Published 5 months ago

Macy's Expected To Close In Union Square

Summary by Ground News

Macy's will close 150 stores nationwide in the next two years. San Francisco's Union Square store will be shuttered in the second phase of closures. Macy's officials said that 50 stores across the U.S. will be closed in the first year. It is the second major downsizing of the Macy's chain since 2020.

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WION

Macy's mulls closure of San Francisco Flagship in turnaround bid

Macy's, the iconic department store chain, is considering the closure of its flagship location in San Francisco's Union Square as part of its new turnaround strategy, a source familiar with the matter revealed to Reuters. The potential closure, if pursued, is not expected to occur before 2025 and is part of Macy's broader plan to evaluate the real estate value of its properties against future sales growth prospects.

5 months ago·Noida, India

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Los Angeles Times

Macy's in San Francisco's Union Square, Walmart in West Covina are closing because of low sales

In all, Macy's is shutting 150 stores by 2026. Walmart West Covina will shut its doors March 29. All were described as underperforming.

5 months ago·Los Angeles, United States

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The Daily Caller

San Francisco’s Macy’s Will Shut Down As Employees Blame Retail Theft

SF officials announced that, along with over a hundred stores, the popular Macy's retail department would be shutting down in the city's iconic location.

5 months ago·Washington, United States

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Inquirer

Macy's mulls closing San Francisco flagship

NEW YORK - Macy's is evaluating closing its San Francisco Union Square flagship, weighing the real estate value of the property against the potential for future sales growth at the store, a person familiar with the matter told Reuters. The soonest the closure would take place is 2025, the person said. Macy's evaluation of the location is part of a new turnaround strategy announced by the retailer on Tuesday in an earnings call with investors. Th…

5 months ago·Manila, Philippines

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Patch

Macy's Expected To Close In Union Square

Macy's Expected To Close In Union Square - San Francisco, CA - "It's hard to think of Macy's not being part of our city anymore," San Francisco Mayor London Breed said.

5 months ago·United States

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National Review

Macy’s Shutters Union Square Location in San Francisco

Add Macy's to the long list of Union Square retail stores that have closed recently — the department store announced that it would close 150 locations in the coming years.

5 months ago·United States

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