Business & Tech
Saks Is Latest To Exit San Francisco's Union Square
While we hear of major retailers closing stores downtown, Alex Sagues said there has actually been positive growth in the past year.
April 25, 2025
SAN FRANCISCO — Saks Fifth Avenue in Union Square is the latest retailer to say farewell to San Francisco. The company announced that the store will be closing its doors next month in a broader plan to consolidate.
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While Saks has been a fixture on the corner of Post and Powell since 1997, retail real estate experts say the store's departure isn't a sign of the trend they're seeing downtown.
"Union Square is highly desirable globally for retail tenants and that remains," said Alex Sagues, the senior vice president of retail leasing for CBRE.
Find out what's happening in San Franciscofor free with the latest updates from Patch.
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