At a scrutiny board on Wednesday, February 20, Coventry City Council's cabinet member for jobs and regeneration councillor Jim O'Boyle said investors are "cautious" due to the changing face of city centres nationally - but added an anchor store
was not ruled out.
Sears and Sibley's were the two original anchor stores
at the Victor mall when it opened in 1971.
Last week it was revealed Chester's [pounds sterling]300m Northgate Development had been dealt a massive blow after House of Fraser announced it no longer planned to deliver the anchor store
for the scheme.
All the news regarding the mall's anchor stores
comes while Gurnee Mills is undergoing an extensive $6 million renovation.
It is the only mall with five anchor stores
. It has over 700 shops, a total of 2,300 multilevel parking slots, various food outlets, and indoor amusement rides.
Bloomingdale's is the second anchor store
to be confirmed at the center.
A planned third anchor store
is likely to be split into two large shops.
Expansion of the city centre was dealt a blow yesterday when it was revealed John Lewis is taking the anchor store
in Solihull town centre's pounds 90 million Touchwood Court shopping complex.
Because of the effect of image transference, and the lack of any additional cues other than familiarity with the anchor store
, it is expected that most responses obtained via content analysis would be exemplars, directly relating the store in question with the image of the anchor store
The report states: "The failure to acquire an 'aspirational' anchor store
will have a direct impact on the development and 'prestige' of the area.