WEM meaning in Business ?

Answer:

What is West Edmonton Mall mean?

West Edmonton Mall (WEM) is a shopping mall located in Edmonton, Alberta. It is the second most visited mall in Canada, after the Toronto Eaton Centre in Toronto, followed by Metrotown Mall in Burnaby, and the 23rd largest in the world (along with The Dubai Mall) by gross leasable area. It is currently the second largest shopping mall in North America behind the Mall of America and was the world's largest mall until 2004. The mall was founded by the Ghermezian brothers, who emigrated from Iran in 1959. Its major anchors include Hudson's Bay, London Drugs, La Maison Simons, The Brick, and Winners/HomeSense.

West Edmonton Mall covers a gross area of about 490,000 m2 (5,300,000 sq ft). It holds over 800 stores and services including nine attractions, two hotels and over 100 dining venues in the complex, and parking for more than 20,000 vehicles. More than 24,000 people are employed at the property. The mall receives about 32 million visitors per year; it attracts between 90,000 and 200,000 shoppers daily, depending on the day and season. The mall was valued at $926 million in January 2007, and in 2016, for tax purposes, it was valued at $1.3034 billion, making it the most valuable property in Edmonton.

reference

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