Nordstrom is the latest retailer to leave downtown San Francisco, announcing plans to close both of its stores in the coming months, a company spokesperson told SFGATE Tuesday morning.
The 40,000-square-foot Nordstrom Rack at 901 Market St. The end of August, the spokesman said.
“Decisions like these are never easy, and this one was a particularly difficult one,” said a statement from Chief Store Officer Jamie Nordstrom. “We’ve spent more than 35 years serving customers in downtown San Francisco, building relationships with them and investing in the local community. But as many of you know, the dynamics of the downtown San Francisco market have changed dramatically over the past several years, affecting traffic customers to our stores and our ability to operate successfully.”
Nordstrom said that with both leases expiring at the end of the year, The company believes it can better serve its customers by focusing on its 16 nearby Nordstrom and Nordstrom Rack locations throughout the Bay Area, including stores in Daly City, San Mateo and Emeryville. While the company said it plans to open 20 new Nordstrom Rack stores this year, with “more to come” in 2024, including a store at the Bridgepointe Shopping Center in San Mateo, that means the brand will have no retail presence. in San Francisco. . (The brand closed its Nordstrom Rack location at 555 Ninth Street in 2021.)
It’s a major downtown retail development following recent news that Saks Off 5th, which shared a location at 901 Market St. With Nordstrom Rack, it will be closing permanently later this fall. Ross Dress for Less appears to be taking over the space just a block away from one of its existing stores at 799 Market St.
Nordstrom Rack at 901 Market Street seen May 2, 2023. The store is scheduled to close later this year.
Fiona Lee / SphghatesOther closures have been announced recently In the downtown San Francisco corridor They include Anthropologie in Union Square and the Office Depot at 33 Third Street, as well as CB2, Bed Bath & Beyond, and the Container Store.
Nordstrom at Westfield San Francisco Center on May 2, 2023. The store is scheduled to close later this year.
Fiona Lee / SphghatesIt’s not immediately clear how many employees will be affected by the shutdown, but the statement from Nordstrom said the company is working with each employee to “support them through this transition and to find new roles within the company where possible.”