Nordstrom closes San Francisco store, ending 35-year run; 47% closures since 2019, due to challenging conditions and theft.

Here’s a map of notable store closures in downtown San Francisco.

As foot traffic has declined and theft has grown, stores are closing down.

Yet another sign of the pain consumers are feeling from inflation.

Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/CKf75xUiB9

— The Kobeissi Letter (@KobeissiLetter) August 30, 2023