Shopping Center Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
PECO | B | Phillips Edison & Company, Inc | 0.33 | |
CURB | D | Curbline Properties Corp. | 1.01 |
Related Industries: REIT - Retail
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
HAPS | B | Harbor Corporate Culture Small Cap ETF | 1.99 | |
SMLL | D | Harbor Active Small Cap ETF | 1.56 | |
PSCF | B | PowerShares S&P SmallCap Financials Portfolio | 1.25 | |
XSLV | B | PowerShares S&P SmallCap Low Volatility Portfolio | 1.03 | |
PPTY | C | PPTY U.S. Diversified Real Estate ETF | 0.8 |
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- Shopping Center
A shopping center in American English, shopping centre in Commonwealth English (see spelling differences), shopping complex, shopping arcade, shopping plaza, or galleria, is a group of shops built together, sometimes under one roof.
The first known collections of retailers under one roof are public markets, dating back to ancient times, and Middle Eastern covered markets, bazaars and souqs. In Paris, about 150 covered passages were built between the late 18th century and 1850, and a wealth of shopping arcades were built across Europe in the 19th century. In the United States, the widespread use of the automobile in the 1920s led to the first shopping centers of a few dozen shops that included parking for cars. Starting in 1946, larger, open air centers anchored by department stores were built (sometimes as a collection of adjacent retail properties with different owners), then enclosed shopping malls starting with Victor Gruen's Southdale Center near Minneapolis in 1956.A shopping mall is a type of shopping center, a North American term originally meaning a pedestrian promenade with shops along it, but in the late 1960s began to be used as a generic term for large shopping centers anchored by department stores, especially enclosed centers. Many malls in the United States are currently in severe decline ("dead malls") or have closed. Successful exceptions have added entertainment and experiential features, added big-box stores as anchor tenants, or are specialized formats: power centers, lifestyle centers, factory outlet centers, and festival marketplaces. Smaller types of shopping centers in North America include neighborhood shopping centers, and even smaller, strip malls. Pedestrian malls (shopping streets) in the United States have been less common and less successful than in Europe. In Canada, underground passages in Montreal and Toronto link large adjacent downtown retail spaces.
In Europe shopping malls/centers continue to grow and thrive. In the region distinction is made between shopping centers (shops under one roof), shopping precincts (pedestrianized zones of a town or city where many retail stores are located), the High Street (street – pedestrianized or not – with a high concentration of retail shops), and retail parks (usually out of the city centre, 5000 sq.m. or larger and anchored by big-box stores or supermarkets, rather than department stores).
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