Nordstrom is the latest retailer to leave San Francisco | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Nordstrom is closing both of its stores in downtown San Francisco, citing the changing “dynamics” of the area that hasn’t recovered since the pandemic and has been in the spotlight for crime

. The two locations are a 312,000-square-foot, five-floor Nordstrom department store at the Westfield mall and a Rack, its discount outlet, across the street on Market Street. Both locations will close in the summer with the upscale chain department store explaining in a memo to employees that it’s letting the stores’ leases expire. “Decisions like this are never easy, and this one has been especially difficult,” wrote Jamie Nordstrom, Nordstrom’s chief stores officer, in a memo obtained by CNN.

San Francisco Standard, an independent news website, has tracked 20 closures of major stores since 2020, including Anthropologie, Office Depot and CB2. Incidents of theft in San Francisco have gained national attention, though crime has generally fallen over the past six years. Property crimes in San Francisco have garnered national attention because of several attention-grabbing videos of thieves in action.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nordstrom to close both Downtown San Francisco stores, company confirmsThe Westfield Mall's owner reportedly said in a statement that the Nordstrom closure 'underscores the deteriorating situation in downtown San Francisco.'
Source: abc7newsbayarea - 🏆 529. / 51 Read more »