller retailers. The total size of the centre varies from 30.000 m2 up to 100.000 m2. The market for this centre is 100,000-plus people, who live or work up to 30 minutes’ driving time from the centre<\/p>\n

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Rentable Area<\/strong><\/p>\n

The area of a shopping centre that is leasable to tenants, expressed in square feet or square meters.<\/p>\n

Retail Park<\/strong><\/p>\n

This is the British expression for a Power Centre, Strip Mall or a configuration of big box retailers. It is a Shopping Centre without an indoor mall. A large retail park is 20 000 m2 plus , medium 10 – 20 000 m2 and small ones 5 – 10 000 m2.<\/p>\n