Overview

• Bloomingdale’s has announced the closure of its flagship store in San Francisco Centre, marking the departure of the mall’s last anchor tenant.
• The decision follows a broader trend of retail closures in the city, with other major brands like Nordstrom, Adidas, and Michael Kors exiting the area in recent years.
• Declining foot traffic, increased remote work, reduced tourism, and concerns over crime have contributed to challenges in San Francisco’s downtown retail environment.
• The San Francisco Centre mall, which has struggled to secure new tenants, was originally set to be auctioned in 2024, but the sale has been delayed multiple times.
• Bloomingdale’s parent company, Macy’s Inc., has also announced plans to close 150 locations nationwide by 2026, including other Bay Area stores.