The Market, a grocery and food court located in San Francisco, will permanently close after 10 years due to severe drops in sales, primarily caused by remote work dynamics, theft, and diminishing foot traffic. Owner Chris Foley pointed out that sales plummeted from $60,000 daily in 2019 to just $2,300, exacerbated by confrontations linked to homelessness in the area. While some food vendors will continue to operate during restructuring, the closure marks yet another significant loss in the SoMa neighborhood, known for its declining businesses and closures post-pandemic.
Chris Foley, owner of The Market, lamented that dwindling foot traffic, remote work, and theft have severely impacted the grocery's viability, driving sales down from $60,000 to $2,300 a day.
Foley criticized city leadership for allowing issues like homelessness and drug use to proliferate, affecting customer willingness to shop at The Market, particularly amid adverse experiences related to confrontations.
The Market's closure reflects a larger trend in San Francisco's SoMa neighborhood, where both retail and food establishments have faced increasing challenges, leading to notable business failures.
Opened in 2015 with a vision to replicate the success of Eataly markets, The Market was once a vibrant space that melded grocery shopping with a food court experience.
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