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4d ago

Saks Fifth Avenue to Close San Francisco Union Square Store in May

The luxury retailer’s departure on May 10 reflects broader shifts in Union Square’s retail landscape, with new entrants like Nintendo and Zara signaling efforts to revitalize the district.

FILE: Shoppers and pedestrians walk past the Saks Fifth Avenue store in downtown San Francisco. 
FILE: An exterior view of the Saks Fifth Avenue store in downtown San Francisco. 
The Saks Fifth Avenue storefront at San Francisco’s Union Square. April 23, 2025. NBC Bay Area Photo/ Alyssa Goard.
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Overview

  • Saks Fifth Avenue’s Union Square location will permanently close on May 10, 2025, after nearly 30 years of operation.
  • The closure is part of parent company Saks Global’s integration strategy, which focuses on long-term growth and operational consolidation.
  • Employees at the closing store will be offered transfers to the nearby Neiman Marcus or severance packages, according to the company.
  • Union Square has seen a wave of legacy store closures in recent years, including Nordstrom, Bloomingdale’s, and The North Face.
  • Efforts to revitalize the district include the opening of a Nintendo store next month and a new four-story Zara flagship planned for 2026.