Has Seattle’s office worker traffic peaked?
That’s one potential takeaway from the surprise closure of PCC Community Markets’ downtown grocery store and reports of a stalling return-to-office trend.
The store, in the heart of downtown Seattle at 1320 4th Ave., opened just last year following pandemic-related delays. It will close Jan. 31.
PCC CEO Krish Srinivasan, a former Remitly and Amazon exec, said in a statement Wednesday that the flagship store is unprofitable and “we do not see that changing for the foreseeable future.”
In a press release, PCC said the store has “significantly underperformed” relative to original forecasts “in large part due to persistently lower numbers of office workers and residential grocery shoppers in the city center following the pandemic.”