goodbye gump’s?
166-year-old luxury retailer in San Francisco warns: This could be our last year
By Samantha Delouya and Alexandra Coenjaerts, CNN
Updated 11:43 AM EDT, Wed August 16, 2023
Los Angeles
CNN
—
John Chachas, the owner of luxury department store Gump’s San Francisco, wrote an open letter to Governor Newsom, Mayor London Breed, and the city’s Board of Supervisors, pleading for them to act on what he describes as the city’s worsening downtown conditions.
“Today, as we prepare for our 166th holiday season at 250 Post Street, we fear this may be our last,” Chachas wrote in an open letter, published as a paid ad in the Sunday edition of the San Francisco Chronicle.
Gump’s, which sells luxury furnishings and jewelry, was acquired by Chachas after the retailer filed Chapter 11 bankruptcy in 2018. The high-end retailer, founded in San Francisco in 1861 and born out of the famed California gold rush, has only one physical location, which is one block from the city’s Union Square.
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https://www.cnn.com/2023/08/15/busin...sco/index.html