Westfield pulling out of downtown San Francisco

[veerigadu]

SFO lo desi kids will be infected with this woke mindset. Dems galla wokeee emooo athivrusthiiii….repubs gallaaa gun cultures emooo anavrustiii. Iddaruuu landaaasurrrr galleee…Saripoyaruuu.ATL is still safe. Thankfully 

[Anta Assamey]

Penta Penta chestunaru manchi city ni...

[MiryalgudaMaruthiRao]

2 minutes ago, veerigadu said:

SFO lo desi kids will be infected with this woke mindset. Dems galla wokeee emooo athivrusthiiii….repubs gallaaa gun cultures emooo anavrustiii. Iddaruuu landaaasurrrr galleee…Saripoyaruuu.ATL is still safe. Thankfully 

ba Atlanta lo a area lo better cheppu

Bay Area vadili10givachestha

[tennisluvrredux]

6 minutes ago, MiryalgudaMaruthiRao said:

ba Atlanta lo a area lo better cheppu

Bay Area vadili10givachestha

Suwanee

[tennisluvrredux]

Nice happened though, every business should pull out of that city and that city needs to burn with all the riots. 

[tennisluvrredux]

1 hour ago, Spartan said:

In another big blow to San Francisco’s downtown, Westfield will be pulling out from operating San Francisco Centre’s largest mall. The company had operated San Francisco Centre for more than two decades, but a steep decline in shoppers and an increase in “challenging operating conditions” heavily impacts sales numbers.

A spokesperson for Westfield wrote Monday, “For more than 20 years, Westfield has proudly and successfully operated San Francisco Centre, investing significantly over that time in the vitality of the property. Given the challenging operating conditions in downtown San Francisco, which have led to declines in sales, occupancy and foot traffic, we have made the difficult decision to begin the process to transfer management of the shopping center to our lender to allow them to appoint a receiver to operate the property going forward.”

Westfield listed troubling performance numbers as reasons for its decision to leave San Francisco. Westfield’s spokesperson wrote:

• “We have seen a significant decrease in total sales at San Francisco Centre from $455 million in 2019 to $298 million in Dec 2022 YTD, a period where Westfield Valley Fair in neighboring San Jose experienced a +66% increase in sales, URW’s California Flagships center’s sales increased by +26% and our overall US Flagship sales have increased by +23%.”
• “Since 2019 foot traffic has decreased to 5.6 million visits (Dec 2022 YTD) from 9.7 million, a 43% drop at a time when our US Flagship portfolio has seen a 98% recovery.”
• “The center’s occupancy level has decreased dramatically to approximately 55% including already announced closures of tenants such as Nordstrom, Banana Republic and others.  Our US Flagship portfolio occupancy averages around 93%.”

Mayor London Breed told KRON4 on Monday that the move was not unexpected.

“This has been something that has been coming for some time. We’ve had numerous conversations with Westfield about the future of this site, and it’s been clear that they did not have a long-term commitment to San Francisco. With new management, we will have an opportunity to pursue a new vision for this space that focuses on what the future of Downtown San Francisco can be,” Mayor Breed wrote.

Breed continued, “Whether that’s attracting new types of business, or educational institutions, or creating a totally different experience, we need to be open to what’s possible. Retail is changing, and we will adapt to diversify and better use spaces in our Downtown area.”

Stores at the mall will remain open and operate under new management, the mayor said.

“The public safety resources we’ve dedicated to the area, including ambassadors and police officers, remain in place. The stores are still a part of our Downtown experience and we will continue to support this area to make it clean, safe, and inviting for everyone,” Breed wrote.

Community ambassadors will continue to be posted on Market Street, between 4th and 5th streets, Hallidie Plaza, and by the Powell Street BART station.

Next up is the $5 million payout to each black resident of the city, ready aa mari nee paycheck lo 50% samarpinchukodaniki? 

Ivvakapothey city ni tagalabetti mingutharu BLM candidates. 

[JaiBalayyaaa]

1 hour ago, Spartan said:

In another big blow to San Francisco’s downtown, Westfield will be pulling out from operating San Francisco Centre’s largest mall. The company had operated San Francisco Centre for more than two decades, but a steep decline in shoppers and an increase in “challenging operating conditions” heavily impacts sales numbers.

A spokesperson for Westfield wrote Monday, “For more than 20 years, Westfield has proudly and successfully operated San Francisco Centre, investing significantly over that time in the vitality of the property. Given the challenging operating conditions in downtown San Francisco, which have led to declines in sales, occupancy and foot traffic, we have made the difficult decision to begin the process to transfer management of the shopping center to our lender to allow them to appoint a receiver to operate the property going forward.”

Westfield listed troubling performance numbers as reasons for its decision to leave San Francisco. Westfield’s spokesperson wrote:

• “We have seen a significant decrease in total sales at San Francisco Centre from $455 million in 2019 to $298 million in Dec 2022 YTD, a period where Westfield Valley Fair in neighboring San Jose experienced a +66% increase in sales, URW’s California Flagships center’s sales increased by +26% and our overall US Flagship sales have increased by +23%.”
• “Since 2019 foot traffic has decreased to 5.6 million visits (Dec 2022 YTD) from 9.7 million, a 43% drop at a time when our US Flagship portfolio has seen a 98% recovery.”
• “The center’s occupancy level has decreased dramatically to approximately 55% including already announced closures of tenants such as Nordstrom, Banana Republic and others.  Our US Flagship portfolio occupancy averages around 93%.”

Mayor London Breed told KRON4 on Monday that the move was not unexpected.

“This has been something that has been coming for some time. We’ve had numerous conversations with Westfield about the future of this site, and it’s been clear that they did not have a long-term commitment to San Francisco. With new management, we will have an opportunity to pursue a new vision for this space that focuses on what the future of Downtown San Francisco can be,” Mayor Breed wrote.

Breed continued, “Whether that’s attracting new types of business, or educational institutions, or creating a totally different experience, we need to be open to what’s possible. Retail is changing, and we will adapt to diversify and better use spaces in our Downtown area.”

Stores at the mall will remain open and operate under new management, the mayor said.

“The public safety resources we’ve dedicated to the area, including ambassadors and police officers, remain in place. The stores are still a part of our Downtown experience and we will continue to support this area to make it clean, safe, and inviting for everyone,” Breed wrote.

Community ambassadors will continue to be posted on Market Street, between 4th and 5th streets, Hallidie Plaza, and by the Powell Street BART station.

@Spartanki SF city nasam ayye daka nidrapattadu. All posts same theme

[MiryalgudaMaruthiRao]

18 minutes ago, tennisluvrredux said:

Suwanee

nice oks 500-600 peditey manchi house and good schools

GA lo sales  tax entha @veerigadu uncle

property tax  entha

[MiryalgudaMaruthiRao]

16 minutes ago, tennisluvrredux said:

Next up is the $5 million payout to each black resident of the city, ready aa mari nee paycheck lo 50% samarpinchukodaniki? 

Ivvakapothey city ni tagalabetti mingutharu BLM candidates. 

already pg&e bill penuchi 10garu

emi vadakunda 200 vastondi

[tennisluvrredux]

16 minutes ago, MiryalgudaMaruthiRao said:

already pg&e bill penuchi 10garu

emi vadakunda 200 vastondi

Same for us

[Vaaampire]

1 hour ago, tennisluvrredux said:

Woke culture will eat itself, it's a virus that destroys itself. 

San Francisco is just the host for now, once it destroys SF it will move on to the next target

I dont think its work culture 

[Spartan]

Just now, Vaaampire said:

I dont think its work culture 

work kadanna.... WOKE

[tennisluvrredux]

17 minutes ago, Vaaampire said:

I dont think its work culture 

WOKE anna not work

[hydusguy]

2 hours ago, Spartan said:

In another big blow to San Francisco’s downtown, Westfield will be pulling out from operating San Francisco Centre’s largest mall. The company had operated San Francisco Centre for more than two decades, but a steep decline in shoppers and an increase in “challenging operating conditions” heavily impacts sales numbers.

A spokesperson for Westfield wrote Monday, “For more than 20 years, Westfield has proudly and successfully operated San Francisco Centre, investing significantly over that time in the vitality of the property. Given the challenging operating conditions in downtown San Francisco, which have led to declines in sales, occupancy and foot traffic, we have made the difficult decision to begin the process to transfer management of the shopping center to our lender to allow them to appoint a receiver to operate the property going forward.”

Westfield listed troubling performance numbers as reasons for its decision to leave San Francisco. Westfield’s spokesperson wrote:

• “We have seen a significant decrease in total sales at San Francisco Centre from $455 million in 2019 to $298 million in Dec 2022 YTD, a period where Westfield Valley Fair in neighboring San Jose experienced a +66% increase in sales, URW’s California Flagships center’s sales increased by +26% and our overall US Flagship sales have increased by +23%.”
• “Since 2019 foot traffic has decreased to 5.6 million visits (Dec 2022 YTD) from 9.7 million, a 43% drop at a time when our US Flagship portfolio has seen a 98% recovery.”
• “The center’s occupancy level has decreased dramatically to approximately 55% including already announced closures of tenants such as Nordstrom, Banana Republic and others.  Our US Flagship portfolio occupancy averages around 93%.”

Mayor London Breed told KRON4 on Monday that the move was not unexpected.

“This has been something that has been coming for some time. We’ve had numerous conversations with Westfield about the future of this site, and it’s been clear that they did not have a long-term commitment to San Francisco. With new management, we will have an opportunity to pursue a new vision for this space that focuses on what the future of Downtown San Francisco can be,” Mayor Breed wrote.

Breed continued, “Whether that’s attracting new types of business, or educational institutions, or creating a totally different experience, we need to be open to what’s possible. Retail is changing, and we will adapt to diversify and better use spaces in our Downtown area.”

Stores at the mall will remain open and operate under new management, the mayor said.

“The public safety resources we’ve dedicated to the area, including ambassadors and police officers, remain in place. The stores are still a part of our Downtown experience and we will continue to support this area to make it clean, safe, and inviting for everyone,” Breed wrote.

Community ambassadors will continue to be posted on Market Street, between 4th and 5th streets, Hallidie Plaza, and by the Powell Street BART station.

zombie city.. zombie malls vastayemo.. 

[Thokkalee]

1 hour ago, veerigadu said:

SFO lo desi kids will be infected with this woke mindset. Dems galla wokeee emooo athivrusthiiii….repubs gallaaa gun cultures emooo anavrustiii. Iddaruuu landaaasurrrr galleee…Saripoyaruuu.ATL is still safe. Thankfully 

Sad that the extreme groups of both parties are getting more and more prominent (getting elected, more news coverage, etc) while the ones in the center are being sidelined..