Well that's rather blunt.
From Newsweek, 5/2/23 at 5:12 PM EDT:
Nordstrom is the latest company to flee deteriorating economic conditions in San Francisco.
On Tuesday, the retailer confirmed that it would close both of its stores downtown, blaming the changing dynamics in the San Francisco market over the past few years. The company's chief stores officer said the changing dynamics have negatively affected foot traffic to the stores and Nordstrom's "ability to operate successfully," according to The San Francisco Standard, an online outlet.
Crime has become an increasingly important topic in political campaigns nationwide, with cities like San Francisco and Chicago often listed as areas that are struggling with the problem. Increasing crime in San Francisco led to the recall of then-District Attorney Chesa Boudin in 2022, amid accusations that he wasn't being tough on crime. San Francisco's incidence of crime has included an increase in looting, and businesses in California have had to deal with looters ransacking stores.
Looters hit Nordstrom's Walnut Creek store east of San Francisco and Oakland in late 2021. In July, Nordstrom will close its Nordstrom Rack store on Market Street, and a month later, its location in the Westfield San Francisco Centre, a mall, will shut down....
....MUCH MORE
