The Union Square shopping area in San Francisco has been facing challenges due to persistent crime and homelessness. The mayor attributes these issues to remote work and disinformation.
Saks Fifth Avenue has announced that it will transition to appointment-only shopping in Union Square, closing its doors to walk-in clients. This change comes amidst a rise in crime, homelessness, and drug use in the area.
The luxury department store will implement this new shopping experience at its Post Street location at the end of August. The company aims to provide a more tailored and refined service to its customers through this appointment-only model.
The Union Square Alliance, which supports businesses in the district, is hopeful about Saks Fifth Avenue’s decision. They believe that offering appointment services caters to high-end clientele and will enhance the overall shopping experience in Union Square.
In addition to this change, Saks Fifth Avenue’s parent company, HBC, has announced plans to acquire the Neiman Marcus Group for $2.65 billion. This acquisition will lead to the formation of Saks Global, a luxury retail entity that includes Saks Fifth Avenue, Saks Off 5th, Neiman Marcus, and Bergdorf Goodman.
Recent departures from Union Square include Shreve & Co.’s flagship store, which closed after 172 years in the city. The luxury jeweler has relocated to Palo Alto, marking a new chapter in its history.
Other retailers like Nordstrom, Old Navy, Adidas, and Macy’s are also facing challenges in Union Square, with some attributing their closures to the increase in crime and homelessness in the area.
Mayor London Breed is working to address these issues and attract more people downtown. She has launched an action plan to revitalize the city’s hospitality, entertainment, arts, culture, retail, and tourism sectors.
Ms. Breed believes that remote work and misinformation have contributed to the city’s struggles, but she is optimistic about creating a more vibrant downtown with increased nightlife and entertainment options.
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