Anchor stores are large department stores or big-box retailers situated in shopping malls to attract customer traffic and boost sales.
Department Stores offer a broader range of goods, often including apparel, cosmetics, and general merchandise, unlike the specialized focus of Category Killers.
The Wheel of Retailing explains the cyclical phenomenon where original low-price discounters slowly upgrade services and elevate prices, ultimately transforming into full-line department stores, thereby creating a competitive niche for new low-price discounters.
