San Francisco's Largest Mall Continues to Bleed Retailers as Exodus Accelerates
Originally Published 2 years ago — by Fox Business
Westfield San Francisco Centre, the city's largest mall, is now only 25% occupied as retailers continue to leave, including J. Crew, Madewell, Aldo, and Lucky Brand. The mall has been hit hard by the departure of anchor store Nordstrom and the closure of its theater, with its owner announcing plans to hand the property back to a bank. The future of the mall remains uncertain, with some suggesting tearing it down for a new soccer stadium. The exodus of tenants is attributed to the challenging operating conditions in downtown San Francisco, including the impact of the COVID-19 pandemic, remote work, retail theft, and a homelessness crisis.
