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> > Additionally, retailers have been closing their San Francisco locations in droves, citing crime, homelessness, and drug use... "Walgreens Executive Says Sh
by pengaru 3y ago
> > Additionally, retailers have been closing their San Francisco locations in droves, citing crime, homelessness, and drug use...
"Walgreens Executive Says Shoplifting Threat Was Overstated" [0]
"Recent Retail Closures in U.S. Cities Follow Trends Established Before the Pandemic" [1]
Retail is just dying, but of course they're going to blame something other than their own failing / inability to compete with Amazon and the like.
[0] https://www.nytimes.com/2023/01/06/business/walgreens-shoplifting.html https://www.nytimes.com/2023/01/06/business/walgreens-shopli...
[1] https://www.planetizen.com/news/2023/05/123289-recent-retail-closures-us-cities-follow-trends-established-pandemic https://www.planetizen.com/news/2023/05/123289-recent-retail...
- inferiorhuman 3y agoWalgreens also just settled with San Francisco over their contribution to the opioid crisis in San Francisco. They also recently fired the security firm* that killed the alleged shoplifter. There's a lot going on with retail both in the Bay Area and nationwide. To pin it on failed San Francisco policy is more than a bit reductivist. * Target hired the same firm to provide armed guards at some of their East Bay stores
- Vervious 3y agoWe should still expect retail to be alive and well in cities, where people aggregate. The JP Morgan Chase institute report cited by [1] looked exclusively at the impact of WFH and covid. With the pandemic now "over", we should expect SF to bounce back, as did NYC (which now has fewer retail vacancies than pre-pandemic) and many other cities. In particular, NYC feels incredibly vibrant right now, more-so than pre-pandemic. Maybe it's because of tourism, which is at 110% of pre-pandemic levels. In comparison, SF feels like it got left behind.