Haunting photos of America's dead shopping 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.

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.

See the rest of the story at Business Insider

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