You can still get your children their own zamboni at FAO Schwartz for only $350.
bttt
They probably had a very long term lease, taken out many years ago, that was so far under market, it was likely the majority of their store profit. [there are thousands of businesses out there in that situation: They would not be profitable businesses if they had to pay contemporary lease rates.] If you go look at pix of the store, it is not a Saks Fifth Avenue deal, it’s more like a mom & pop store.
And this article https://abc7news.com/jeffreys-toy-store-mom-and-pop-business/573148/ says the landlord wanted a 500% rent increase.
Any comment from Pelosi?
Guess not.
Keep voting Democrat California.
These stores should all move to Red States - in safe suburban locations. They would do very well.
Bookmark
I’m 52 years old and have some advice for young Freepers in their 20’s & 30’s that want to make money & grow families.
Young man,
Turn your gaze from the city to the country, that is where your fortune & family will grow & prosper over the next two decade.
Tough times are coming.......Seize your opportunity like your ancestors did.
San Francisco is Gov. Greaseball’s home base. He cut his teeth turning the City by the Bay into a sewer, and now he is doing the same to the entire state. Lock step Marxist that he is, Greaseball wants to bring his evil and destruction to the entire nation as the ‘RAT candidate for president in 2024 or 2028.
By moving to another state they would be investing their personal capital and competing for business in whats likely to be an already saturated market. And its likely the owners just want to get out of the hassle. Their business as a going concern is probably worth 0.
They are at the corner of Kearny and Maiden Lane. Back in the day (just four years ago) Maiden Lane was a high-toned location for expensive ladies boutiques, etc. This is just off Union Square, home to Macy’s, Saks, Nieman Marcus, etc. Its where rich women shopped.
I passed by there, entered Jeffries, walked through Maiden Lane, etc, last May. Mostly empty storefronts.
All gone, or going soon. Saks is closing this year I think. From what I’ve seen there Macy’s too is not long for this world. No foot traffic and little merchandise.
Maybe they should invite Xi back for a visit. SF proved that they could clean up the streets for a few weeks
Landlord wanted a 500% rent increase. When a third of the city is vacant. For some reason this store was not wanted.
Moved to San Francisco in the early 90s, great town, so much fun, so beautiful. Then Newsome became mayor in 2004 and destroyed it, then he became Governor of the state and destroyed the joy of living there. The only good thing is it is still a beautiful state you just can’t enjoy it other than a few secluded areas. Moved out of SF in 2016 and out of state 2019.
all these closures provide an opportunity for a right thinking Bay Area city that believes in enforcing the law
You can still get your children their own zamboni at FAO Schwartz for only $350.