San Frans Doom Loop continues as 6 stores close in January at mostly empty Westfield Mall

San Francisco's Center Mall, previously known as Westfield Mall, is experiencing a dramatic decline, shedding nearly $1 billion in value since 2016. The once-thriving mall, a hub for major brands like Adidas, Aldo, and Hollister, has seen a surge in store closures, with occupancy plummeting to 25%. Factors contributing to this downturn include a shift to remote work, increased crime, and homelessness in the area. These developments reflect broader issues in urban centers where progressive policies have influenced the business climate, leading to an exodus of retailers and declining property values. The mall's downfall serves as a stark example of the consequences of such policies on local economies and community vitality.