Dive Brief:
-
Bloomingdale’s is closing its San Francisco Centre anchor store, Macy’s Inc. confirmed by email.
-
After operating there for nearly 20 years, the location will close in late spring, the company said.
-
The move will leave the city without a Bloomingdale’s. The luxury department store’s nearest full-line stores are in Palo Alto and Santa Clara.
Dive Insight:
Bloomingdale’s departure will further deplete Macy’s Inc.’s presence in San Francisco.
Nearly a decade ago, the company sold off its Macy’s menswear location in the Union Square shopping district, where Macy’s still has a full-line store. Last year, that Macy’s flagship was rumored to be on the closure list, though it wasn’t in the first round that the company confirmed earlier this month.
A Macy’s Inc. spokesperson hinted that Bloomingdale’s could return, however.
“We are saddened to confirm that Bloomingdale’s will officially close its doors in Union Square, San Francisco. This vibrant city has been home to the brand for nearly two incredible decades,” the company said in its statement. “We are hopeful to be back to serve the San Francisco community in the future and look forward to introducing new ways to provide enhanced service to our loyal local shoppers.”
The move also leaves San Francisco Centre with another massive space to fill, following Nordstrom’s exit in 2023. The mall, adjacent to Union Square, has watched a steady stream of tenants leave.
Shortly after Nordstrom’s announcement, shopping center operator Unibail-Rodamco-Westfield confirmed it was handing the mall’s keys to its lender. The mall in March toyed with a rebranding but later walked that back. In default to the tune of $625.6 million, it’s now under receivership. An auction scheduled for October has been postponed to February, according to documents from the First American Title Insurance Company.
A spokesperson for the mall didn’t immediately respond to a request for comment about Bloomingdale’s plan.
