(C) Yelp
The women’s clothing store Anthropologie announced on Tuesday that it would be closing its Union Square location in San Francisco next month, becoming the latest major retailer to vacate the city this year.
Since the beginning of the decade, a mix of crime, high rents, fewer shoppers visiting San Francisco locations, and the lack of security in many areas have led to countless stores either leaving or closing in many prominent areas of the city, including Union Square. Stores such as the Gap’s flagship store left Union Square all the way back in August 2020, with others such as the H&M West Coast flagship store, Uniqlo, Nordstrom, and DSW leaving the next year. Not helping matters were huge crime waves in and around Union Square targeting luxury retailers in late 2021 and late 2022. As a result, even more bolted. And that’s not even getting into what was happening citywide with major chains such as Walgreens leaving en masse and vacancy rates now climbing above 30%.
Source : CA Globe