Bye bye tax base - California

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No big surprise - from the California Globe:

Nordstrom, Saks Off Fifth Announce They Are Leaving San Francisco
High-end department stores Nordstrom and Saks Off Fifth became the latest retail stores to vacate San Francisco on Tuesday, with the 3 large locations representing over 500,000 square feet of retail space expected to be completely vacated by the early fall.

For several years, large chains and small businesses alike have been leaving San Francisco, either closing permanently or relocating operations outside the city. In the case of small businesses, some have left the area entirely, moving out of state or to other areas in the state. For the last few years, for example, Walgreens has closed more and more stores in the city due to the massive amount of crime within its stores. Higher-end stores have also cited break-ins and crime as major reasons for leaving. And just within the last two months, all Amazon Go stores, Anthropologie, several high-end Union square stores, and the flagship Whole Foods store have all announced that their doors will be closing, along with multiple non-chain stores throughout the city.

And Gruesome Newsome is running for President of the USA.
Delusional...

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This page contains a single entry by DaveH published on May 2, 2023 8:49 PM.

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