Closing a store is not a decision we take lightly, but this store has had performance issues for an extended period of time. We have worked to enhance and remodel the location, but it has not shown the sales and profit needed to continue operations. In fact, despite the best efforts of a great team, we have lost money year over year at this location.
San Francisco's pandemic retail apocalypse was already well underway when the three-story Union Square Uniqlo store closed in 2021, with that shopping district's H&M and The Gap having already fallen on their swords. (This was when we were still social distancing, and almost no one was eligible to get the COVID vaccine yet.) And things in Union Square would only get much worse from there.