CEO Closes San Francisco Store Over City That Has “Descended Into Chaos”
Davis Smith, the founder of popular clothing and gear outfitter Cotopaxi, announced he is closing his San Francisco store because the area has “descended into a city of chaos.”
Smith cited robberies, constant vandalism, and fears for the safety of his employees for his decision to shutter the store he opened “in a charming shopping district” a year ago.
Smith said that the Democrat-run city’s refusal to do anything about theft and safety makes it impossible to run the business.
“Our team is terrified,” Smith wrote on LinkedIn.
“They feel unsafe. Security guards don’t help because these theft rings know that security guards won’t/can’t stop them.”
RELATED: Two-Thirds of San Francisco Residents Plan to Flee Due to Crime, Homelessness
“It’s impossible for a retail store to operate in these circumstances, especially when cities refuse to take any action (despite us paying taxes well above any other state we operate in),” Smith continued.
“As of today, we are closing the store due to rampant organized theft and lack of safety for our team,” Smith wrote.
“Our store is hit by organized theft rings several times per week. They brazenly enter the store and grab thousands of dollars of product and walk out,” he added.
Following the city’s decision to reduce the penalty for shoplifting under $950 worth of goods amid the surge of homelessness and crime, many businesses are closing their stores and going elsewhere.
There are now countless videos across social media showing shoplifters emptying store shelves into garbage bags and walking out with security guards and police powerless to do anything.
Here are a few examples – Watch:
🚨 Meanwhile in San Francisco:
A shoplifter riding his bicycle inside a Walgreen store fills his garbage bag and leaves with zero hustle. Luckily the entire security squad filmed the robbery, unfortunately no-one was able to stop the thief because of that…👮⚠ pic.twitter.com/QXMyRqyekd
— Videokings 📹 (@videokings_tv) June 16, 2021
Cotopaxi, founded in 2014, has faced unprecedented crimes since opening up its San Francisco store.
During the store’s first week, thieves smashed its windows and looted it.
Smith said he resorted to putting plywood on the windows after replacing them four times.
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