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Westfield Mall parent company backs out of SF

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Last month, Banana Republic and anchor retailer Nordstrom announced plans to close their Westfield Mall stores.

Westfield Mall’s parent company will relinquish management of the beleaguered downtown San Francisco shopping center.

Nordstrom shared the mall’s sentiment: Nordstrom wrote in a message to employees, shared with The Examiner on May 2, that"the dynamics of the downtown San Francisco market have changed dramatically over the past several years, impacting customer foot traffic to our stores and our ability to operate successfully." Nordstrom will close its Westfield location by the end of August.

Ex // Top Stories After a taste of California's smoky skies, some East Coasters in denial Downplaying the dangers of wildfires is a risky strategy as climate change fuels more extreme weather, writes Marc Sandalow San Francisco Mayor London Breed’s office said on Monday it has had numerous conversations with Westfield’s parent company about the future of the mall, which made it “clear that they did not have a long-term commitment to San Francisco.”

“For now, the stores at the mall remain open under the new management. The public safety resources we’ve dedicated to the area, including ambassadors and police officers, remain in place. The stores are still a part of our downtown experience and we will continue to support this area to make it clean, safe, and inviting for everyone,” Breed’s office said.

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Westfield to give up SF location amid declining sales, Nordstrom closure, company saysTHIS JUST IN: Westfield Shopping Centre says it is giving up its San Francisco location, the company said on Monday.
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Westfield begins withdrawal from San Francisco Centre, adding to ongoing business exodus from cityWestfield is surrendering control of its namesake shopping center in the heart of downtown San Francisco to its lender, according to a published report, adding to the exodus of major companies and retailers leaving the city.
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