#1,687 - San Fran's business exodus becomes so extreme its even talked about on NBC's Today Show

San Francisco lost another major retailer to rising crime and a lack of foot traffic on Wednesday after Nordstrom announced it was closing two stores. 

NBC's Miguel Almaguer said during the "Today" show on Thursday that the store's closing was putting a focus on crime and the city's response to the COVID-19 pandemic.

"Lack of foot traffic has to be the leading cause of it. But I would say theft and other crime-related issues are probably really close behind," the National Retail Federation's (NRF) Stephanie Martz told NBC's "Today."

Almaguer's report noted that while theft was on the rise, it was not at an "all-time high." The report added that the National Retail Federation's members have been discouraged from reporting retail thefts. 

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