Bloomingdale's to Close SF Flagship in Late Spring

Bloomingdale's has announced the closure of its flagship store at the San Francisco Centre Mall, marking the end of nearly two decades of presence on Market Street. The store will remain open until late spring 2025, with the lease originally set to expire in 2046. This closure follows the exit of other major retailers like Nordstrom, contributing to the mall's struggles with vacancies and declining foot traffic post-pandemic. Macy's, which owns Bloomingdale's, is also closing several stores nationwide, including its Union Square location, as part of a broader strategy to return to profitable sales growth. San Francisco Mayor Daniel Lurie acknowledged the challenges faced by the city's retail sector but expressed optimism about the city's future, pointing to new businesses opening and efforts to revitalize the area. The San Francisco Centre Mall is under receivership and facing a foreclosure auction, with potential plans for new tenants like theater operators being considered.