Haunting photos of America's dead shopping malls

The Awesome Reinvention of America's Abandoned Malls
The Awesome Reinvention of America's Abandoned Malls

The retail industry is slowly devolving into its death, and there's proof: more and more shopping malls are closing.

The malls are primarily those that are not high-end or low-end.

Earlier this year, D.J. Busch, senior analyst at Green Street Advisers, said to the New York Times, "It is very much a haves and have-nots situation."

"Middle-level stores in middle-level malls are going to be extinct because they don't make sense," Howard Davidowitz, chairman of Davidowitz & Associates, Inc., a retail consulting and investment banking firm, said last year.

The White Flint Mall in Bethesda, Maryland opened in 1977.

Source: The Washington Post

It closed early this year. In February, only Lord & Taylor remained.

Source: The Gazette

The upscale mall was home to stores like Bloomingdale's and I. Magnin. Even Elizabeth Taylor was reported to appear at a department store at the mall.

Source: Washington Post

See the rest of the story at Business Insider

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