Bay Area/ San Francisco/ Retail & Industry
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Published on January 06, 2024
Adidas to Shut Down San Francisco Centre Store Amid Retail Downturn on Market StreetSource: Google Street View (via SFist)

San Francisco's retail scene takes another hit as the Adidas store prepares to close its doors in the city's largest mall. Located on Market Street at the beleaguered San Francisco Centre, the sports apparel giant is throwing in the towel with a final liquidation sale slashing prices in half, as per SFist. Struggling with a downturn that has already seen key players like Nordstrom and the Cinemark movie theater exit stage left, the mall is grappling with vacancies that challenge its future viability.

Amid reports from the San Francisco Chronicle, the closure of the Adidas outlet, slated for January 13, marks another blow to the retail landscape. As of the brick-and-mortar presence fading, Livermore Premium Outlets houses the nearest Adidas store. The San Francisco Centre, formerly known as the Westfield San Francisco Centre, lost its dazzle after defaulting on a $558 million mortgage last year.

While smaller businesses and Bloomingdale's cling on, the mall's occupancy is teetering at half. Big name exits have carved out more than a third of the center's retail space. The departure of Adidas only compounds the issue, leaving another gaping storefront in a block already marred by Old Navy's flagship closure, as documented by SFist.

The mall's current manager, Trident Pacific, stepped in last fall with the court's blessing. Tasked with stabilizing the sinking retail ship, their strategies are focused on upping security and filling empty spaces in a bid to make the property more attractive to potential buyers. Despite these efforts and the center's prime location, national retail and entertainment trends are taking an undeniable toll, with once loyal shoppers now turning their backs.

As a hub that used to brim with the hustle and bustle of commerce and leisure, the San Francisco Centre now reflects a transformed urban retail environment. The city watches as yet another retailer bows out, with Adidas' forthcoming vacancy echoing an unsettling silence through Market Street's once-thriving corridor.