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Betsey Johnson Bankruptcy Blow-Out; Chance Coming to Unionmade's Women's Shop; Shoplifting Skyrockets in the Bay Area; More!

Welcome to Racked SF, where local fashion blogger Kristen Philipkoski reports on retail comings and goings around San Francisco. Phiipkoski has been living and shopping in San Francisco for 20 years, and she blogs about it over at Stylenik.com. Seen a store open, close, or otherwise claim your attention? Hit the tipline, s'il vous plait.

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We've got some good news and some bad news this week. How about the good news first? Read to the end for the bankruptcy and shoplifting depressing items. And of course even those have silver linings.

1. Noe Valley: Kate Spade veteran Julia Leach has seen major success after creating just two collections of her new label Chance, which has already been picked up by Barney's. Now she's bringing Chance to Unionmade's much-anticipated women's-wear store (which we told you about in April) called Mill. It's opening in July—just in time to buy beachy pieces for San Francisco's notoriously late summer weather. [Racked LA]

2. Hayes Valley: Local label and boutique Marine Layer opened its second San Francisco location location late last month (the first one's in the Marina). All of their super-cozy duds for guys and gals are made in California, down to the patterns and graphic designs on the fabric. [Thrillist]

3. Union Square: Banana Republic is launching a designer collaboration with color-queeen Trina Turk, and they're celebrating with a fête at Banana's 256 Grant flagship location. Ms. Turk herself will be present, and the Palm Springs-inspired pieces will be available starting today. [Trina Turk]

4. SOMA: Jessica Simpson hawks pics of her newborn on the cover of People wearing San Francsico nightie designer Eileen West. [People via Refinery 29]

5. Nob Hill: The sisters behind local jewelry line Kris Nations have created a customizable bracelet design in honor of the fancy, hilly Nob Hill neighborhood. [Refinery 29]

6. Fillmore and Union Square: Sad face: Betsey Johnson is going bankrupt and closing her retail stores, including those on Fillmore, Grant and in the Westfield center in San Francisco. The good news for you is up to 60 percent off everything. Another bright spot: her clothing will still be available in department stores, and WWD reports a runway show in New York in September is on. We still have her finale cartwheel to look forward to! [Huffington Post]

7. San Francisco/Oakland: San Francisco and Oakland made the cut on the top 10 list of cities targeted by a new breed of organized shoplifters. We ranked last at number 10. Yay? The National Retail Federation says in-store theft is majorly on the rise and estimates losses are between $15 and $30 billion. [Portfolio]