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.

Saks Fifth Avenue Store in San Francisco's Union Square is set to close on May 10, the store's parent company confirmed.

"The Saks Fifth Avenue San Francisco store will close on May 10, 2025. While we saw meaningful engagement and success through the appointment-only format, we have made this decision as part of our integration process as we focus on long-term growth," a spokesperson for Saks Global, the parent company of Saks Fifth Avenue, said in a statement.