Power center

DEFINITION of 'Power center'

A large (250,000 to 750,000 square ft.) outdoor shopping mall which usually includes three or more "big box" stores, as well as smaller retailers and restaurants (either free-standing or located in strip plazas), surrounded by a shared parking lot. Power centers are built for the convenience of motorists. Unlike traditional big box stores, power centers often have distinctive architectural features.

BREAKING DOWN 'Power center'

The first power center opened in Colma, Calif., in 1986. Since then, the power center model has been steadily edging out the traditional shopping mall. Renovations of older malls commonly involve turning them into power centers, rather than adding new retail space to existing facilities. For space reasons, power centers are almost always located in the suburbs. There are exceptions, however, when urban areas are redeveloped to accommodate a power center.

RELATED TERMS
  1. Cost Center

    A department within an organization that does not directly add ...
  2. Investment Center

    A business unit that can utilize capital to directly contribute ...
  3. Profit Center

    A branch or division of a company that is accounted for on a ...
  4. Landlocked

    In a business sense, a piece of property that is totally inaccessible ...
  5. Money Center Banks

    A money center bank is similar in structure to a common bank, ...
  6. Purchasing Power Loss/Gain

    An increase or decrease in how much consumers can buy with a ...
Related Articles
  1. Stock Analysis

    Top Investment Ideas for Malls of the Future

    How investors should be thinking about the mall of tomorrow.
  2. Investing

    The Future of Retail Is Not Big Box Stores

    The future of shopping involves a lot more Internet and a lot less window shopping at the mall.
  3. Personal Finance

    Research and Development

    Technology giant Microsoft recently opened a $100 million research center in Shanghai. The center is projected to employee 1,500 employees and a center in Beijing is said to be in the works.
  4. Entrepreneurship

    Tips for Choosing the Right Location for Your Business

    Discover five good tips concerning factors to carefully consider in the process of choosing the best possible location for your business.
  5. Professionals

    Powers Of Appointment

    Powers Of Appointment
  6. Investing

    The World's Top Emerging Financial Hubs

    Creating a desirable and competitive financial center, a goal among the emerging financial hubs, can be undone by its volatility.
  7. Term

    What Is Purchasing Power?

    Purchasing power expresses money’s value by defining the amount of goods or services it can buy.
  8. Savings

    Winning Retailers Amid Sales Slump

    Declining department store retail sales and the exceptions to the rule after the end of the Great Recession.
  9. Fundamental Analysis

    Tesla Home Batteries Could Transform Your Electric Bill

    With limited daylight hours, solar power cannot power our homes at night, but Tesla Motors might help solve that problem.
  10. Investing Basics

    The Industry Handbook: The Retailing Industry

    All businesses that sell goods and services to consumers fall under the umbrella of retailing, but there are several directions we can take from here. For starters, there are department stores, ...
RELATED FAQS
  1. What does it mean to invest in money center banks?

    Invest in foreign and domestic banks when you invest in money center banks. You'll find these financial centers in many major ... Read Answer >>
  2. Where are the testing centers for the Series 7 examination?

    Testing centers for the Series 7 and other FINRA (Financial Industry Regulatory Authority), administered exams are located ... Read Answer >>
  3. What is a common strategy traders implement when using the Elder-Ray Index?

    Read about the important buying and selling conditions that are recommended by Dr. Alexander Elder when using his Elder-Ray ... Read Answer >>
  4. What is the pitchfork indicator that I keep hearing about, and how do I use it?

    The technical indicator known as Andrew's Pitchfork is not that well-known, and it's rarely used by novice traders. However, ... Read Answer >>
  5. What is a power ratio?

    A power ratio is a method used by media companies to measure revenue performance compared to the audience share it controls. ... Read Answer >>
  6. What happens if there are no places available for me to sit for my exam within my ...

    The NASD may extend your examination window to the next available appointment at your test center, if you contact your exam ... Read Answer >>
Hot Definitions
  1. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  2. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  3. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  4. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  5. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
  6. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
Trading Center