In October, a Coco Republic executive said 'San Francisco is finally getting its mojo back.' Now, the company says 'an increasingly challenging environment' downtown means it must close its Union Square furniture store.
An Australian furniture seller is joining the growing list of companies to shuttering stores in San Francisco's Union Square, closing its U.S. flagship store just months after it opened as the opening of a rival retailer down the street looms.
In a statement to SFGATE, a spokesperson pointed to closures of Whole Foods, Nordstrom, Saks Off 5th and Anthropologie to say that"ours is not an isolated problem in Union Square, and we hope The City will be able to address the issues that are making it so challenging to do business there." "We remain committed to the site and will be sharing our exciting plans for the grand opening celebration of IKEA San Francisco in the coming months," a spokesperson told The Examiner in an email on Wednesday afternoon.
Former Uber official sentenced to three years' probation for lying about data breach The former Uber chief was sentenced last week for covering up the 2016 data breach during an FTC investigation The company also opened its 53,000-square-foot San Francisco store in the aftermath of the COVID-19 pandemic, which fundamentally changed the way customers shop. Much like the clothing retailers Coco Republic cited, online sales form an increasingly large share of furniture sales.
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