Another major retailer is leaving downtown San Francisco — this time Coco Republic, an Australian furniture store that is leaving the iconic Union Square less than a year after opening a flagship location there.
The ongoing retail exodus from San Francisco follows years of worsening crime, drugs, and homelessness, plus a wave of “mass looting” events that have caused many other retail stores and chains to leave the city.
Other reasons include a decline in foot traffic in downtown San Francisco as a result of pandemic restrictions that caused many workers to shift to work-from-home, and many residents to relocate outside of the city.Coco Republic, an Australian furniture retailer that invested heavily in a San Francisco showroom off Union Square, abruptly announced Wednesday that it would be closing the store, less than a year after it opened on Stockton Street, across the street from Macy’s.
The reason given was safety of its shoppers, along with a significant drop in foot traffic that has not returned since the COVID-19 lockdowns of 2020 and 2021, according to a statement released to The Chronicle. “We invested extraordinary time and capital in our initial U.S. flagship store in Union Square,” said Anthony Spon-Smith, Coco Republic’s creative director and founder, who is based in Sydney. “Less than six months from opening, we could not be more disappointed to be shuttering this flagship location in our sister city, but ultimately, the safety and well-being of our customers and employees is our highest priority.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Sharp & Fine’s new dance asks a lot of big questionsSan Francisco dance troupe’s new work debuts May 12 at Z Space in San Francisco.
Leer más »
Coco Republic Closings Its San Francisco Union Square DoorsAnother major retailer is closing up shop in San Francisco’s Union Square shopping district. After only being open seven months, Coco Republic’s owner says it couldn’t overcome the city’s challenges in recovering from the pandemic.
Leer más »
Target in San Francisco slammed by ‘10 thefts a day,’ employees sayShampoo, deodorant, toothbrushes, makeup, snacks and other everyday items are now locked up behind plastic cases in a San Francisco location.
Leer más »
San Francisco surf photographer turns lens on women and athletes of colorSachi Cunningham has dedicated her life to capturing once-in-a-lifetime shots of some of the best surfers in the world, as they ride some of the biggest waves on the planet.
Leer más »
Oakland: San Francisco man arrested in cleaver attack on BART trainThe transit agency reported that the stabbing victim was one of several people who ran through multiple cars of the train to escape the cleaver-wielding man as it traveled along the bottom of San F…
Leer más »
Oakland: San Francisco man arrested in cleaver attack on BART riderThe transit agency reported that the stabbing victim was one of several people who ran through multiple cars of the train to escape the cleaver-wielding man as it traveled along the bottom of San F…
Leer más »