Macy’s flagship store in San Francisco is closing as part of a move nationwide to shutter about 30 percent of its locations.
In total, Macy’s is closing down 150 stores over the next three years because of low sales.
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The big picture: San Francisco Supervisor Aaron Peskin told the San Francisco Standard that Macy’s will stay open until a buyer for the property emerges.
- The flagship San Francisco store, located in Union Square, has been open since 1947.
- Around 400 employees will be out of a job once the store’s closure is complete.
- Macy’s will focus on its luxury brands moving forward, with plans to open 15 Bloomingdale’s department stores, as well as 30 Bluemercury beautify stores.
State of play: Macy’s closing down its flagship San Francisco store is the latest in a line of retail closures in the city.
- Nordstrom left the city last year, which followed Whole Foods shutting down a location judge one year after it opened.
- Union Square has also several stores in recent years, including Williams Sonoma, Banana Republic, DSQ, Disney, Uniqlo and H&M.
What they’re saying: Rep. Kevin Kiley (R–Rocklin), a candidate in the recall election of Gov. Gavin Newsom in 2021, blamed Newsom and Vice President and former California Senator Kamala Harris for the issues facing San Francisco.
- “The collapse of San Francisco continues. Macy’s is closing its flagship location in one of the biggest retail closures ever,” Kiley posted on X. “This is the ‘model’ that SF politicians Gavin Newsom and Kamala Harris want for the whole country.”
