Neiman Marcus announced in 1997 that it was moving its store from the Town & Country Mall to the Memorial City Mall. During the construction of the Sam Houston Tollway, the visibility of the Town & Country Mall declined and access became difficult. In addition, the 1980s oil glut had a severe impact on Houston's economy and marked the beginning of the end of Town & Country Mall. The mall became less popular with shoppers as its interior became dated and important tenants like anchors Dillard's and JCPenney moved to the Memorial City Mall. Town & Country Mall closed in 2004 and was demolished shortly thereafter.