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The fall of Portland, Oregon Here are major retailers that left Portland over declining conditions due to Democrat policies from 2022–2026 - Nike Community Factory Store (Operated since 1984, 40 years) Closed permanently because of 276 shoplifting reports in one year. They cited deteriorating public safety. Nike sent a letter to the mayor citing conditions - Walmart (Both Portland Locations)
580 employees laid off - Target (Three Stores)
Reason: Explicitly cited organized retail crime and shoplifting - REI
Reason: Highest break-in rate in two decades; over $800,000 spent on extra security in 2022 (including multiple incidents, one with a vehicle through the doors on Black Friday) - U.S. Bank (U.S. Bancorp Tower) Announced it would not renew its long-term lease
Building Sale: Sold in July 2025 for $45 million (down from $372 million in 2015 — ~88% value decline). - Wells Fargo
Announced plans to exit Portland - Starbucks
Closed at least 5–6 Portland locations in September 2025 alone. - Nordstrom Rack (Downtown)
 - CVS Pharmacy (SW Broadway) Reason: Employee cited shoplifting as a factor Malls Major Retail Centers also closed Pioneer Place Mall: Once had roughly 100 stores. It’s now down to 20. Described as a “dead mall.” • Lloyd Center Mall: Confirmed for full demolition. Now 90% vacant PacWest Center: Sold October 2025 for $55.7 million (down from $170 million in 2016. That’s a 67% drop) - Montgomery Park: Sold August 2024 for $33 million (down from $255 million in 2019, that’s a 87% drop)