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In 1995, Federated Department Stores (now Macy's, Inc.), which owned both Macy's and I. Magnin specialty department stores, closed the I. Magnin chain. Macy's 1929/1948 building and its Union Square-facing buildings formed an "L" shape surrounding the I. Magnin Union Square store at the southwest corner of Stockton and Geary streets, built in 1946.
The February 27, 2024 news of the planned closure of Macy's Union Square merely highlighted how Union Square had gradually "ceased to be an essential part of the city’s daily life". [8] In response to the news, Avison Young reported that if the closure occurs as planned, Union Square's vacancy rate would jump from 22% to 34.5%. [ 5 ]
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 ...
Macy's plans to close 50 stores in 2024 and 150 locations in total by 2026. ... one of these locations has been confirmed by San Francisco Mayor London Breed's office as Macy's Union Square ...
Macy's said it will close 65 stores this year, an increase from the 50 locations it previously announced it would shutter by the end of the fiscal year. The closures are part of its plan to ...
He went on to create "Mama's of San Francisco," a corporation formed to expand the Mama's brand under Macy's of California in its flagship store at Union Square. It was an instant success. Long lines of customers snaked throughout Macy's Cellar in 1972 to eat at the expanded Mama's at Macy's Cellar.
Macy's third quarter earnings report also further addressed any potential impact on its financial performance after an employee allegedly hid $151 million in delivery expenses over a nearly three ...
In all, Macy's is shutting 150 stores by 2026. Walmart West Covina will shut its doors March 29. All were described as underperforming.