By Anders Hagstrom
Published October 19, 2022

The CEO of a popular clothing brand Cotopaxi is closing the company's
only San Francisco store due to "organized theft rings" and a lack of
safety in the city, he announced this week.

CEO Davis Smith announced the closure in a lengthy post on social
media, saying the location faces regular attacks by thieves with
virtually no response from law enforcement.

"We are closing the store due to rampant organized theft and lack of
safety for our team. Our store is hit by organized theft rings several
times per week. They brazenly enter the store and grab thousands of
dollars of product and walk out," Smith wrote.

"We started keeping the door locked and opening it only for customers,
but even then, they’ll have a woman go to the door, and then hiding individuals rush into the store as soon as the door opens. Our team is terrified. They feel unsafe. Security guards don’t help because these
theft rings know that security guards won’t/can’t stop them," he added.

https://www.foxbusiness.com/small-business/ceo-blasts-san-francisco-city-chaos-closes-store-rampant-crime-our-team-terrified

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