SAN FRANCISCO (KRON) — A precious jewelry shop that has actually been running in San Francisco’s Union Square area for 172 years is closing. Shreve & Co., which initially started a business in SF in 1852, revealed Monday that it will certainly relocate its front runner shop location to Palo Alto and right away shut its location at 150 Post Street.
The jeweler sent a press release introducing the closure, mentioning that it had actually been “a fixture on San Francisco’s streets since 1852.” As to why the jeweler stated it would certainly be signing up with the exodus of merchants from Union Square, the business stated the choice was the outcome of “strategic retooling of the company’s business plan.”
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“This move takes into consideration the dynamic changes happening within the industry, while reaffirming Shreve’s ongoing commitment to providing exceptional service and craftmanship to its discerning clientele,” the shop’s press release specified.
“We will carry forward the legacy of our San Francisco store, building on the strong foundation that was created there,” stated the shop’s handling companion, Lane Schiffman. “As we turn the page on this exciting new chapter, we are filled with gratitude for our journey in San Francisco.”
Shreve & Co. is the most recent in a collection of retail closures in SF’s midtown and Union Square areas. In the previous year, the community, which was when a significant retail center for the whole Bay Area, has actually seen a string of shops closing.
Nordstrom, Saks off Fifth, Old Navy, and Adidas are all amongst the merchants to have actually shuttered in the previous one year. Last June, Westfield, which ran the San Francisco Centre shopping center for greater than twenty years, revealed it would certainly be taking out of the residential or commercial property.
Shreve & Co. will certainly be organizing a public liquidation sale, starting on Friday, May 17.
https://www.kron4.com/news/bay-area/sf-jeweler-closing-union-square-location-after-172-years/
