Here's the full list of retailers pulling out of the city's downtown neighborhood.
- Nineteen retailers have left San Francisco's Union Square area since 2020.
- The latest departures include Nordstrom, Office Depot, and Old Navy, reports say.
- Retailers cite concerns over employee and customer safety related to shoplifting and other crimes.
The shopping district around Union Square has lost several major retailers over the last few years as reports of crime and drug use in the area have caused safety concerns for both retailers and patrons. The area has lost 17 retailers since 2020, The San Francisco Standard reported in April.
Stores that have closed in downtown San Francisco over the last few years include:
- Old Navy
- Saks off 5th,
- Anthropologie.
- Amazon Go
- Whole Foods
- Office Depot
- Nordstrom
- Arc'teryx
- The RealReal
- CB2
- Banana Republic
- Athleta,
- The Container Store
- Crate & Barrel
- Abercrombie & Fitch
- DSW,
- Disney
- Uniqlo
- Marshall's
- H&M
- Gap
Unibail-Rodamco-Westfield, which owns the mall where Nordstrom is located, said that the department store's closure "underscores the deteriorating situation in downtown San Francisco," according to Bloomberg. It also cited "unsafe conditions for customers, retailers, and employees" in the vicinity of the Nordstrom store.
Walgreens, for instance, closed five stores in the city in late 2021, citing shoplifting. Earlier this year, though, CFO James Kehoe said that the drugstore chain overstated the problem.
At the same time, vacancy rates in San Francisco's office buildings reached a new record high last month, NBC Bay Area reported. As in other US cities, the rise of remote work during the pandemic has meant fewer people in the city's downtown looking for lunch or stores to run errands.
MSN
www.msn.com
Last edited: