Walgreens The Corner W Closing In San Francisco

Post Reply
Alpha8472
Valued Contributor
Valued Contributor
Posts: 1114
Joined: February 24th, 2009, 8:55 pm
Been thanked: 4 times
Status: Offline

Walgreens The Corner W Closing In San Francisco

Post by Alpha8472 » October 31st, 2019, 5:22 pm

The Corner W by Walgreens in Westfield San Francisco Centre is closing soon. This high end mall is losing stores and restaurants left and right. Even Peet's Coffee closed. The high end 30,000 square foot indoor supermarket Bristol Farms closed a few years ago. It sits vacant to this day. The mall increased rent by 25 percent. Perhaps the mall likes vacant store fronts rather than charge reasonable rents.

The Corner W is like a very expensive convenience store that appeals to the tourists who will pay anything for expensive souvenirs and last minute drug store items.

Not even those high prices will cover the cost of rent here. The mobs of homeless shoplifters did not help either.

I am sure Walgreens will survive as they are the dominant drugstore in San Francisco. They bought all the Rite Aid stores years ago and CVS has been closing their stores due to shoplifting.

You can walk down the street and see 2 Walgreens in the same area. It is ridiculous and the prices are insanely high. People have to shop at Walgreens because they do not have cars and a trip to a Target is a journey.

J-Man
Silver Member
Silver Member
Posts: 157
Joined: April 10th, 2011, 4:14 pm
Has thanked: 1 time
Been thanked: 2 times
Status: Offline

Re: Walgreens The Corner W Closing In San Francisco

Post by J-Man » October 31st, 2019, 5:28 pm

There's a Target in the Metreon on Mission, and another one on Bush in the Financial District.

storewanderer
Valued Contributor
Valued Contributor
Posts: 4313
Joined: February 23rd, 2009, 3:54 pm
Been thanked: 27 times
Contact:
Status: Offline

Re: Walgreens The Corner W Closing In San Francisco

Post by storewanderer » October 31st, 2019, 8:17 pm

Alpha8472 wrote:
October 31st, 2019, 5:22 pm
The Corner W by Walgreens in Westfield San Francisco Centre is closing soon. This high end mall is losing stores and restaurants left and right. Even Peet's Coffee closed. The high end 30,000 square foot indoor supermarket Bristol Farms closed a few years ago. It sits vacant to this day. The mall increased rent by 25 percent. Perhaps the mall likes vacant store fronts rather than charge reasonable rents.

The Corner W is like a very expensive convenience store that appeals to the tourists who will pay anything for expensive souvenirs and last minute drug store items.

Not even those high prices will cover the cost of rent here. The mobs of homeless shoplifters did not help either.

I am sure Walgreens will survive as they are the dominant drugstore in San Francisco. They bought all the Rite Aid stores years ago and CVS has been closing their stores due to shoplifting.

You can walk down the street and see 2 Walgreens in the same area. It is ridiculous and the prices are insanely high. People have to shop at Walgreens because they do not have cars and a trip to a Target is a journey.
The Corner W was counting on foot traffic in the very busy food court and being adjacent to the BART/MUNI station there at that mall. For any outside customers the store was not visible and had poor access. I suspect the store had high shrink, low transaction amounts, and was difficult to stock.

Thing is, there are multiple other larger Walgreens streetside within a couple blocks of this place. Plus a CVS and a Target not too far away. I am not surprised they closed this store. They shouldn't have opened it in the first place.

Post Reply