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‘San Francisco changed dramatically’ – Nordstrom is bailing on a flagship store

fortune.com

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Re: ‘San Francisco changed dramatically’ – Nordstrom is bailing on a flagship store

#101

Post by unforeseen9991 »

kyleee wrote: post #97
notthemessiah wrote: post #65

Seems luxury retail is dying more so to cheaper competition from fast-fashion such as Zara, to individualized fashion online from Etsy, to hypebeast brands that seems to target younger demographics, to rising commercial real-estate rents and failure of shopping malls, to competition from delivery services, an an aging target audience (I don't know any millennials or younger who shop at Nordstrom). Retail theft is a d…

I am certain they are having a hard time getting customers in the younger demographics. For instance they rebranded their rewards program to “Nordy Club” in a ham fisted attempt to be hip. Just one telling example and I am sure they wasted millions on it.

Turns out when you fuck over the younger generation economically they don't have any money left for luxury goods. Who knew?

Re: ‘San Francisco changed dramatically’ – Nordstrom is bailing on a flagship store

#102

Post by unforeseen9991 »

berbec wrote: post #11
archo wrote: post #2

‘The dynamics of the downtown San Francisco market have changed dramatically’: Nordstrom is bailing on a flagship store that’s 35 years old : https://archive.is/ozsZh

infinite captcha for me :(

Are you on mobile? I have had this happen a few times now but no issues on desktop

Re: ‘San Francisco changed dramatically’ – Nordstrom is bailing on a flagship store

#103

Post by httpz »

While malls are declining nationwide, you can't deny the general safety of the area around this specific Nordstrom is an issue.

When I walked out of the rear entrance of Nordstrom towards Mission St, I immediately smelled urine and saw five homeless person laying on the ground, Nobody else was on the street.

I used to walk around this area everyday to go to work before the pandemic. It was a busy area with a lot of tech workers, tourists, and conference attendees. It's not the same anymore.

Re: ‘San Francisco changed dramatically’ – Nordstrom is bailing on a flagship store

#104

Post by klipklop »

This situation is a perfect storm of:

   * Even post-covid it appears they are getting less customers coming in and buying stuff.

   * Due to deteriorating economic conditions more young people are willing to loot the store(s) than in the past. Almost like it's some form of revenge against the current system.

   * California, by vote, has softened their position on looting and shoplifting.
We can pretend to be sad about it, but we have all collectively "voted" in many ways to end many forms of retail shopping. You can blame it on local SF politics, but really SF is just 5-10 years ahead of other metro areas. Often what happens in California's largest cities spreads to the rest of the country over time. This means both good and bad trends.

I am not going to apply morality or a political slant to it, but we should evaluate what we want our cities to be like. If city living means high prices, high rate of property crimes and hollowed out empty commercial real estate, who would want to live there?

Re: ‘San Francisco changed dramatically’ – Nordstrom is bailing on a flagship store

#107

Post by QuercusMax »

SllX wrote: post #25
QuercusMax wrote: post #7

Earlier quoted context omitted.

Part of the issue is that articles like this one tend to conflate individual poor people shoplifting small items with these organized gangs. These gangs aren't shoplifters, and calling them such is extremely misleading.

We shouldn’t tolerate shoplifters either. Theft is theft.

But shoplifting is different from organized smash-and-grab gangs; different causes, different solutions. Conflating all retail theft is simply misleading.

Re: ‘San Francisco changed dramatically’ – Nordstrom is bailing on a flagship store

#109

Post by darth_avocado »

ribosometronome wrote: post #91
darth_avocado wrote: post #55

Earlier quoted context omitted.

It’s typical of people who don’t live in SF to completely downplay the situation there as “propaganda” because it puts their favorite tribe under scrutiny. Stores can be shut down in one place for a specific reason while another place for a completely different reason. Nordstrom is located in probably the most expensive real estate in San Francisco, while the conditions just outside the stores are deteriorating. If t…

>It’s typical of people who don’t live in SF to completely downplay the situation there as “propaganda” because it puts their favorite tribe under scrutiny. This feels pretty unnecessarily pointed while simultaneously kind of at odds with the point you're arguing in the next paragraph. It's not like San Jose isn't also a strong dem city. Shouldn't the apparent success you're pointing out in SJ while they struggle in…

Right, the point I was trying to make is that success or failures happen regardless of who’s in power. But they don’t get discussed as such. Criticism of SF often pulls plenty of people to defend or even dismiss the actual reality because for some, accepting reality also means accepting flaws in their beliefs.

Re: ‘San Francisco changed dramatically’ – Nordstrom is bailing on a flagship store

#110

Post by lamontcg »

lusus_naturae wrote: post #3

I fail to understand how this is different from organized rings of train robbers in the old, old west. Maybe we need modern day cowboys now (per my recollection, cowboys played both sides of the law)? Most likely we'll have security drones, like Boston Dynamics's robot dog. Edit to say that having people hounded by security drones sounds like a terrible state of affairs. Having businesses robbed by organized gangs do…

Third world wealth equality conditions correlates with third world social conditions.
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