Nordstrom, Nordstrom Rack, and Saks Off Fifth are all bailing out of what used to be a safer and more vibrant city. Nordstrom cites "rampant criminal activity" and blight as the chief reasons it’s pulling up stakes.
As we’ve reported, Whole Foods closed a key store recently in what used to be a lovely area before drug-addled "homeless" people and "organized retail theft" gangsters began stealing the merchandise. The city "leaders" chose not to enforce laws against tent-dwelling, fentanyl zombies, and crackheads. As a result, the people who are not tent-dwelling fentanyl zombies and crackheads decided to follow the employers and leave. This is what we call a market tell.
When Walgreens closed five stores, Mayor London Breed claimed the retailer did it only to cut costs. It was true. Walgreens got tired of — together now — tent-dwelling fentanyl zombies, crackheads, and organized retail theft gangs stealing its stuff. The pharmacy and all-purpose store had to spend fifty times more on security for its San Francisco stores than its others. Security staff could only wave at thieves as they walked out with $950 worth of stuff.
