After 162 years the store says we are closing because of so much crime.
share
"Gump's previously closed in December 2018 after filing for Chapter 11 bankruptcy, but it reopened the following year after being purchased by Chachas."
The store has had financial problems for many years.
Not surprising, having teh city turn into a LITERAL shit hole with high crime, probably discouraged customers nicely.
Not like it started last week.
Put your money where your mouth is! Help keep the shop open with a purchase of a lovely coffee pot for $1,275:
https://gumps.com/collections/mugs-teacups-drinkware-tabletop
Hey, rich West Coast people have been happy to spend money on shit like that for over a hundred years. Are you pretending to not be aware of that? Did you miss all the stupid rich people like, forever?
Have you ever told the truth about anything?
"Gump's San Francisco could close after 166 years due to dwindling foot traffic"
Not anymore. People work from home. Many downtown areas have less foot traffic, therefore stores are closing. There were record bankruptcies because of Covid which continue:
"... out of 203 retailers open in 2019 in the city's Union Square area, just 107 are still operating, a drop of 47 percent in just a few pandemic-ravaged years"
31% office vacancies; 65% less foot traffic; $196 million less tax revenue:
"https://i.dailymail.co.uk/1s/2023/08/16/15/71966347-12412993-An_analysis_of_official_figures_and_other_research_reveals_San_F-a-1_1692195936606.jpg";
You don't understand Capitalism, the economy nor business.
Yes this is just as likely adding the exodus of the white shopper to the crime and shoplifting.
shareHelp keep them in business! You can buy a lovely hairpin for the lady in your life for $2,995:
https://gumps.com/collections/brooches-hairpins
That is for the one white person left in San Fransisco.
shareBuy online. Save the store!
shareWhat have you bought?
shareYour local chapter of the MC KKK should pool your resources together and buy something.
shareSo did you buy something?
shareI'm not the one raving about its closure by scapegoating a marginalized group which is typical Fascist behavior. You are!
I'm convinced a bunch of rich execs pillaged the store's coffers and screwed over the working-class employees.
Not cool that owner John "Let them eat cake" Chachas, multi-millionaire Republican is whining about poor people around the store. What an elitist, arrogant POS he is!
"Aug 13, 2018 — Gump's, a storied luxury department store in San Francisco, has begun a going-out-of-business sale after 157 years in business."
https://www.wsj.com/articles/157-year-old-department-store-gumps-begins-store-closing-sale-1534190220
"The return of Gump’s: After bankruptcy, new owners test out a second act. Second acts are not easy in retailing. The list of stores that haven’t succeeded is unfortunately long and studded with well-known names."
https://businessofhome.com/articles/the-return-of-gump-s-after-bankruptcy-new-owners-test-out-a-second-act
>I'm not the one raving about its closure by scapegoating a marginalized group which is typical Fascist behavior.
You're blaming the management; not the fact that SF economy is plummeting under Democrat rule, and certainly not blaming the shoplifters because the city is now a crime-ridden shithole.
Yes, management is in charge of managing their own stores. A multi-millionaire former investment banker whining about impoverished homeless people is a bad look.
"Let them eat cake!"