Quoted:Nordstrom is planning to close both of its Downtown San Francisco stores, choosing not to renew its lease obligations at its location in the Westfield Mall. It will also close a second nearby Downtown Nordstrom Rack.
The retailer confirmed the closures on Tuesday. In an email to employees, the company's chief stores offices wrote that "the dynamics of the downtown San Francisco market have changed dramatically over the past several years, impacting customer foot traffic to our stores and our ability to operate successfully."
The two planned closures represent about 357,500 square feet of retail space, according to the San Francisco Business Times, which first reported Nordstrom's plans.
The Westfield mall and its owner, Unibail-Rodamco-Westfield, said in a statement that the planned closure "underscores the deteriorating situation in Downtown San Francisco."
"The planned closure of Nordstrom underscores the deteriorating situation in Downtown San Francisco," said a spokesperson for the mall. "A growing number of retailers and businesses are leaving the area due to the unsafe conditions for customers, retailers, and employees, coupled with the fact that these significant issues are preventing an economic recovery of the area."
https://s.hdnux.com/photos/01/32/51/23/23762113/3/1200x0.jpg"[Unibail-Rodamco-Westfield] has actively engaged with city leaders for many years to express our serious concerns, which are shared by our customers and retailers. We have urged the city to find solutions to the key issues and lack of enforcement against rampant criminal activity," the statement read.
Nordstrom also announced today that it would expand its presence in California, opening five new Nordstrom Rack stores in cities across the state, including one in San Mateo.
The news of Nordstrom's Downtown exit comes less than a month after Whole Foods closed its flagship store nearby at Eighth and Market streets. The company blamed the closure on concerns about staff safety and deteriorating conditions in the area.
As of today, a total of 20 retailers have shuttered stores or announced closures in the Union Square area since 2020, up from 17 just a week ago.
https://sfstandard.com/business/nordstrom-to-shutter-both-san-francisco-downtown-stores-citing-deteriorating-conditions-report/