Coco Republic, latest retailer to announce it's leaving SF's Union Square

KTVU ^ | May 10, 2023 | staff

[Morgana]

SAN FRANCISCO - In the latest blow to San Francisco's economic outlook, another retailer announced on Wednesday, they're closing their Union Square store by July.

Coco Republic, a self-described luxury Australian furniture brand, will close its 53,000 square-foot showroom located at 55 Stockton Street, where Crate & Barrel was located not long ago. The furniture store lasted less than sixth months from when it opened, according to the company.

A spokesperson said the closing sale begins immediately. Plans to close this location are either in July, or when the inventory runs out.

"Downtown San Francisco has been struggling with well-documented issues which have significantly exacerbated challenges that started with the coronavirus pandemic. Due to a significant decrease in foot traffic and customers, retailers have been finding it difficult to operate in the area," a company statement read.

Last week, Nordstrom announced they are closing their two downtown San Francisco locations, which include an anchor store location at the Westfield Centre. Market Street Rack is set to close its doors by the end of summer. Anthropologie, also in the vicinity, will close this month. And Saks OFF 5th will shutter no later than this fall.

Last month, Whole Foods abruptly announced the temporary closure of their brand-new flagship store located in the struggling Mid-Market area, due to employee safety concerns.

Coco Republic said they are disappointed, to say the least, in their decision to close what they considered their "initial" flagship location in the U.S. But they add, "it is impossible to continue to keep the location open."

Anthony Spon-Smith, the company's creative director and founder, said the safety and well-being of customers and employees is Coco Republic's highest priority.

[Paladin2]

Just rebrand it as People’s Republic of Coco.

[lurk]

Those reparation checks for the freed slaves will come in just in time. There’s going to be no retail loot to take come Labor Day.

[No name given]

Welcome to hell, San Fran! You earned this!

[rktman]

More here:

https://freerepublic.com/focus/f-news/4152422/posts

😬👍

[dangus]

San Francisco is like a mall that is closing! The more it closes down, the more stores want to leave!

[monkeyshine]

The city needs some close-out deep-discount furniture for the homeless to sleep on.

[The Iceman Cometh]

Those reparation checks for the freed slaves will come in just in time

Why is money needed when they just run into the store and take what they want?

[Ronaldus Magnus III]

Born & raised near San Francisco, long before California became Kalifornia. We remember Playland at the Beach. We loved Fleet Week, with huuuuge aircraft carriers and the Blue Angels. Our parents would play the original song down below the updated version.

I have updated the song.

San Francisco, once a proud Golden Gate
Now they just defecate
Right out your door.

San Francisco
Now they desecrate
All that we love

San Francisco,
Never my home again
We run as far as can
Away from your shore

(Here is a little bit of the wonderful original)

San Francisco, open your golden gate
You’ll let nobody wait outside your door
San Francisco, here is your wanderin’ one
Saying I’ll wander no more.

San Francisco, I’m coming home again,
Never to roam again, by gum
San Francisco, I don’t mean Frisco
San Francisco, here I come!

[LizzieD]

Very high-end furnishings, so ya gotta have those really rich techies buying...but fewer and fewer rich techies will be living in SF so who’s gonna buy? The sooner they scram the better.

[DAC21]

Open only for six months! Sure the decision to open it predates that by many months but whomever the decision makers were should be fired. The writing on the wall of that $hit hole goes back years.

[SunkenCiv]

Hey, at least they've got their priorities straight -- COVID stoogery, fake Senator, homeless camps, open borders, higher taxes, LGTBQ...

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[P.O.E.]

Decades ago stayed at a nice hotel in Union Square - classy neighborhood. Decades ago.