Saks Fifth Avenue is set to close its iconic Union Square location in San Francisco on May 10. The company stated that this decision aligns with its integration process as it aims for long-term growth, despite having previously attempted an appointment-only shopping format. Saks reassured customers that they will still be served through Neiman Marcus locations and online platforms. The closure comes amidst a trend of retail store shutdowns in the area, yet new stores, like a Nintendo location, are opening, indicating a shifting retail landscape.
While we saw meaningful engagement and success through the appointment-only format, we have made this decision as part of our integration process as we focus on long-term growth.
As we continue through the integration process and execute our vision for Saks Global, we are committed to honoring the individual DNA of the Saks Fifth Avenue and Neiman Marcus brands.
In July 2024, the retailer announced layoffs and the Union Square store would operate by 'appointment only' in August 2024 after the Napa and Palo Alto stores.
While it seems many stores have shuttered in the area, Nintendo announced it is opening its second U.S location in Union Square this spring.
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