Ray From Cleveland
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- Aug 16, 2015
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“Anchor tenants, or a national tenant like a Starbucks or a Shoppers [Drug Mart], or a No Frills … or a Save-On-Foods — those are the businesses that will draw other businesses to locate there, as well as patrons,” Leung said in an interview.
LedMac owns a strip mall in Maple Ridge with roughly 9,800 square feet of retail space, he said. They were able to anchor the mall with a Starbucks at one end and Mac’s convenience store at the other. Once those two shops were locked-in, several other businesses, including a hair salon, a donair shop and vet clinic, were also keen to sign leases."
Anchor tenant the key to attracting other businesses
Culture
Malls with anchor stores have consistently outperformed those without one, as the anchor helps draw shoppers initially attracted to the anchor to shop at other stores in the mall.[2]
Anchor store - Wikipedia
"Macy’s disappearing stores point up an acute problem for shopping malls, which traditionally have two or three department stores as their anchor tenants. Those anchors help lure shoppers to the benefit of smaller retailers in the mall."
How does a mall cope when a big tenant like Macy's closes?
So there are countless stories that support my claim. Little stores heavily rely on larger anchor stores to survive in a mall or shopping setting.
Perhaps the real question is, does walmart benefit from these stores? Are they making money? If so, why should they receive corporate welfare to build a store? Would it be better if there was a Cosco instead? Why should Walmart be given an upper hand over Costco? The best run company should be winning, not who the government chooses. The gov doesn't choose very well as we learned with Solyndra. The government shouldn't be picking which company goes where.
So who says Costco doesn't get tax abatements? I'm sure they do.
No, Walmart does not benefit from those stores--those stores benefit from Walmart.
What the government "picks" are those industries that most benefit their city or state. And again, tax cuts are not welfare by any stretch of the imagination. It's a liberal term designed to mislead people about the actuality of a situation.
Yes they probably do, but why? That is no way to make good business decisions.
I ment does walmart benefit from building more stores. I think the answer is obviously yes. So why should the gov pay for them to grow their business when they make billions?
Do they pick industries that benefit their city or state? How did Solyndra workout? They pick whoever lobbies the most. Why would you think they are good at picking?
It is a liberal term? Charles Koch is a liberal? Ron Paul is a liberal?
So why should the gov pay for them to grow their business when they make billions?
They don't pay them anything. They give them tax relief if they do bring their business and money there, create jobs there, and create a new working tax revenue provided by the employees. When everything is said and done, cities and states are at an advantage.
Solyndra did not get a tax abatement. Solyndra got actual corporate welfare; that is to say they got a government check to put into their business. It was not city, it was not state. DumBama gave them that money.
Tax relief for one company, while other companies pay the bill.
It goes on all the time on the federal, state, and local levels. What do you think tax write-offs are? They are expenses you deduct to lower your taxes. While the corporate tax rate is 35%, some companies pay no federal tax at all while other companies pay 20 or 30%. Or are you against tax write-offs too?