Get All Access for $5/mo

Retail Theft Forces Nike to Permanently Close Beloved Portland Location The Portland location had the second-highest rate of shoplifting incidents in the city since 2019.

By Madeline Garfinkle Edited by Jessica Thomas

Key Takeaways

  • After first closing in October, seemingly temporarily, Nike announced its factory store in Portland, Oregon will permanently close.
  • Other businesses in Portland and across the country have also been affected by theft.

Opinions expressed by Entrepreneur contributors are their own.

As theft and crime continue to wreak havoc in the retail industry, another big-name company has announced it will close a once-cherished location.

Last week, Nike announced that it would permanently close its factory store in Portland, Oregon, due to ongoing theft. The Portland factory store first closed in October 2022, with no official statement aside from a message on the store's website stating "closed for the next 7 days." However, the store has remained closed and now, the company said it will shut its doors permanently.

"Nike's commitment to supporting and uplifting Portland's North and Northeast community is unwavering," Nike said in a statement to The Street. "We are reimagining Nike's retail space, permanently closing our current location at 2650 NE Martin Luther King Jr. Boulevard, and considering future locations as part of this community's long-term revitalization plan."

The store, which had been open since 1984, had a dedicated following among locals.

"It's very disappointing," Portland community leader Ron Herndon told KGW-TV. "I wish we could have had a different outcome."

Related: Dollar Tree CEO Says 'Elevated' Theft Is Affecting Profit Margins

Rampant theft had been an ongoing problem for the athletic brand's Portland store and, in 2022, a KGW-TV analysis found that Nike's factory store had the second-highest rate of reported shoplifting incidents since 2019, behind Target.

The now-permanently closed Nike factory store on 2650 NE Martin Luther King Jr. in Portland, Oregon. Google Maps.

In addition to the Nike factory store, several other businesses in Portland have been affected by theft. In March, Walmart announced that it would be closing its remaining two stores in Portland and, in April, REI said it would close its storefront in the city's Pearl District by next year.

"Last year, REI Portland had its highest number of break-ins and thefts in two decades, despite actions to provide extra security," the company said in an email to REI members in April. "In recent years, Portland has been dealing with increased crime in our neighborhood and beyond."

Meanwhile, across the rest of the country, some big-box retailers have either closed up shop or taken new security measures in stores for similar reasons. Since 2019, 92 retailers have closed up shop in San Francisco's Union Square area, according to The San Francisco Standard.

Related: A 166-Year-Old Luxury Retailer Says This Might Be Its 'Last' Holiday Season Due to the 'Profound Erosion' of San Francisco

Madeline Garfinkle

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.

Growing a Business

Why Business Owners Should Streamline Their Operations Now for Success in 2025

As the holiday season and year-end approach, business owners face heightened operational demands, from inventory management to spend control. By streamlining these processes and partnering with flexible suppliers, businesses can maintain efficiency, meet customer needs and focus on growth while navigating this busy period.