The outdoor retail giant REI has announced it plans to close its only store in Portland, Oregon, citing an increase in theft.
REI said its store in Portland “had its highest number of break-ins and thefts in two decades, despite actions to provide extra security,” according to an email the company sent to customers,The retail giant now plans to close its Portland store — which has been in the city’s Pearl District since 2004 — ending its nearly 20-year business location in the Democrat-controlled city.
And even though REI is closing its store in less than a year, the company is still installing new security sensors for the remaining months it will be in business, Behrbaum added. “Yet, we still experienced 10 burglaries, including one event that shut down our 14th Street entrance for more than two months,” she said.
“The extra security measures required to keep customers and employees safe are not financially sustainable,” she said. “We will continue to invest in these areas through the remainder of our lease, but cannot justify continuing this expense through a lease extension beyond early 2024.”
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