A massive clothing retailer is now closing in California after many businesses have been largely impacted by a rise in crime.
Zara is due to shutter its doors at the location in the Union Square shopping district in downtown San Francisco in January 2025.
This is due to an expiring lease that Zara will not be renewing, a company spokesperson told local news station KRON-TV.
But Zara has not permanently exited the city, reports The-Sun.
Located a few blocks away, the location inside the Emporium Centre Mall will remain open.
Customer feedback about the Union Square store was mixed, with recent Google reviews suggesting a need for improvements.
Some customers expressed dissatisfaction with the store’s messy interiors, limited options, and long checkout lines.
San Francisco has suffered badly from store closures compared to other US cities as retailers have found their stores to be heavily impacted by crime.
In the last two weeks, Macy’s and The North Face became the latest stores to announce their departures from the city.
Despite the closure of the downtown San Francisco store, Zara is pursuing a broader physical retail strategy.
The Spain-based brand has a wider plan to revamp the brand’s presence across the US.
Zara is renovating 12 stores across the country, including prominent locations on Fifth Avenue in New York City and Michigan Avenue in Chicago.
Additionally, the chain is set to open 10 new stores, including locations at The Grove in Los Angeles and the Mall of Louisiana in Baton Rouge.
This expansion plan coincides with similar moves by other retailers, including Uniqlo, Ross Dress for Less, and Primark, all of which are eyeing growth opportunities.
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Also Read: Beloved Retailer With 850 Stores Will Now File Bankruptcy
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Other Economy News Today
A massive cosmetics company closes in New York, triggering layoffs as the company ceases operations nationwide.
Popular cosmetics chain The Body Shop has closed all of its stores in the United States, including a total of 7 locations in New York.
In a shock announcement, the popular cosmetics and personal care retailer The Body Shop has pulled out of the United States market entirely.
On March 1st, 2024, the company issued a press release stating that “The Body Shop US Limited has ceased operations,” effective immediately.
The abrupt closure has left hundreds of stores shuttered across the nation and an unknown number of employees unemployed.
Worker Adjustment and Retraining Notification (WARN) notices were filed this week with the New York Department of Labor.
Of the 66 total locations in the United States, seven were in New York—the second-most of any state.
Body Shop closures impact more than just New York.
In addition to closing all United States stores, 33 stores permanently closed in Canada, 77 in the United Kingdom, and 15 in Denmark.
The company’s restructuring process also means that the retailer has stopped accepting gift cards, will not sell new gift cards, or provide refunds, according to CBC News.
The Body Shop was acquired by AURELIUS GROUP in December 2023 and Alvarez & Marsal Canada Inc. was appointed as the Proposal Trustee.
This comes as The Body Shop plunged into financial trouble in its home country, the United Kingdom, reports The-Sun.
The company collapsed into administration on February 13 and administrators deemed the brand’s current portfolio “no longer viable” after “years of unprofitability,” according to The-Sun.
Around 270 head office jobs in the UK will be cut but The Body Shop did not reveal how many jobs had been lost in North America.
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Also Read: A New Round of Massive Layoffs Now Hits Pennsylvania
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