Marketing

Longtime retailer may close due to downtown issues

Adobe Stock

August 24, 2023

Gump's San Francisco, a luxury retailer at 250 Post Street in San Francisco, has written the governor and city board of supervisors to state it may have to close due to downtown issues and that this may be its last year in business.

The department store has been up and running for 166 years, according to a CNN report.

Owner John Chachas has owned the company since 2018, acquiring it from Chapter 11 bankruptcy. The brand was founded in 1861.

"The ramifications of COVID policies advising people to abandon their offices are only beginning to be understood. Equally devastating have been a litany of destructive San Francisco strategies, including allowing the homeless to occupy our sidewalks, to openly distribute and use illegal drugs, to harass the public and to defile the city's streets," Chachas wrote in his letter.