Friday, April 12, 2019

Anchors away: Why grocers are heading to the mall

Retail Dive
The struggles of mall stalwarts such as Macy's, Sears and J.C. Penney could spell opportunity for supermarket chains. Just last month, beloved Connecticut chain Stew Leonard's began renovating an 80,000-square-foot location at New Jersey's Paramus Park Mall formerly occupied by Sears.

A wide range of grocers, including Wegmans, Lidl, Whole Foods and The Fresh Market, have pounced on vacant mall space recently. Drawn by the prospect of high visibility, a destination location and generous enticements from landlords, these so-called "mall marts" have been cropping up across the country.. . . more

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