 ICSC | Innovating Commerce Serving Communities | |
| Abbreviation | ICSC |
|---|---|
| Formation | 1957 |
| Type | Trade Association |
| Headquarters | 1251 Avenue of the Americas New York, NY 10020 U.S. |
| Website | www |
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]
In July 2021, ICSC rebranded itself in terms of its initials alone, and adopted the tagline "Innovating Commerce Serving Communities". [2]
In September 2015, ICSC announced that Tom McGee, [3] former vice chairman at Deloitte LLP, [4] the world’s largest professional services organization, would serve as its new president and CEO. McGee was only the fourth person to head ICSC in its 65-year history. He succeeded retired President and CEO Michael P. Kercheval. [3]
ICSC maintains mutually beneficial relationships with national shopping center councils throughout the world. [5] The national and regional councils are:
The ICSC publishes a standardized classification of shopping centers based on size and characteristics: see Shopping center#Types.
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 centres.
A shopping center in American English, shopping centre in Commonwealth English, shopping complex, shopping arcade, shopping plaza, or galleria, is a group of shops built together, sometimes under one roof.
Fashion Centre at Pentagon City, originally the Pentagon City Mall, is an enclosed regional shopping mall in the Pentagon City neighborhood of Arlington, Virginia, near Interstate 395 and Hayes Street. Its Metro level is directly connected to the Pentagon City station on the Blue and Yellow Lines of the Washington Metro. The mall features Macy's and Nordstrom, and also houses the Ritz-Carlton Pentagon City hotel.
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 that started in around 2010, investments and visitor numbers were increasing to strip malls.
A retail park is a type of shopping centre found on the fringes of most large towns and cities in the United Kingdom and other European countries. They form a key aspect of European retail geographies, alongside indoor shopping centres, standalone stores like hypermarkets and more traditional high streets.
A dead mall, also known as a ghost mall or zombie mall, is a shopping mall that has low consumer traffic or is deteriorating in some manner.
In North American, Australian and New Zealand retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a considerably larger tenant in a shopping mall, often a department store or retail chain. They are typically located at the ends of malls, sometimes in the middle. With their broad appeal, they are intended to attract a significant cross-section of the shopping public to the center. They are often offered steep discounts on rent in exchange for signing long-term leases in order to provide steady cash flows for the mall owners.
Vicinity Centres ASX: VCX, previously known as Federation Centres and Centro Properties Group, is an Australian Real Estate Investment Trust specialising in the ownership and management of Australian shopping centres. As at December 2021, it had stakes in 60 shopping centres. It is headquartered at Chadstone Shopping Centre in Melbourne.
A food court is generally an indoor plaza or common area within a facility that is contiguous with the counters of multiple food vendors and provides a common area for self-serve dinner. It can also be a public dining area in front of a cafe or diner.
The Lakes Mall is an enclosed shopping mall in serving the city of Muskegon, Michigan, United States. It is located in Fruitport Township, with a Muskegon mailing address. Opened in 2001, the mall features more than sixty retailers, plus a food court, in 645,677 square feet (59,985.4 m2) of gross leasable area. Anchor stores are Dick's Sporting Goods and JCPenney, with three vacancies last occupied by Sears, Bed Bath & Beyond, and Younkers.
Majid Al Futtaim Holding is an Emirati holding company based in Dubai. The family-owned conglomerate owns and operates shopping malls, retail, and hotel establishments in the Middle East and North Africa.
Market! Market! is a shopping mall complex developed by Ayala Land, the real estate subsidiary of Ayala Corporation, on a lot leased from Bases Conversion and Development Authority, a government-owned and controlled corporation. It is operated by its subsidiary, Ayala Malls. It is located at McKinley Parkway, Bonifacio Global City, Taguig, Metro Manila, Philippines. Groundbreaking was conducted in August 2002 and the mall opened on September 16, 2004. The mall caters to the middle market, unlike other Ayala malls, which cater to the upper socioeconomic class.
Northland is an open-air shopping mall located in northwest Calgary, Alberta. The mall opened in 1971, and was expanded in 2005. The mall began major renovations in 2021, with demolition to redevelop the mall happening throughout the year 2022 to turn it into an open-air facility. Prior to 2021, Northland Village Mall was a one-level indoor shopping centre with over 60 retail shops and services. In early 2024, the shopping centre was rebranded as simply Northland, to reflect the major changes.
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.
Homart Development Company, a Chicago-based subsidiary of Sears, was one of the largest builders of shopping centers and malls in the United States from 1959 to 1995.
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.
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic.
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.
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.
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