San Francisco's Crime Wave Forces Major Retailers to Shut Down Stores.
TL;DR Summary
An Old Navy worker in downtown San Francisco has described the store's closure as a result of rampant shoplifting, with thieves hitting the flagship store 22 times in the last two days. The parent company, Gap, did not mention crime as a contributing factor to the closure, instead citing changes to the way it leverages flagship locations. Downtown San Francisco retailers have been hit by lower foot traffic due to the pandemic, changing shopping habits, and safety concerns. The current vacancy rate in San Francisco is about 30% versus 4% pre-pandemic.
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- Cole Hardware is closing SF location. Why owner is not blaming crime San Francisco Chronicle
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