Posted on 05/08/2023 9:26:51 AM PDT by dennisw
Telecom giant becomes latest casualty of business bloodbath in Californian city Comes after retail hub last week blamed 'rampant criminal activity' for exodus Businesses have closed stores over safety fears for staff amid spike in crime
T-Mobile has become the latest major retailer to close a flagship store in San Francisco as the city faces a business exodus due to 'rampant criminal activity'.
The decision by the telecoms giant to shutter its premises in Union Square follows similar announcements last week by Saks Off 5th and Nordstrom.
T-Mobile said the closure of its two-level, 17,000-sq-ft building in the heart of San Francisco's was part of its 'nationwide retail strategy to better take care of customers'.
It is the latest in a string of closures to blight the tech haven, which has been ravaged by rising crime and a homelessness epidemic.
Billionaire Elon Musk last week blasted downtown San Francisco as 'post-apocalyptic'.
It comes after luxury department store Nordstrom said it was to close both its units in downtown San Francisco in the coming months, having served the area for 35 years.
Its 40,000-sq-ft Nordstrom Rack store on Market Street is set to shutter on July 1, while one of its flagship units - the 312,000-sq-ft Nordstrom at Westfield San Francisco Centre, will close by the end of August.
Explaining the decision, Chief Stores Officer Jamie Nordstrom said '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'.
'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,'
(Excerpt) Read more at dailymail.co.uk ...
Now where are the dindunuffins going to steal at?
A phone desert!!!!!!!
I hope all those PAYING taxes leave and all that is left are the TAKERS.
Actually we should send all the illegals there. Plenty of space for housing.
The next detroit.
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