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In reply to the discussion: There is a large mostly abandoned shopping center near where I live. [View all]Warpy
(113,736 posts)3. There are dead malls all over the place and one is near me
What killed them off are the megamergers and bankruptcies that decreased the number of anchor stores, usually big department stores. Rents for other stores went up to compensate and foot traffic declined Purchasing power was also sliding down as prices rose. The axe finally came down in 2008 when the real estate bubble crash kept yuppies on the couch instead of out at the mall and doing some shopping.
I'm old so I watched malls kill off Main Street and naked greed kill off malls. I've missed them both.
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Personally, I think the rise of online shopping had a great deal to do with the demise of malls.
CTyankee
May 23
#20
Sears and Roebuck was mail order in a vastly different time. The Internet offers dazzling choices that the Sears catalog
CTyankee
May 23
#32
Well Macy's was in the Wanamaker building until near the end of March of this year and that was that
BumRushDaShow
May 24
#52
I enjoy the touchy feely of shopping in a store. You can't get that at an Amazon.
Clouds Passing
May 27
#61
in southern California, dead malls are rebuilt as malls... with apartments complexes attached.
Demovictory9
May 25
#57
See, and I think those cars should be placed in the parking lot, out in the open ...
aggiesal
May 23
#19
I've often wondered if all these abandoned malls could be converted to public housing.
travelingthrulife
May 24
#47