• Nordstrom’s decision to close both its downtown San Francisco stores will reportedly cost hundreds of employees their jobs in another blow to the California city plagued by retail theft, homelessness and a raging drug crisis.
• The high-end retailer informed the state’s Employment Development Department it will lay off 379 people when it shutters its San Francisco Centre Nordstrom and Market Street Rack store across the street in the coming months, according to The Mercury News.
• The Seattle-based company informed workers earlier this month that it would not be renewing the leases on either location, citing the “dynamics” of the area.

Tagged: Economy