San Francisco's largest mall loses more retailers as exodus continues
foxbusiness.comThe San Francisco Beat host Erica Sandberg breaks down gutted Main Street stores on Varney & Co.
Tenants continue to flee San Francisco’s largest mall, the beleaguered Westfield San Francisco Centre, with another string of retailers announcing that they are packing up in the past month.
Clothing retailer J. Crew, its sister brand Madewell, shoe store Aldo, and Lucky Brand all said in recent weeks that they are shuttering their locations at the shopping center. According to the New York Post, the flurry of departures will leave the mall at only 25% occupancy.
Signs are posted on the exterior of the Westfield San Francisco Centre on April 13, 2022, in San Francisco, California. (Photo by Justin Sullivan/Getty Images / Getty Images)
The mall was hit with a major blow last year when its anchor store, Nordstrom, announced that it was closing both of its downtown San Francisco locations due to the «dynamics» of the area.
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In June, the mall’s owner, Westfield, announced that it would be handing the property back to a bank due to «the challenging operating conditions in downtown San Francisco.» Days later, Cinemark Holdings announced that it would be closing its theater at the mall.
Cinemark Holdings Inc. shut down its theater in the Westfield San Francisco Centre last year amid an exodus of tenants at the mall. (Christopher Lee/Bloomberg via Getty Images / Getty Images)
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The Post reported that a judge has appointed Gregg Williams of Trident Pacific Real Estate Group to take over management of San Franciso Centre, but
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