Millennials have a major influence on today’s society depending on where they spend their money. The younger generation is always interested in finding a hot new trend and adding it to their everyday life. However, millennials are much more aware and in tune with what goes into a product and its usefulness, unlike the generations that came before them. While this is helpful in most cases, it is making a major impact on the economy and disappearing brands that have been around for generations may soon fold completely.
The choices that millennials are making impact daily life and have greatly modified the way many brands and tech companies run in the modern era. Many classic brands, such as Gap, Victoria’s Secret, and Tiffany & Co., have struggled as a result. It has caused a significant decline in sales and caused many brands to shut down or rebrand to stay relevant. Are your favorite stores some of the disappearing brands across the nation? Check out the upcoming data to see what brands have been impacted in the process and make sure to SHARE these disappearing brands with all of your friends before they’re gone for good!