Nike Inc. closed down its store outlet in downtown Seattle last week, citing the surge of violent crimes in the area. The move comes after the state recorded a 23% increase in shooting cases last year, and most incidents were fatal.
The closure of this store is said to have ended the Nike store’s decades-long presence in the vicinity. Aside from the sharp rise in crimes, it was mentioned that Seattle is also dealing with homelessness crisis; thus, the sneaker and sportswear maker decided to close.
The state has been seeing many business closures in its downtown area recently. Prior to Nike’s departure, many other major brands, including the Starbucks coffee chain, have also shuttered their stores.
As per The Seattle Times, the discontinuation of Nike store’s operation is another blow to Seattle’s retail business since it is still recovering from the effects of the COVID-19 pandemic. It was added that based on the data gathered by the Downtown Seattle Association, the monthly visitors in the area fell to less than 500,000 in April 2020. This number is very far from the pre-pandemic record, which is more than two million.
Customers are advised to visit the brand’s website - Nike.com - to buy products. The company also hung signs in its Sixth Avenue and Pike Street store windows to let visitors know about their permanent closure. The maker of Air Jordan sneakers first launched these outlets in 1996.
In any case, Fox Business reported that Seattle has been struggling to deal with violent crimes that have increased in recent years. The state saw especially saw a huge increase in fatal shootings in 2022. It is also fighting other pressing issues, including drug use and homelessness.
"For several years, retailers have been evaluating changing needs for space and scale. We’ve seen that in urban areas since before the pandemic,” Downtown Seattle Association (DSA) said in a statement concerning Nike’s closure. “We never like to see a downtown retailer choose to close and Niketown has been a great part of our retail mix through the years but we are excited about several newcomers who have opened their doors in recent months with more on the way.”
Photo by: Paul Steuber/Unsplash


Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 



