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

    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. Stock Analysis

    Top Investment Ideas for Malls of the Future

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

    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 News

    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. 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.
  6. 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.
  7. 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.
  8. Term

    What Is Purchasing Power?

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

    Winning Retailers Amid Sales Slump

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

    5 Retailers Set to Close More Stores in 2016 (FINL, GPS)

    Discover retail stores that have already announced plans to close stores in 2016. Some expect a new economic downturn, which may lead more stores to close.
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. Physical Capital

    Physical capital is one of the three main factors of production in economic theory. It consists of manmade goods that assist ...
  2. Reverse Mortgage

    A type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage ...
  3. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  4. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  5. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  6. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
Trading Center