Find in the news:
BY COUNTRY

Old Navy to close San Francisco flagship after 24 years



American fashion brand announced its decision to close its San Francisco store on Market Street.
Old Navy - unsplash

American fashion brand Old Navy announced its decision to close its San Francisco store on Market Street after 24 years of operation. The closure of the flagship is due to the expiration of the lease term for the space in the prestigious location.

The outlet will close on July 1, 2023. The company promised to find a new location to open in San Francisco to "better meet business and customer needs." Old Navy on Market Street opened in 1999. The outlet has a total area of 73,000 square feet. After it closes, the brand will have only one store in SF.

"Old Navy is always evaluating its real estate portfolio to ensure a healthy fleet of stores that can provide the best experience for our customers," the company said. "Gap Inc. has deep roots in San Francisco and is committed to the city," the statement noted.

Banana Republic previously opened a store in the Westfield San Francisco Centre neighborhood. It will soon change its location to Union Square and open in a smaller format. Three Gap stores and one Athleta store have closed in San Francisco since 2020. Specifically, the Gap flagships at Powell and Market streets, near the Old Navy store, and the Gap stores at the Embarcadero Center and Stonestown Galleria were closed.

Gap lost 6 percent of its revenue in the past fiscal quarter due to supply disruptions and rising consumer inflation. Since the beginning of the year, the company's stock has lost more than 25% in value. In April, Gap announced it would lay off about 1,800 employees.

At the same time, retailers are increasingly closing their stores in downtown San Francisco, which has lost tourists due to the pandemic and security issues and customer migration to the Internet. Saks Off Fifth, Nordstrom and other stores have closed there recently.

More about shopping malls in the USA



Mar 24, 2024, China:
Apple's newest store in Shanghai opened on March 21.
Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Friend
and Follow
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us