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. Investing

    Are Mall Retailer Stocks Winning or Losing?

    Mall stocks are hurting. But not all malls are dying. Here's what the mall of the future will look like and which retail stocks fit in.
  2. Investing

    Top Investment Ideas for Malls of the Future

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

    Can Shopping Malls Survive This Trend?

    Are we coming to the end of an era for the shopping mall as we know it? If department store chains were to act on the conclusions of a recent report from Green Street Advisors, many malls might ...
  4. Investing

    Why Retail Layoffs Are on the Rise

    Many retailers are struggling, which is leading to increased layoffs. But it's not all bad news.
  5. Personal Finance

    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.
  6. Small Business

    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.
  7. Investing

    Do Retail Store Closings Create a Domino Effect?

    If brick-and-mortar retailers continue to close at today’s pace, here’s how it could play out.
  8. Investing

    Grocers Launching Centers of Culinary Excellence

    Wal-Mart (NYSE: WMT) and Kroger (NYSE: KR) are launching new culinary training centers, not to cater to the whims of foodies, but rather the much larger mass of consumers who frequent their ...
  9. Managing Wealth

    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.
  10. Insights

    What Is Purchasing Power?

    Purchasing power expresses money’s value by defining the amount of goods or services it can buy.
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. How do investors interpret the same store sales ratio when analyzing retail stocks?

    Examine the importance of the same-store sales ratio as a key equity evaluation metric utilized by investors interested in ... Read Answer >>
Hot Definitions
  1. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  2. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  3. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  4. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  5. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  6. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
Trading Center