Union square

DSW closes Union Square store in San Francisco

Jared Poff, CFO, Designer Brands, outside the recently closed DSW Union Square store in San Francisco, CA (LinkedIn/JaredPoff, LoopNet, iStock)

The DSW at Union Square in San Francisco is closing after nine years.

A green “closed” sign now adorns the store, at 400 Post Street, and customers were only able to pick up online orders there, the San Francisco Chronicle reported.
Although DSW has not explained why it closed the four-story store, it is more than likely the latest fallout from the pandemic.

The company’s parent, Designer Brands, said in March that it could close about 65 stores in the United States over the next four years, including 24 in 2021. The stores that are closing have not been identified. A manager said lease expirations for the locations would be coming soon.

“As in-store traffic remains limited and consumers continue to choose to shop online and forego going to stores, we are closely evaluating our existing store infrastructure,” Jared Poff said at the time. CFO of Designer Brands.

Several retailers have closed stores in downtown San Francisco during the pandemic. Among them: Gap, H&M, Marshalls and Uniqlo. Additionally, Walgreens said last month it would close five stores due to excessive shoplifting. Nordstrom Rack closed its 555 Ninth Street store in October, resulting in 41 layoffs.

Some merchants settle in the neighborhood. Jewelry company Brilliant Earth has leased office space at 300 Grant Avenue, joining outdoor clothing retailer Arc’teryx. Swiss watchmaker Omega also recently opened a boutique at 103 Geary Street.

“We have multiple leases going on,” Cushman & Wakefield broker Kazuko Morgan told the Chronicle. “As long as the current climate continues, we feel very good for 2022.”

The end of pandemic travel bans could also bolster local real estate. The JPMorgan Healthcare Conference returns to the city in January.

[SFC] —Victoria Pruitt