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Retail Locations
Irwin/McGraw-Hill
PPT 8-1
Madison Avenue (57th New York City to 72nd St.) Ave. des Champs Elysee
Irwin/McGraw-Hill
Levy/Weitz: Retailing Management, 4/e
Paris
$360
PPT 8-2
Shopping Centers
A shopping center is a group of retail and other A shopping center is a group of retail and other commercial establishments that is planned, developed, commercial establishments that is planned, developed, owned, and managed as a single property. owned, and managed as a single property. Two main configurations: strip centers & malls Two main configurations: strip centers & malls Strip centers have parking in front of the stores and do Strip centers have parking in front of the stores and do not have enclosed walkways linking the stores. not have enclosed walkways linking the stores. Malls have a pedestrian focus; customers park in Malls have a pedestrian focus; customers park in outlying areas and walk to the stores. Traditional malls outlying areas and walk to the stores. Traditional malls are enclosed with walkways between two facing strips are enclosed with walkways between two facing strips of stores. of stores.
McGraw-Hill/Irwin
Levy/Weitz: Retailing Management, 4/e Copyright 2001 by The McGraw-Hill Companies, Inc. All rights reserved.
PPT 8-3a
Type
Type of Anchors
Supermarket
Trade Area *
3 miles
SHOPPING CENTERS
Neighborhood Convenience 30,000-150,000
100,000-350,000
2 or more
Discount dept. 3-7 miles store; supermarket; drug; home improvement; large specialty/ discount apparel
McGraw-Hill/Irwin
PPT 8-3b
Type
Power
Number of Anchors
3 or more
Type of Anchors
Trade Area *
Category killer; 5-10 home improve- miles ment; discount department store; warehouse club; off-price
400,000-800,000
2 or more
Full-line dept. store; junior dept. store; mass merchant; discount dept. store; fashion apparel
5-15 miles
McGraw-Hill/Irwin
PPT 8-3c
Type
Superregional
Number of Anchors
3 or more
Type of Anchors
Full-line dept. store; junior dept. store; mass merchant;
Trade Area *
5-25 miles
80,000-250,000
N/A
50,000-400,000 80,000-250,000
N/A N/A
McGraw-Hill/Irwin
PPT 8-4
Location
Bloomington, MN Torrance, CA Costa Mesa, CA Schaumberg, IL Sunrise, FL
McGraw-Hill/Irwin
PPT 8-6
McGraw-Hill/Irwin
PPT 8-7
Percentage lease with specified maximum percentage of sales up to a maximum amount. Rewards retailer performance by allowing retailer to hold rent constant above a certain level of sales
Percentage lease with specified minimum - retailer must pay a minimum rent no matter how low sales are. Sliding scale - rent as a percentage of sales decreases
as sales go up.
McGraw-Hill/Irwin
PPT 8-8
McGraw-Hill/Irwin
PPT 8-11
Escape clause
Allows the retailer to terminate its lease if sales dont reach a certain level after a specified number of years, or if a specific co-tenant in the center terminates its lease.
McGraw-Hill/Irwin
Levy/Weitz: Retailing Management, 4/e Copyright 2001 by The McGraw-Hill Companies, Inc. All rights reserved.
PPT 8-12
Environmental Issues
PPT 8-13
Signs
Restrictions on the use of signs can also impact a particular sites desirability (Bal Harbour)
Licensing Requirements
Some areas may restrict or require a license for alcoholic beverages; can be changed through intense lobbying efforts
McGraw-Hill/Irwin
Levy/Weitz: Retailing Management, 4/e Copyright 2001 by The McGraw-Hill Companies, Inc. All rights reserved.