If you want to be able to buy things, you need to have stores, unless you want to believe that we should order everything from Amazon. That is something I reject. Nike is permanently closing this massive factory store for a scary reason
Pacific Northwest city Portland, Ore., has also seen petty theft and shoplifting affect stores' bottom line. Its very own Nike has decided to permanently close its large factory store as it sees theft cut into its profits.
Society is built on security. Without security stores will close. Businesses will close if they can't keep their employees safe. The Blue Cities, like Portland, have decided that enforcing the law is mean. And the result should surprise no one.
The store closed in 2022 after local news station KGW-TV reported "brazen" thefts had been "stealing armloads of Nike merchandise and walking out the front door with no fear of being stopped."
Nike had the 2nd highest reported incidence of shoplifting since 2019 at 437 cases. Second only to Target's reported 650 cases. Businesses cannot operate under those circumstances indefinitely.
Portland isn't alone, of course. 2 dozen retailers have abandoned San Fracisco.
About two dozen stores have announced plans to vacate San Francisco as its crime issues remain unresolved, retail crime has been a hot topic that's proven difficult to solve. Some such retailers, which include Old Navy, Banana Republic, Crate & Barrel, AmazonGo, Saks Off Fifth, Anthropologie and Office Depot, have issued statements explaining inventory shrink and other foot traffic patterns made business in the area untenable.
The result is that sales tax revenue in San Francisco is down 25% from the first quarter of 2019 to 2023.
No comments:
Post a Comment
Comment Moderation is in place. Your comment will be visible as soon as I can get to it. Unless it is SPAM, and then it will never see the light of day.
Be Nice. Personal Attacks WILL be deleted. And I reserve the right to delete stuff that annoys me.