Old Navy Flagship Store in Downtown San Francisco To Close Amid Larger Retail Struggles

Gap Inc. announced the closure of its Old Navy flagship store in downtown San Francisco effective July 1.
The closure is part of the company’s efforts to reassess its real estate priorities and find locations that better serve customers.
The Old Navy closure on Market Street signifies the ongoing challenges facing retailers in Union Square and mid-Market neighborhoods.
Multiple major retail spaces have closed in the area over the last few years due to factors like the rise of online shopping.
Gap Inc. stated it remains committed to San Francisco and is searching for new downtown locations for Old Navy and other brands.