Looks like Old Navy is dropping out too and some idiot said, "it's no big deal"

[theking]

...as the stores can just "write it off".. :

Old Navy and Lululemon Latest Victims of Retail Crime Free-for-all

Old Navy has joined the likes of Nordstrom, Anthropologie and Saks Off 5th as fashion retailers pulling out of downtown San Francisco.

The announcement that the 72,000 square-foot store would not be renewing its lease on July 1 came as the location reportedly was hit with 22 shoplifting episodes in two days.

“Since our Market Street store opened in the 1990s, the way we leverage flagship locations has changed,” Gap Inc., the parent company of Old Navy, said in a statement. “We are already working to identify new locations in downtown San Francisco that will better serve the needs of the business and our customers.”

Gap Inc., which also includes The Gap, Banana Republic and Athleta, cites changes in market conditions unrelated to shoplifting. Those factors include a 30 percent vacancy rate in commercial real estate in downtown San Francisco that was just 4 percent pre-Covid plus the rise in homeless encampments scaring some shoppers away from downtown.

In a statement responding to the Old Navy closing, Gap Inc. affirmed its commitment to downtown San Francisco by noting plans to erect a flagship Banana Republic store on Union Square’s Geary Street.

“Gap Inc. has deep roots in San Francisco and is committed to the city,” the Bay Area-based apparel retail chain said in a statement. “We recently invested in renovating our Downtown San Francisco hub where our teams come together to develop new consumer experiences and product innovations.”

That global hub, which opened last June, unites all four Gap Inc. brands in a “laboratory” concept, which includes a coffee bar and “Co-Lab” maker studio where visitors can watch the fashion design process come together.

In its statement, Gap pointed customers to its remaining Old Navy stores in the Bay Area, including Daly City, Colma and Emeryville.

[DuMa]

Why don't these crooks go after them higher end stores like LV and prada?   Not much inventory in the front to steal from? 

Gap, Old navy is much needed because those stores and her prices are something that we lower tier class citizens can recognize. 

Keep on shoplifting and all you poor people in the city will have no where else to shop or rob.  The city loses.  22 episodes in 2 days?  Man that's straight up ghetto.