Wall Street Apes@WallStreetApes
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)
