Young homebuyers with different attitudes towards conspicuous consumption are also killing off the McMansion, a sprawling, often architecturally mismatched home boasting several thousand square feet of space. The values of McMansions could be falling, according to a survey by Trulia.
Source: Business Insider
In lieu of traditional housing, some millennials are turning shipping containers, sailboats, and vans into homes.
Today, millennials are doing everything they can to live in cities rather than traditional neighborhood homes.
Source: Business Insider
Since it officially closed in late 2015, however, the country club has seemingly remained uncared for. This is how it looked when we paid a visit in February.
Complete with an event space, 18-hole golf course, swimming pool, and tennis courts, Apple Ridge was a place the whole community could enjoy.
The Apple Ridge Country Club, located in Mahwah, New Jersey, opened in 1966.
More than 800 golf courses have shuttered across the US in the past decade, and data from the Sports & Fitness Industry Association has shown that millennials between the age of 18 to 30 have a lack of interest in playing the game.
Source: Business Insider
Malls and shopping aren't the only things that have changed in suburbs across America. Once a community staple in many American suburbs, the golf course is also now a slowly dying breed.
Wet Seal is closing 171 locations.
Earlier this year, nearly everything was on sale at RadioShack as they prepared to close 1,430 stores nationwide.
It's not just the malls' anchor stores. Crocs is also planning to close 160 locations.
The apparel department was also a mess.
In July 2016, we visited the flagship Macy's store in Manhattan, only to find messy shelves and lots of sales. Macy's is closing 68 locations in 2017.
Source: Business Insider
Kmart, which merged with Sears in 2005, has also announced store closures — a total of 238 locations in 2017.
Source: Business Insider
Sears plans on closing 98 locations in 2017.
Source: Business Insider
This Richmond, Virginia location was also lacking merchandise.
This Sears location in Woodbridge, New Jersey, which we visited in February 2017, didn't look much better.
Ripped carpet lined the walls below empty shelves.
This section was better stocked than other departments, but it also lacked wall signage.
A department devoted to curtains also appeared to be missing some inventory.
A corner of the store featuring travel items had the same products hanging on multiple hooks in a likely attempt to fill space.
A broken display shelf was found in the appliances department.
In July 2017, Business Insider correspondent Hayley Peterson visited the Glen Allen Sears and found empty shelves in the shoe department.
Source: Business Insider
Many retailers have struggled to adapt to changing consumer behaviors. As for the anchor stores that are still open in malls, such as this Sears store in Glen Allen, Virginia, the lack of products can be alarming.
Empty storefronts lined the halls.
Even some malls that are still open for business look like ghost towns. Here's the Regency Square Mall in Richmond, Virginia, for example.
Originally, a $200 million makeover was in the works, but the developers ditched the plan in 2015, citing difficulties attracting tenants.
The mall officially closed in 2014.
The mall was massive. Sitting at 1.2 million square feet, it once housed more than 150 retailers.
The Metro North Shopping Center in Kansas City, Missouri, has also shuttered.
Demolition of the mall began in May 2016.
It officially closed in 2008.
Source: Ohio.com
With JC Penney as one of its anchor stores, this mall's parking lot was packed with visitors in the early 1980s.
Source: Ohio.com
This mall originally opened in 1975.
Source: Ohio.com
The Rolling Acres Mall in Akron, Ohio, had a similar fate.
Demolition began on the property in May 2017.
Source: Chicago Tribune
Some banners also remained hanging.
Its shops' signage stayed intact, however.
For nearly two years, the mall sat empty.
In November 2014, a Cook County judge ordered the closure of the mall following the holiday shopping season.
The mall reportedly failed to make these changes, which included creating new exits to comply with fire codes and replacing electrical and air conditioning systems.
The mall's tenants did not generate enough in rent to pay for the improvements or repairs, according to an attorney for the owner.
The same year, a court-ordered receiver was appointed to force the location to pay taxes and fines as well as make necessary repairs.
Source: The Chicago Tribune
The closure of the mall's Sears was a major blow to its business.
In 2013, the mall's owner told The Chicago Tribune that the property was losing $2 million a year.
Source: Chicago Tribune
Closer to its final months, the mall had just 40 storefronts in business.
The 700,000-square-foot mall had the capacity to host four anchor stores and 100 smaller shops.
Source: Chicago Tribune
It had originally opened in 1973.
Source: The Chicago Tribune
It's been a rough couple of years for the retail industry, and malls are shutting down across the country. Chicago's Lincoln Mall, pictured here, shut its doors in January 2015.
Source: Business Insider
Source: Business Insider India