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Economy
Old Navy Closes Flagship Store in San Francisco Amid Wave of Retail Theft Entitlement
2023-05-31
[Free Beacon] Old Navy will close its flagship store in downtown San Francisco, the company announced Friday, joining a slew of chains that have shuttered stores amid rampant crime and retail theft.

An Old Navy employee told a local CBS affiliate the store, which has been open for more than two decades, has become a frequent target of shoplifting.

"They're [shoplifters] there every day. When I'm on the floor walking around I would say at least 12, 14 during the day," the employee, who wished to remain anonymous, said. "It's really bad because it's downtown San Francisco and it's really out of control."

Old Navy is the latest retail company to close stores in downtown San Francisco. Nordstrom announced earlier this month that it would be closing both of its downtown locations this summer, and Saks OFF 5th said its only location in San Francisco would close in the fall. Whole Foods closed its "flagship" location in San Francisco in April, citing the "safety" of its employees.

In 2021, Walgreens closed five stores in San Francisco, citing the challenges posed by an "organized retail crime" wave.

The San Francisco-Oakland area ranks as the second-most affected by organized retail crime, behind only Los Angeles, according to a National Retail Association survey. The company did not mention crime in a statement to the CBS affiliate, saying the "difficult decision" was made after evaluating the company’s "real estate portfolio."

Related:
Old Navy: 2023-05-28 San Francisco Old Navy to become latest store to shut down in crime-ridden city
Old Navy: 2021-04-10 First photo released of Fort Detrick killer… -
Old Navy: 2019-04-07 "Hero" Mom Charged With Falsely Accusing a Man of Trying to Kidnap Her 5-Year-Old at the Mall
Related:
Downtown San Francisco: 2023-05-28 San Francisco Old Navy to become latest store to shut down in crime-ridden city
Downtown San Francisco: 2023-04-10 San Francisco Circling the Drain?
Downtown San Francisco: 2022-02-12 Reports: San Francisco City Helps Keep Americans on Drugs
Posted by:Besoeker

#6  I don’t think the liquidation sale brought in much money.
Posted by: Super Hose   2023-05-31 13:00  

#5  It is a known that today's retail business model holds that store locations in suburbs exist to fund the locations in big cities that exist soley as redistribution centers. And now, that model is beginning to collapse as it is unsustainable. With all the talk of "sustainability" the truth is that nothing about today's societal compact is sustainable.
Posted by: Rex Mundi   2023-05-31 10:45  

#4  It would be fascinating to explore where the stolen merchandise ends up. Curbside street sales or discount stores in other parts of the bay area? Aside from a few LGBTQ... exceptions, the styles pf Old Navy beyond hoodies and sweats don't fit the cultural fashion sense of most of the feral acquisition artists.
Posted by: NoMoreBS   2023-05-31 10:45  

#3  Uhem...
"Declining Profit Margins"

Turning this around will require the leveraged during Live and Let Live plus interest. That is, more of security guard shoots down tranny thief.

IIUC that's how New York City cleaned itself up; law enforcement -of any kind- given some liberty on lethal force, and staking out businesses until the risk level for robbers became a deterrent.

Of course that requires the legal and community fortitude for a year or two of some messiness.

It appears, at the moment, that roll is a hard 20.
Posted by: swksvolFF   2023-05-31 10:41  

#2  Decivilization continues.
Posted by: Procopius2k   2023-05-31 07:39  

#1  

Gap, Inc., owns Old Navy and has a perfect CEI score of 100. Sometimes you get what you ask for.
Posted by: DooDahMan   2023-05-31 06:07  

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