Zero Hedge | May 29, 2023
Add the Old Navy store in downtown San Francisco to the ever-expanding list of retail stores closing up shop this year. So far, Nordstrom and Nordstrom Rack, Saks Off 5th, Anthropologie, Coco Republic, Whole Foods, T-Mobile, and a slew of other retail shops have shuttered operations in the crime-ridden progressive-run city because officials are failing to enforce law and order, which has led to a massive surge in thefts.
According to NBC Bay Area, Old Navy’s parent company Gap Inc. wrote in a statement that its store, located at 801 Market Street, will close its doors on July 1. The company is attempting to find a new location in the downtown district that “will better serve the needs of the business and our customers.”
In other words, the company is relocating from the Market Street location because of out-of-control crime. The other retailers we noted above have specifically mentioned crime as the leading driver in shuttering downtown operations.