Macy’s has announced plans to close over 100 stores across the country, leaving many West Coast shoppers surprised and disappointed.
Among the stores set to close is the iconic Macy’s location in San Francisco’s Union Square, a beloved department store that has been a staple of downtown San Francisco since 1929.
Despite the closure announcement, store supervisor Aaron Peskin assured customers that the Union Square location will remain open until the 400,000-square-foot property is sold.
Mayor London Breed also confirmed that the store will continue to operate and employees will still have jobs until the property is sold.
The decision to close over 100 Macy’s stores is part of a larger plan to shut down 150 stores nationwide over the next two years. Company officials explained that 50 stores will close in the first year, with the remaining 100 stores closing in the following year.
Macy’s has a long and storied history of ownership changes, starting with Rowland Hussey Macy opening the first store in New York City in 1858. The company was later acquired by the Strauss Brothers in 1895 and went through bankruptcy in 1992 before being acquired by Federated Department Stores, which eventually changed its name to Macy’s Inc. in 2007.
