International Council of Shopping Centers

Last updated
ICSC
AbbreviationICSC
Formation1957
TypeTrade Association
Headquarters 1251 Avenue of the Americas
New York, NY 10020
U.S.
Website www.icsc.com
Headquarters of ICSC at 1251 Avenue of the Americas (north skyscraper) in Midtown Manhattan, New York City, United States. 1251 Avenue of the Americas.JPG
Headquarters of ICSC at 1251 Avenue of the Americas (north skyscraper) in Midtown Manhattan, New York City, United States.

The International Council of Shopping Centers, doing business as ICSC, is the global trade association of what it calls the "Marketplaces Industry" (i.e., shopping centers, shopping malls, and all other retail real estate). Founded in 1957, it features more than 70,000 members in over 100 countries, including shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world. [1]

Contents

In July 2021, ICSC rebranded itself in terms of its initials alone, and adopted the tagline "Innovating Commerce Serving Communities". [2]

Worldwide Relationships

ICSC maintains mutually beneficial relationships with national shopping center councils throughout the world. [3] The national and regional councils are:

Classification of shopping centers

The ICSC publishes a standardized classification of shopping centers based on size and characteristics: see Shopping center#Types.

Related Research Articles

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A shopping mall is a large indoor shopping center, usually anchored by department stores. The term mall originally meant a pedestrian promenade with shops along it, but in the late 1960s, it began to be used as a generic term for the large enclosed shopping centers that were becoming increasingly commonplace. In the United Kingdom and other countries, shopping malls may be called shopping centers.

<span class="mw-page-title-main">Shopping center</span> Commercial trading complex

A shopping center, shopping centre, also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof.

<span class="mw-page-title-main">Strip mall</span> Open-air shopping mall

A strip mall, strip center, strip plaza or simply plaza is a type of shopping center common in North America and Australia where the stores are arranged in a row, with a footpath in front. Strip malls are typically developed as a unit and have large parking lots in front. Many of them face major traffic arterials and tend to be self-contained with few pedestrian connections to surrounding neighborhoods. Smaller strip malls may be called mini-malls, while larger ones may be called power centers or big box centers. In 2013, The New York Times reported that the United States had 65,840 strip malls. In 2020, The Wall Street Journal wrote that in the United States, despite the continuing retail apocalypse starting around 2010, investments and visitor numbers were increasing to strip malls.

<span class="mw-page-title-main">Big-box store</span> Physically large retail establishment

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<span class="mw-page-title-main">Retail park</span> Unenclosed shopping area

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<span class="mw-page-title-main">Dead mall</span> Shopping center with low occupancy

A dead mall is a shopping mall with a high vacancy rate or a low consumer traffic level, or that is deteriorating in some manner.

<span class="mw-page-title-main">Anchor tenant</span> Larger tenant in a shopping mall, often a department store or retail chain

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<span class="mw-page-title-main">The Streets of Tanasbourne</span> Shopping mall in Oregon, United States

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<span class="mw-page-title-main">Cafaro Company</span> American owner of retail shopping centers

The Cafaro Company is an American property management and real estate development company which owns several retail shopping centers throughout the United States. Based in Niles, Ohio, it is the largest privately owned shopping center development and management company in the U.S., managing more than 30,000,000 square feet (2,800,000 m2) of commercial real estate throughout the country.

<span class="mw-page-title-main">Market! Market!</span> Real estate development

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<span class="mw-page-title-main">Northland Village Mall</span> Shopping mall in Alberta, Canada

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Benoy is an international firm of architects, master planners, interior architects, and graphic designers working from design studios in the United Kingdom, Singapore, Hong Kong, Shanghai, Beijing, and Montréal. The company is primarily known for its global retail architecture. Notable projects include the Westfield London building in the UK, Elements shopping mall in Hong Kong, and ION mall in Singapore.

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<span class="mw-page-title-main">C Concept Design</span>

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<span class="mw-page-title-main">Power center (retail)</span> Shopping center over 250,000 square feet anchored by big box stores

A power center or big-box center is a shopping center with typically 250,000 to 600,000 square feet of gross leasable area that usually contains three or more big box anchor tenants and various smaller retailers, where the anchors occupy 75–90% of the total area.

<span class="mw-page-title-main">Retailers Association of India</span> Indian trade association

Retailers Association of India (RAI) is an Indian retail trade association. A not-for-profit organization, it represents the rights of Indian retailers. Its members include chain store retailers, independent retailers, e-commerce retailers and retail service providers across India. RAI is involved with retail advocacy, organizing conferences, knowledge-sharing initiatives and training programs.

<span class="mw-page-title-main">Yas Mall</span> Shopping mall in Yas Island, Abu Dhabi

Yas Mall is a mall in Yas Island in Abu Dhabi, United Arab Emirates. It serves as a place for shopping, dining and entertainment for residents of Abu Dhabi and Yas Island. It covers an area of approximately 235,000 square metres.

<span class="mw-page-title-main">Neighborhood shopping center</span> Retail industry term

A neighborhood shopping center is an industry term in the United States for a shopping center with 30,000 to 125,000 square feet of gross leasable area, typically anchored by a supermarket and/or large drugstore.

The economy of Indianapolis is centered on the City of Indianapolis and Marion County within the context of the larger Indianapolis metropolitan area. The Indianapolis–Carmel–Anderson, IN MSA, had a gross domestic product (GDP) of $134 billion in 2015. The top five industries were: finance, insurance, real estate, rental, and leasing ($30.7B), manufacturing ($30.1B), professional and business services ($14.3B), educational services, health care, and social assistance ($10.8B), and wholesale trade ($8.1B). Government, if it had been a private industry, would have ranked fifth, generating $10.2 billion.

References

  1. "About ICSC" . Retrieved 11 November 2022.
  2. Thomas, Lauren (19 July 2021). "Retail real estate trade group grapples with post-pandemic landscape, changes name". CNBC. Retrieved 5 November 2021.
  3. "Affiliates Directory". March 2014. Archived from the original on 2014-03-05. Retrieved 2014-03-05.