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Feb 28, 2024
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you think about macy's. >> born and raised in the city, sophia has fallen holiday memories at macy's with the store the backdrop to countless parades and celebrations for 100 years. >> christmas time , it was always filled up. felt like new york almost. >> the impending closure will impact 500 jobs, but it will not happen overnight, it is estimated to take a few years to identify a buyer, union square emphasizes that will be a macy's great tree in 2024. still sophia says it will be hard to not have the familiar accessibility to the iconic store she has known and loved. >> when i was little me and my mom will come shopping on the weekend. and then go to cheesecake factory and walk around. cannot do that anymore. not much to look at, unless you have money for the designer stores. not a lot of people have the money. >> sophia feels like a lot of her peers have turned to online shopping and she is worried about unhoused individuals nearby. as a san francisco native she continues hope. >> if it can go back to how it used to be, a lot of people came here. the malls were a big thing. >> unt
you think about macy's. >> born and raised in the city, sophia has fallen holiday memories at macy's with the store the backdrop to countless parades and celebrations for 100 years. >> christmas time , it was always filled up. felt like new york almost. >> the impending closure will impact 500 jobs, but it will not happen overnight, it is estimated to take a few years to identify a buyer, union square emphasizes that will be a macy's great tree in 2024. still sophia says it...
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macy's is the macy's union square location in san francisco, employs about 400 people. >> a spokesperson for the san francisco union square alliance says they will work with macy's to have a union square christmas tree and holiday shopping at the store there at the end of this year, the city of san francisco today issued a formal apology to its black residents for decades of systemic discrimination in the san francisco board of supervisors unanimously approved the apology resolution resolution, which recognizes a history of targeted attacks, acts of violence and atrocities committed against the black community that apology is viewed as the city's first step towards possibly providing reparations to black san franciscans. the apology was one of more than 100 recommendations made by the city's african american reparations advisory committee. >> we know that an apology without action rings is hollow. um, and i think that's why this must be seen in context as a necessary part of accountability. and reparations, not as an end in itself, but it is an important step nonetheless. and is meaningf
macy's is the macy's union square location in san francisco, employs about 400 people. >> a spokesperson for the san francisco union square alliance says they will work with macy's to have a union square christmas tree and holiday shopping at the store there at the end of this year, the city of san francisco today issued a formal apology to its black residents for decades of systemic discrimination in the san francisco board of supervisors unanimously approved the apology resolution...
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macy's has been at union square since 1929. generation the people in the bay area have memories there. anne makovec with more from shoppers who are sad to see it go. i worked in the area so this is personal for you, too? >> everybody got a little down. i used to buy birthday presents there every year. this year looks like it will be the last. a lot of people do agree macy's has gone downhill over the last five years. but it was always there is something to count on. it has been there several decades by this point. that is something we don't know what the end date will be. the supervisor confirmed that the store will stay open until the end of the year, but the location will be put up for sale. macy's, a fixture in that district sponsoring the christmas tree lighting, famous for holiday windows featuring the spca. adoptable cats and dogs. the store with decades of memories for bay area natives and tourists alike. >> i was like, that is a staple. it has been here for so long. especially for union square, you think about macy's. >
macy's has been at union square since 1929. generation the people in the bay area have memories there. anne makovec with more from shoppers who are sad to see it go. i worked in the area so this is personal for you, too? >> everybody got a little down. i used to buy birthday presents there every year. this year looks like it will be the last. a lot of people do agree macy's has gone downhill over the last five years. but it was always there is something to count on. it has been there...
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Feb 27, 2024
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macy's is always meant a lot to the people. the city. it's hard to think of macy's not being part of our city anymore. she goes on to say. i'm continuing to talk to leaders in retail business and real estate about how we can continue to focus on long-term success of the site. the city will continue to work closely with macy's and any potential new owners to ensure this iconic location continues to serve san francisco for decades to come. she's going to be here in studio 3.30, a little digging a little deeper with her. then. but now we get the statement from state senator scott wiener. he is also reacting to the announcement. he says it's this is horrible news for san francisco. we must aggressively and creatively re. imagine downtown. we are advancing legislation to expedite san francisco's ability to make needed changes. and supervisor. aaron peskin also reacting and he sent us this statement here. it reads in part, macy's was one of the last holdouts against the national trend of retail closures and consolidations. but as with every se
macy's is always meant a lot to the people. the city. it's hard to think of macy's not being part of our city anymore. she goes on to say. i'm continuing to talk to leaders in retail business and real estate about how we can continue to focus on long-term success of the site. the city will continue to work closely with macy's and any potential new owners to ensure this iconic location continues to serve san francisco for decades to come. she's going to be here in studio 3.30, a little digging a...
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macy's union square store in san francisco, employs about 400 people. >> the san francisco union square alliance says they expect the store to remain open, and that in all likelihood, there will be a union square christmas tree and holiday shopping at that store there later this year . although what happens to that space after 2026 still isn't clear. macy's also said it would not make the list of other store closures public at this time. >> five years of effort in early childhood education are paying off in san francisco that, according to a new city report, proposition c was passed by voters in 2018 to put more resources into child care, while since then mayor breed says that the city has been able to recruit and retain more teachers with raises for more than 1600 educators, the city says it also rehabbed or created 40 new child development facilities, including 17 just this year. >> and i've been over all over the city, cutting ribbons on new facilities is helping to provide resources and support to so
macy's union square store in san francisco, employs about 400 people. >> the san francisco union square alliance says they expect the store to remain open, and that in all likelihood, there will be a union square christmas tree and holiday shopping at that store there later this year . although what happens to that space after 2026 still isn't clear. macy's also said it would not make the list of other store closures public at this time. >> five years of effort in early childhood...
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macy's is planning to close its flagship location. so what does this mean for san francisco and the re-election chances for mayor breed? >> macy's is one of my favorite stores, and so definitely it's hard. >> we're one-on-one with the mayor. >>> also there is good news in the city. the popular night market is coming back to chinatown, this time as a regular event. the unexpected partnership making it happen. >>> plus, why are so many relatively new refrigerators failing? our consumer team flooded with new complaints. is a class action lawsuit soon to come? >>> and political candidates tapping into a.i. >> because of my experience in combating corruption, i was recruited to hillary clinton's state department. >> we speak with an a.i.-powered chatbot being used in a silicon valley campaign. >>> good evening. this is "nbc bay area news tonight." i'm raj mathai. a lot of impactful stories on this tuesday, including mayor breed firing back at her mayoral opponents. we're going to get to that in just a moment. >>> first we want to get to a
macy's is planning to close its flagship location. so what does this mean for san francisco and the re-election chances for mayor breed? >> macy's is one of my favorite stores, and so definitely it's hard. >> we're one-on-one with the mayor. >>> also there is good news in the city. the popular night market is coming back to chinatown, this time as a regular event. the unexpected partnership making it happen. >>> plus, why are so many relatively new refrigerators...
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macy's in union square is closing. what the retailer is saying about the future of that iconic location. we are two months into the year and already hundreds of cars have been stolen in antioch. we spoke with the new police chief. we will have the city's next steps. for months, the future of the oakland coliseum has been in limbo. today, community members are speaking out claiming they are putting a stop to future development at that stadium. what they urge supervisors to do. >>> we begin with a convicted murderer who could soon be free after 17 years in prison. the family is fighting to keep him locked up. they say the district attorney blindsided them when he asked the parole board to let the killer go. they are asking the governor to stop it. ian cole has been digging into this for us. go ahead and take us through the background. >> this is a case that dates back to the fall of 2004. some may remember it. maxine was 17 and a softball player at lincoln high school when she was murdered. miller was convicted of second
macy's in union square is closing. what the retailer is saying about the future of that iconic location. we are two months into the year and already hundreds of cars have been stolen in antioch. we spoke with the new police chief. we will have the city's next steps. for months, the future of the oakland coliseum has been in limbo. today, community members are speaking out claiming they are putting a stop to future development at that stadium. what they urge supervisors to do. >>> we...
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but without macy's. so. >> so that's just one of many conversations sparked by the closure, news we went to social media to see what you are saying. mike hill jr. posted, macy's union square, as an sf native this hurts. our city is nothing like it was when i grew up. eileen wrote can't believe it's closing. the sf shopping experience that i grew up loving as a kid is no longer there. come on, san francisco. and another person posted, macy's leaving union square is crazy. it's like the focal point of the entire square. so we're hearing people in the know say macy's will be here for one more holiday season possibly longer until the company can find a buyer for the iconic building but what really interests me is the political implications. i went to ask local leaders and we know this is a national story. we know that 150 stores are close around the country. this isn't just a san francisco story but with all the closures, how to you get re-elected in this climate? >> well, i mean, the city is changing and i
but without macy's. so. >> so that's just one of many conversations sparked by the closure, news we went to social media to see what you are saying. mike hill jr. posted, macy's union square, as an sf native this hurts. our city is nothing like it was when i grew up. eileen wrote can't believe it's closing. the sf shopping experience that i grew up loving as a kid is no longer there. come on, san francisco. and another person posted, macy's leaving union square is crazy. it's like the...
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Feb 28, 2024
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me encuentro precisamente aquÍ al frente de este macy's tan emblemÁtico y tan icÓnico.gar tenemos recuerdos de infancia o de juventud, muchÍsima gente que vive aquÍ ha venido a comprar una vez o por lo menos ha venido a tomarse una foto con el Árbol de navidad que se encuentra aquÍ cada mes de diciembre. mÁs temprano estuve platicando con un pintor, que prÁcticamente te digo que tenÍa lÁgrimas en los ojos porque dijo que su esposa le mando la noticia de este cierre de macy's, serÁn 150 tiendas que van a cerrar a nivel nacional. vamos a escuchar lo que me dijo este pintor. >> es el corazÓn de san francisco porque si usted se da cuenta, esta tienda toma mucha foto a nivel mundial, un souvenir de macy's. ahora que lo van a cerrar es como quitarle parte a san francisco. da tristeza. maria: tambiÉn estuve conversando con el ceo de las cÁmaras de comercio hispano de san francisco. Él me estuvo hablando acerca del pacto local y tambiÉn en otros puntos de la ciudad de san francisco con respecto a la economÍa. me dijo que el cierre de este lugar va a tener impacto incluso pequeÑ
me encuentro precisamente aquÍ al frente de este macy's tan emblemÁtico y tan icÓnico.gar tenemos recuerdos de infancia o de juventud, muchÍsima gente que vive aquÍ ha venido a comprar una vez o por lo menos ha venido a tomarse una foto con el Árbol de navidad que se encuentra aquÍ cada mes de diciembre. mÁs temprano estuve platicando con un pintor, que prÁcticamente te digo que tenÍa lÁgrimas en los ojos porque dijo que su esposa le mando la noticia de este cierre de macy's, serÁn...
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macy's of all time. you know where it's elegant. and it's a shame. i love the city and i grew up there and i just here 2 years and i miss a city still. >> but what i miss in the city is an existing anymore. is it somebody is i don't it's not clear what stores will be shuttered. a spokesperson with broadway plaza told kron 4 news. >> they have not received any notice of any changes to their me says in walnut creek, theresa kron, 4 news. >> another downtown san francisco. walgreens is no more. the story to 75 sacramento closed up for the last time at 3 o'clock today. this closure follows walgreen's decision to close its store on geary and taylor near union square. well, green spokesperson says the difficult decision followed changes in the local market and buying habits as the main reasons for the closure. the man charged with killing his girlfriend by strangling her on a santa cruz beach made his first court appearance today. samuel stone declined to enter a plea. police believe the 20 year-old murdered h
macy's of all time. you know where it's elegant. and it's a shame. i love the city and i grew up there and i just here 2 years and i miss a city still. >> but what i miss in the city is an existing anymore. is it somebody is i don't it's not clear what stores will be shuttered. a spokesperson with broadway plaza told kron 4 news. >> they have not received any notice of any changes to their me says in walnut creek, theresa kron, 4 news. >> another downtown san francisco....
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macy's is at the center of all of it. and so when the company announced it will be closing its flagship west coast store, people seemed to pause for just a little longer than some of the other headlines we've heard about businesses packing up and leaving san francisco. and while it may be the biggest blow yet to union square, one business owner in the area tells kelsi thorud he still thinks and believes that the future of the neighborhood is bright. >> reporter: well not only are customers shocked by the news that the union square macy's will be closing, but local businesses are also shocked and wondering how this closure may impact their business moving forward. john, the owner of john's grill near union square, tells me his restaurant has seen this neighborhood change a lot over the years. >> john's grill's been open since 1908, and since 1908 we've lost many iconic stores like joseph magnum, what else can i remember, liberty house, city of paris, so many places have closed. >> reporter: so when john heard the news the
macy's is at the center of all of it. and so when the company announced it will be closing its flagship west coast store, people seemed to pause for just a little longer than some of the other headlines we've heard about businesses packing up and leaving san francisco. and while it may be the biggest blow yet to union square, one business owner in the area tells kelsi thorud he still thinks and believes that the future of the neighborhood is bright. >> reporter: well not only are...
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walgreens and macy's going out of the city. what's next for the empty spaces that the stores will leave behind the oakland police commission finally revealing the next batch of candidates being considered to replace the fired police chief. >> where they are and how regular folks can help weigh in on who gets the job and now attend the east bay becoming a hospital desert. what's being planned that could leave many residents without a nearby hospital. >> when fun time from the bay area's local news station. you're watching kron. 4 news. and thanks so much for joining us at 10. >> i'm vicki liviakis. i'm grant lotus tonight on the heels of macy's announcement that it's closing its location in san francisco's union square. walgreens says it is also closing up a downtown location people who live in the area have been trying to prevent this from happening. but those efforts did not succeed. our kron four's. sara stinson joins us now live in the studio after talking to neighbors. sarah. >> and many are worried about seniors who are no
walgreens and macy's going out of the city. what's next for the empty spaces that the stores will leave behind the oakland police commission finally revealing the next batch of candidates being considered to replace the fired police chief. >> where they are and how regular folks can help weigh in on who gets the job and now attend the east bay becoming a hospital desert. what's being planned that could leave many residents without a nearby hospital. >> when fun time from the bay...
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macy's union square. has now been confirmed to be one of those underproductive locations that will be shuttered. san francisco mayor london breed saying. for macy's, this was not a safety issue, but came down to dollars and cents. >> macy's made a business decision to close 150 stores all over the country, and they are selling the property at union square. the union square alliance released a statement saying the closure hurts the head of the union square alliance, saying that she believes that we should work toward a solution that allows macy's to keep this iconic store open. >> however, if that does not come to pass, our expectation is that a new owner for this iconic site will come forward to continue a fresh and vibrant vision at this critical location. san francisco mayor london breed also saying she hopes to work with the new owner. whoever that is, to adapt this site to meet the city's needs. now, it is unclear at this time is an exact timetable. various sources that have been in contact with macy'
macy's union square. has now been confirmed to be one of those underproductive locations that will be shuttered. san francisco mayor london breed saying. for macy's, this was not a safety issue, but came down to dollars and cents. >> macy's made a business decision to close 150 stores all over the country, and they are selling the property at union square. the union square alliance released a statement saying the closure hurts the head of the union square alliance, saying that she...
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well san francisco is not the only macy's store that will be closing. >> macy's news ceo announced plans to close 50 macy's stores nationwide this year, and another 100 by 2026. after posting a fourth quarter loss and declining sales in an effort to turn things around, macy's says it will upgrade its remaining 350 stores by adding more salespeople to fitting areas, and will pivot to a focus on luxury. item sales may is also the parent company of bloomingdale's and the cosmetics and skin care chain bloomberg. the company says it will open 15 new bloomingdale's stores and 30 new bluemercury stores in the next two years, and two of the leading candidates for mayor of san francisco are now expressing their concern about the closure of the iconic store in union square. >> it's scary for the city of san francisco. macy's has been an iconic part of our city for decades. it's been the anchor tenant of union square. it's the tree lighting. it's the ice skating rink. over the holidays. it's so much that the city of san francisco, this is really a frightening day for our city. >> former supervisor
well san francisco is not the only macy's store that will be closing. >> macy's news ceo announced plans to close 50 macy's stores nationwide this year, and another 100 by 2026. after posting a fourth quarter loss and declining sales in an effort to turn things around, macy's says it will upgrade its remaining 350 stores by adding more salespeople to fitting areas, and will pivot to a focus on luxury. item sales may is also the parent company of bloomingdale's and the cosmetics and skin...
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john's grill says he's sad to see macy's go. >> he says shopping at macy's and eating at his restaurant. it's a tradition people from around the world of enjoyed. >> it's really important that they find. a great operator or come up with a great plan to fill >> shoots deceased. going to be. speak a big deal lot, not a lot of jobs lost square area live in san francisco. dan kerman kron. 4 news. thank you, dan. and coming up at 06:30pm, tonight will head to the east bay, too, macy store. that seems to be thriving. talk to shoppers. their bout. >> what seems to be working at that location? >> well, if you've driven on interstate 8.80, through oakland this week, you may have noticed something missing missing. that's because the large a's rooted in oakland sign on the side of the coliseum. >> has been painted over. that happened yesterday. that sign headed or on the side of the coliseum since 2017 part of the campaign to try to build a new ballpark in oakland, you know, rooted in oakland. >> but now with the club. >> trying to move to las vegas. the a's have taken that signage down the a's se
john's grill says he's sad to see macy's go. >> he says shopping at macy's and eating at his restaurant. it's a tradition people from around the world of enjoyed. >> it's really important that they find. a great operator or come up with a great plan to fill >> shoots deceased. going to be. speak a big deal lot, not a lot of jobs lost square area live in san francisco. dan kerman kron. 4 news. thank you, dan. and coming up at 06:30pm, tonight will head to the east bay, too,...
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macy's closure immediately became a talking point. some are putting it up as proof we need a change in leadership, they say >> this is a blow. but we are coming back. this city is the greatest city in the world. but we need a plan. >> there are definitely possibilities here. it is not like nordstroms where they say we are leaving, exiting, this is a completely different situation. i look at it as an opportunity. >> mayor breed said this is one of 150 stores closing nationwide. it could be awhile before the building is sold. our teams are out there gathering reaction for the story and posting all of it on our website kpix.com. >>> now, to the north bay, the santa rosa school district says employees will be getting pink slips in the coming weeks. the superintendent says the layoffs are because of a budget short fall after they received pandemic funds that are now expiring. no word yet how many workers will be laid off or what jobs they are in currently. berkeley officials say they are working to prevent the city from becoming a hospital
macy's closure immediately became a talking point. some are putting it up as proof we need a change in leadership, they say >> this is a blow. but we are coming back. this city is the greatest city in the world. but we need a plan. >> there are definitely possibilities here. it is not like nordstroms where they say we are leaving, exiting, this is a completely different situation. i look at it as an opportunity. >> mayor breed said this is one of 150 stores closing nationwide....
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macy's has been an iconic part of our city for decades. it's been the anchor tenant of union square. it's the tree lighting. it's the ice skating rink over the holidays, it's so much that the city of san francisco, this is really frightening day for our city. >> former supervisor and former interim mayor mark farrell said the city needs to fix issues including crime, drugs and homelessness to attract businesses to the downtown core. another candidate, nonprofit executive daniel lurie, called today a major blow. >> retailers changed. there's no question about it. um, but i'm just going to worry about san francisco. i'm going to be concerned about making sure we attract retail. we attract businesses here. and it starts with public safety. the drug crisis, the mental health crisis , lurie said that he also wants to cut red tape and bureaucracy and help encourage businesses, large and small, to open in the city. >> and a quick reminder for you that our coverage of san francisco in the future of the city continues on your smart tv through our f
macy's has been an iconic part of our city for decades. it's been the anchor tenant of union square. it's the tree lighting. it's the ice skating rink over the holidays, it's so much that the city of san francisco, this is really frightening day for our city. >> former supervisor and former interim mayor mark farrell said the city needs to fix issues including crime, drugs and homelessness to attract businesses to the downtown core. another candidate, nonprofit executive daniel lurie,...
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it's really a larger business decision that macy's has made. >> macy's says the closures are part of a shift in business strategy from large stores to malls and from large stores in malls to more boutique shops. the president and ceo of the union square alliance said i believe that we should work toward a solution that allows macy's to keep this iconic store open. however, if that does not come to pass, our expectation is that a new owner for this iconic site will come forward to continue a fresh and vibrant vision at this critical location. san francisco's flagship store will stay open until the property is sold, which likely won't happen until the end of the year. live in studio lena howland, abc seven news. >> all right, lena, thank you so much. so is macy's closing a reflection on the city? some think so, including people running to replace london breed as mayor of san francisco. here's what candidate daniel lurie had to say about it. >> this is a blow, but we're coming back. this city is the greatest city in the world. but we need a plan. and that's where we have to address publ
it's really a larger business decision that macy's has made. >> macy's says the closures are part of a shift in business strategy from large stores to malls and from large stores in malls to more boutique shops. the president and ceo of the union square alliance said i believe that we should work toward a solution that allows macy's to keep this iconic store open. however, if that does not come to pass, our expectation is that a new owner for this iconic site will come forward to continue...
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Feb 28, 2024
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this comes as the iconic macy's location in san francisco has announced it's set to close today. >> macy's announced the closing 150 underperforming stores by 2026. 50 of them will close by the end of this year. the union square location in san francisco will be open the rest of 2024, but it's set to close in 2026. giving macy's enough time to find a buyer for the property. today we spoke with mayor london breed during kron for news at 3, she emphasized macy's decision was not because of crime in the city. >> when i talked to the folks from macy's that was not mentioned in its factors to close because it was about its entire portfolio. it's about the profitability and the changes in retail and how people are shopping, how their online businesses is definitely doing very well. and they had to make some really hard decisions. and and the real estate that this macy's is setting in is extremely valuable. >> mayor breed added the next step will be to find a use for the space profitable and attracts people to union square kron. 4 was also able to speak san francisco shoppers today about the clos
this comes as the iconic macy's location in san francisco has announced it's set to close today. >> macy's announced the closing 150 underperforming stores by 2026. 50 of them will close by the end of this year. the union square location in san francisco will be open the rest of 2024, but it's set to close in 2026. giving macy's enough time to find a buyer for the property. today we spoke with mayor london breed during kron for news at 3, she emphasized macy's decision was not because of...
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Feb 27, 2024
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macy's now the macy's union square store in san francisco, employs about 400 people. >> the san francisco union square alliance says they expect that store to remain open, and that in all likelihood, they believe there will be a union square christmas tree in 2024. later this year, and holiday shopping this year as well. although what happens to that space after 2026 isn't clear. my colleague christien kafton will have more on this story in our later newscast. for now, we'll send it back to you. andre. >> another big blow to san francisco. ali, thank you for that report. now out of this neighborhood, groups in downtown san francisco are fighting to keep a walgreens store open. the pharmacy chain is planning to close its location on sacramento and front streets today, citing changes in consumer buying habits. but people living near the store in the financial district say closing it would have a big impact on the livability of the area. they've collected more than 1000 signatures in an effort to keep the store from closing. new at noon, governor newsom announced today that the california na
macy's now the macy's union square store in san francisco, employs about 400 people. >> the san francisco union square alliance says they expect that store to remain open, and that in all likelihood, they believe there will be a union square christmas tree in 2024. later this year, and holiday shopping this year as well. although what happens to that space after 2026 isn't clear. my colleague christien kafton will have more on this story in our later newscast. for now, we'll send it back...
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macy's stated reason for leaving union square is business restructure. but our media partner, the san francisco standard, talks to employees who say rampant shoplifting is also to blame. but first, california march primary is just five days away and one of the biggest battles in the bay area is for south bay. congressional seat. you are watching, getting answers. i'm kristen sze. thanks for joining us. we'll get to those conversations in just a moment. but first, the storm door is open and rain is moving through this weekend. we are tracking a level one storm today on our exclusive abc7 news storm impact scale. we'll see rain and wind here in the bay area. in fact, you're seeing it now from this emeryville camera looking at i-80 and across the bay raining right now. and of course, that means snow in the sierra. abc seven news meteorologist lisa argen has a look at what's in store for this evening and the weekend. the rain and wind continue to push through the bay area with our level one system, and this is just the beginning of several rainy days, so lig
macy's stated reason for leaving union square is business restructure. but our media partner, the san francisco standard, talks to employees who say rampant shoplifting is also to blame. but first, california march primary is just five days away and one of the biggest battles in the bay area is for south bay. congressional seat. you are watching, getting answers. i'm kristen sze. thanks for joining us. we'll get to those conversations in just a moment. but first, the storm door is open and rain...
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Feb 28, 2024
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and this year, the bayfair center macy's in san leandro also closed. it is still unclear if any other macy's stores in the bay area will close as a result of today's announcement. >> new at 11 contra costa county prosecutor is charged a man with murder in the shooting death of the mother of his young son. 36 year old jeffrey kendall is accused of murdering 30 year old brittany ligdus. earlier this month. investigators say during the morning of the incident, kendall broke into the woman's home in pinole and fatally shot her. the toddler was home at the time but not injured. kendall was booked into the county jail in martinez. he is charged with murder, having an assault weapon and child endangerment. >> a berkeley resident who was hit by a car while jogging two weeks ago has died from her injuries. as ktvu joy huerta shows us friends and coworkers are remembering her as a kind and giving spirit. ask anyone who lives here and they'll tell you. >> the intersection of marin avenue and oxford street in the berkeley hills is dangerous. >> it's just a very, v
and this year, the bayfair center macy's in san leandro also closed. it is still unclear if any other macy's stores in the bay area will close as a result of today's announcement. >> new at 11 contra costa county prosecutor is charged a man with murder in the shooting death of the mother of his young son. 36 year old jeffrey kendall is accused of murdering 30 year old brittany ligdus. earlier this month. investigators say during the morning of the incident, kendall broke into the woman's...
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Feb 28, 2024
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it's really a larger business decision that macy's has made. >> macy's says the closures are part of a shift in business strategy from large stores and malls to more boutique shops. macy's is the latest in the list of iconic union square in downtown retail stores to close, including nordstrom and the westfield mall. the mayor says the closure is disappointing, but she's hopeful for change. there are definitely possibilities here. >> this is not like nordstrom's, where they say we're leaving, we're exiting, the president and ceo of union square alliance shared this quote. >> i believe that we should work toward a solution that allows macy's to keep this iconic store open. however, if that does not come to pass, our expectation is that a new owner for this iconic site will come forward to continue a fresh and vibrant vision at this critical location. many see the iconic macy's will be hard to replace. the store employs about 400 workers, many of them union employees, says jim irby with ufcw local five. >> these are folks that have worked at this store for decades to give their life, yo
it's really a larger business decision that macy's has made. >> macy's says the closures are part of a shift in business strategy from large stores and malls to more boutique shops. macy's is the latest in the list of iconic union square in downtown retail stores to close, including nordstrom and the westfield mall. the mayor says the closure is disappointing, but she's hopeful for change. there are definitely possibilities here. >> this is not like nordstrom's, where they say we're...
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Feb 27, 2024
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thing macy's is thinking about. -- not the only thing macy's is thinking about.aine: we got a chance to ask. he very politely dodged the question, saying he was not going to comment. i reached out to one of the firms that has made a public proposal for the company. they declined to comment, saying they are trying to digest today's report but they may have a comment in the future. we should point out with our cows have more of an interest -- arc house has more of an interest in the retail -- real estate side. katie: definitely an interesting story to follow. romaine bostick, really appreciate your time and reporting. a look at macy's currently up about 7%. shareholders clearly finding a lot to like. let's continue the conversation and take a deeper dive into the broader markets with joanne feeney, partner and portfolio manager at advisors capital management. let's start there with macy's. this turnaround plan the company announced clearly finding a lot of buyers when it comes to shares this morning. how are you thinking about it? joanne: good morning. macy's has b
thing macy's is thinking about. -- not the only thing macy's is thinking about.aine: we got a chance to ask. he very politely dodged the question, saying he was not going to comment. i reached out to one of the firms that has made a public proposal for the company. they declined to comment, saying they are trying to digest today's report but they may have a comment in the future. we should point out with our cows have more of an interest -- arc house has more of an interest in the retail --...
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Feb 27, 2024
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it is really macy's related.you mentioned off the top, laura, they're closing 150 stores, from the mayor saying the city will continue to work closely with macy's and any potential new owner to ensure the iconic location continues to serve the city for decades to come. that's really an admission of, hey, we are losing this iconic store. we hope something retail or biotech or a.i. which are two of the strong things coming into san francisco. >> we talking about a lot of square footage here. >> it is. 4,000 square feet. people go there for the shopping, the ambiance, the cheese skak factory. >> everything. >> i was there on saturday watching the chinese new year parade and looking over the building and for all of the downs you hear about san francisco they have an iconic store that lights up at night, not even thinking we would be talking about it closing. >> it is sad. does it say anything good going for the city right now? >> this doesn't, no, because macy's could have chose to keep this one open if it was a real
it is really macy's related.you mentioned off the top, laura, they're closing 150 stores, from the mayor saying the city will continue to work closely with macy's and any potential new owner to ensure the iconic location continues to serve the city for decades to come. that's really an admission of, hey, we are losing this iconic store. we hope something retail or biotech or a.i. which are two of the strong things coming into san francisco. >> we talking about a lot of square footage...
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Feb 27, 2024
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we've asked macy's for a list, but macy's is the largest department store chain in the nation.t owns not just 350 macy's stores, but it's also the parent company of bloomingdale's and the cosmetics store chain bluemercury. macy's and bloomingdale's sales during the 2023 holiday shopping season were down compared to the year before. a new ceo took over the company. last month, macy's had faced threats of a possible takeover if it didn't turn things around, so the company's ceo says they will close 50 macy's stores this year across the nation and then another 100 by the year 2026. during that time, though, they plan to open 15 new bloomingdale's stores and 30 new bluemercury stores across the country, focusing on opening smaller, standalone stores that are not in traditional shopping malls. >> exiting stores allows us to prioritize our highest return on mall opportunities and open more small format off mall. macy's at the end of the year, we operated 12 of small formats. as previously disclosed, we plan to open up 30 more in the next two years, including 12 this year. macy's ceo
we've asked macy's for a list, but macy's is the largest department store chain in the nation.t owns not just 350 macy's stores, but it's also the parent company of bloomingdale's and the cosmetics store chain bluemercury. macy's and bloomingdale's sales during the 2023 holiday shopping season were down compared to the year before. a new ceo took over the company. last month, macy's had faced threats of a possible takeover if it didn't turn things around, so the company's ceo says they will...
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how much of this will change if macy's pulls out and it's a more of a ross atmosphere? how will that affect that neighborhood? >> you know, i think just vacancies in general affect the neighborhood. and there are already a few. a lot actually. so i think that's already kind of the trend in that area. we're happy to have ross. we hope they stay. and you know, it's wonderful that that store is doing well. there are also other wins that recently came ikea opened up in the neighborhood. so there are new businesses that are coming in. we'll have to see how that goes. >> yeah. let's just i just want to show what mayor london breeze said about it. right she said the city will continue to work closely with macy's and any potential new owner to ensure this iconic location continues to serve san francisco for a decades to come. she also said, i'm also continuing to talk to leaders in retail, business and real estate about how we can continue to focus on the long terme success of this site and others, so for you to what opportunities do you think exist here? what are some other bu
how much of this will change if macy's pulls out and it's a more of a ross atmosphere? how will that affect that neighborhood? >> you know, i think just vacancies in general affect the neighborhood. and there are already a few. a lot actually. so i think that's already kind of the trend in that area. we're happy to have ross. we hope they stay. and you know, it's wonderful that that store is doing well. there are also other wins that recently came ikea opened up in the neighborhood. so...
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Feb 28, 2024
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macy's owned this building in union square since 1947. the announcement is a blow to the efforts to revitalize the area and a piece of san francisco history will be going away. the mayor downplayed the role of retail theft in the city and how it may have played into this decision. >> we have seen a significant decline in crime. we know this has nothing to do with that decision. it's really a larger business decision that macy's made. >> experts say retail crime had a lot to do with the decision to leave union square. macy's will stay open through at least this year as the company looks for someone to buy it's building at this location. macy's issued the statement saying closing the store is never an easy decision. we are committed to supporting our impacted colleagues with opportunities wherever available across macy's inc. and to communicating with transparency. >>> in oakland, the a's are beginning to uproot from oakland and had to las vegas. that want to be for a couple years. alive look at the coliseum this evening. community groups c
macy's owned this building in union square since 1947. the announcement is a blow to the efforts to revitalize the area and a piece of san francisco history will be going away. the mayor downplayed the role of retail theft in the city and how it may have played into this decision. >> we have seen a significant decline in crime. we know this has nothing to do with that decision. it's really a larger business decision that macy's made. >> experts say retail crime had a lot to do with...
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Feb 28, 2024
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. >>> also tonight, macy's closing 150 stores. the other store that company now says it will focus on. >>> and the big test run from wendy's tonight. the plan to charge you higher prices if you get in line during the rush. >> david: good evening, and it's great to have you with us here on a tuesday night. we do begin tonight with severe weather. the tornado watch in chicago. the severe storms from the midwest, then moving east. washington, philadelphia, new york city tomorrow. and tonight, several major wildfires burning out of control in texas. all part of this system. mandatory evacuations in effect. the governor of texas declaring a disaster. and the town of canadian, they are completely surrounded by fire. look at the images coming in tonight. cutting off all roads. people there now ordered to shelter in place. incredibly, flames now 20 feet into the air. the fire called the smokehouse creek fire quadrupling in size in 24 hours. we're told moments ago at least 250,000 acres now burning, 0% contained tonight. the apocalyptic sc
. >>> also tonight, macy's closing 150 stores. the other store that company now says it will focus on. >>> and the big test run from wendy's tonight. the plan to charge you higher prices if you get in line during the rush. >> david: good evening, and it's great to have you with us here on a tuesday night. we do begin tonight with severe weather. the tornado watch in chicago. the severe storms from the midwest, then moving east. washington, philadelphia, new york city...
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Feb 28, 2024
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macy's inc. is also the parent company of bloomingdale's and bluemercury skincare.e's and 30 bluemercury cosmetic stores in the next two years. the store at union square is expected to stay open until macy's can sell the 400,000 square foot property. san francisco mayor london breed says she will work closely with businesses, real estate and community leaders to determine what's next for the property. our goal is to make sure that we focus on the opportunities and the opportunity to ensure that this space is used for something that will be profitable, that will be a destination that will attract people. the ceo of the union square alliance, the business advocacy group, released this statement. she says, quote, i believe we should work toward a solution that allows macy's to keep this iconic store open. however if that does not come to pass, our expectation is that a new owner for this iconic site will come forward to continue a fresh and vibrant vision at this critical location. end quote. >> our time is 504 and the business is near macy's say the plans to close tha
macy's inc. is also the parent company of bloomingdale's and bluemercury skincare.e's and 30 bluemercury cosmetic stores in the next two years. the store at union square is expected to stay open until macy's can sell the 400,000 square foot property. san francisco mayor london breed says she will work closely with businesses, real estate and community leaders to determine what's next for the property. our goal is to make sure that we focus on the opportunities and the opportunity to ensure that...
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it's really a larger business decision that macy's has made. >> macy's says it's shifting its business model from larger stores and malls to boutique shops. >> hard to imagine union square without it. well, another future in question is the oakland coliseum. a's fans say it could be the site of a new economic opportunities. as the owner of the a's focus on moving the team to las vegas. but abc seven news reporter ryan curry says there is something standing in the way for the future of east oakland is centered around the coliseum, and community groups wanted out of john fisher's hands. the oakland united coalition is calling on the alameda county board of supervisors to end their agreement with the a's owner. >> their agreement is allowing the a's ownership to block the flow of needed resources into the east oakland community. >> development groups such as the african american sports and entertainment group already have big plans to redevelop the land. the plans include new housing, a new entertainment district, and possibly new stadiums for other teams. however, fisher owns half the la
it's really a larger business decision that macy's has made. >> macy's says it's shifting its business model from larger stores and malls to boutique shops. >> hard to imagine union square without it. well, another future in question is the oakland coliseum. a's fans say it could be the site of a new economic opportunities. as the owner of the a's focus on moving the team to las vegas. but abc seven news reporter ryan curry says there is something standing in the way for the future...
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Feb 28, 2024
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macy's says that should give them enough time to find a buyer for that property. we spoke to mayor london breed during the kron. 4 news at 3. we invited her here into our studios and she emphasized that macy's decision to close their union square location was not because of any concerns about crime. >> when i talked to the folks from macy's that was not mentioned in its factors to close because it was about its entire portfolio. it's about the profitability of the changes in retail and how people are shopping, how their online businesses is definitely doing very well. and they had to make some really hard decisions. and and the real estate that this macy's is setting in is extremely valuable. >> well, mayor breed added that the next step will be to find a use for that space that it's profitable and that it continues to attract people to union square. we had a chance to speak with some shoppers out in the streets in front of macy's. some of them hearing about this news for the first time. and they were shocked. >> really sad about that sad about. union square mean
macy's says that should give them enough time to find a buyer for that property. we spoke to mayor london breed during the kron. 4 news at 3. we invited her here into our studios and she emphasized that macy's decision to close their union square location was not because of any concerns about crime. >> when i talked to the folks from macy's that was not mentioned in its factors to close because it was about its entire portfolio. it's about the profitability of the changes in retail and...
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Feb 28, 2024
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an announcement from macy's changing the retail landscape with its macy's one day sale this morning. a department store in distress. macy's announcing it's closing. 150 stores in the next three years. the 166 year old retailer is making the move to focus instead on expanding its luxury brands, bloomingdale's and bloomberg cosmetic stores. >> the companies that appeal to higher end consumers have been doing well. it's those in the middle that, like macy's that are struggling the most. >> the company plans to open 15 new bloomingdale's and 30 new bluemercury locations, and the macy's locations that will remain open. many of them will get an upgrade, including more visual displays and larger sales staff. >> they feel that the mall has a place in the way consumers want to shop, but it just needs to be reimagined. re-enlivened and, you know, upgraded a bit. >> the company is also investing in dozens of small format locations, about one fifth the size of a traditional macy's for a more intimate shopping experience. of the 150 macy's that are closing, 50 of those will close this year. >> ti
an announcement from macy's changing the retail landscape with its macy's one day sale this morning. a department store in distress. macy's announcing it's closing. 150 stores in the next three years. the 166 year old retailer is making the move to focus instead on expanding its luxury brands, bloomingdale's and bloomberg cosmetic stores. >> the companies that appeal to higher end consumers have been doing well. it's those in the middle that, like macy's that are struggling the most....
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Feb 28, 2024
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i just know that the macy's creek and smaller when the wind, san francisco warning looks like macy's of all time. you know where it's elegant. >> and it's a shame. i love the city and i grew up there and i just moved here 2 years it's a city still. but what i miss in the city is an existing anymore. is it somebody is i don't it's not clear what stores will be shuttered. a spokesperson with broadway plaza told kron 4 news. >> they have not received any notice of any changes to their me says in walnut creek, theresa kron, 4 news. >> in the south a new ranking list, san jose among the top 5 best places to live in the country. u.s. news and world report has the city at number 4 when it comes to quality of life listing san jose as quote, a diverse area with an innovative spirit. the ranking takes into account factors like crime and commute time as well as education and health care. the report also gave san jose high marks for its proximity to the ocean and the sierra as well as wine country. the 3 cities that beat san jose madison, wisconsin, boulder, colorado, couple of great college tow
i just know that the macy's creek and smaller when the wind, san francisco warning looks like macy's of all time. you know where it's elegant. >> and it's a shame. i love the city and i grew up there and i just moved here 2 years it's a city still. but what i miss in the city is an existing anymore. is it somebody is i don't it's not clear what stores will be shuttered. a spokesperson with broadway plaza told kron 4 news. >> they have not received any notice of any changes to their...
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Feb 28, 2024
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macy's plans to close 150 underperforming stores in an effort to downsize. the macy's culture be
macy's plans to close 150 underperforming stores in an effort to downsize. the macy's culture be
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Feb 28, 2024
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it's really a larger business decision that macy's has made. >> macy's says the closures are part of a shift in business strategy from large stores and malls to more boutique shops. macy's is the latest in a list of iconic union square in downtown retail stores to close, including nordstrom and the westfield mall. the mayor says the closure is disappointing, but she's hopeful for change. >> there are definitely possibilities here. this is not like nordstrom's, where they say we're leaving, we're exiting, the president and ceo of union square alliance shared this quote. >> i believe that we should work toward a solution that allows macy's to keep this iconic store open. however, if that does not come to pass, our expectation is that a new owner for this iconic site will come forward to continue a fresh and vibrant vision at this critical location. many say the iconic macy's will be hard to replace. the store employs about 400 workers, many of them union employees, says jim irby with ufcw local five. >> these are folks that have worked at this store for decades to give their life, you
it's really a larger business decision that macy's has made. >> macy's says the closures are part of a shift in business strategy from large stores and malls to more boutique shops. macy's is the latest in a list of iconic union square in downtown retail stores to close, including nordstrom and the westfield mall. the mayor says the closure is disappointing, but she's hopeful for change. >> there are definitely possibilities here. this is not like nordstrom's, where they say we're...
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Feb 27, 2024
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>> now to macy's will close at san francisco union square location. how much longer this flagship shop will stay open and why the store is going to be shutting down and what will happen to the coliseum site after the a's leave. what a community group wants. the alameda county board of supervisors to do with it. and a major snowstorm is about to slam the sierra with officials predicting up to 10 feet of fresh powdeu. so travel conditions could be almost impossible. also how all that snow will help our water supply. >> news station. 2. >> thank you for joining us. here on property is at 2. i'm justine waldman, a big story that we're following this afternoon is that macy's is announcing it's going to be closing its iconic san francisco union square location. another big sign up the change in the retail shopping experience in the city and kron four's tiffany's justice has been following the story since it broke early this morning. and now she has reaction from shoppers there in union square. tiffany, thanks for joining us. >> yes, a lot of shoppers disapp
>> now to macy's will close at san francisco union square location. how much longer this flagship shop will stay open and why the store is going to be shutting down and what will happen to the coliseum site after the a's leave. what a community group wants. the alameda county board of supervisors to do with it. and a major snowstorm is about to slam the sierra with officials predicting up to 10 feet of fresh powdeu. so travel conditions could be almost impossible. also how all that snow...
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Feb 27, 2024
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macy's announces plans to downsize. are closing and what will be different in the stores that stay open. then what is that smell? well, nothing yet, but the bloom of a corpse flower is expected to draw huge crowds to the california academy of sciences in golden gate. park any day now we're talking live with someone from the cal academy ab t how it is cl r i launched our campaign at this union hall. let's go win this thing! then we hit the road and never stopped. you shared with me your frustration at working harder to barely get by and afford a place to live. your fears for our democracy and freedoms and your dreams for yourself, your family, and the future. it is not too late to realize those dreams. i'm adam schiff, and i approve this message because together we can still get big things done. here's your biggie bag. all that food for 5 bucks. -that's my go to. -oooh - that's my ride or die. hah.... just like you and me.... (singing) ♪ bag boys ♪ ♪ bag boys, whatcha gonna do ♪ don't... -♪ whatcha gonna do ♪ -don't... -
macy's announces plans to downsize. are closing and what will be different in the stores that stay open. then what is that smell? well, nothing yet, but the bloom of a corpse flower is expected to draw huge crowds to the california academy of sciences in golden gate. park any day now we're talking live with someone from the cal academy ab t how it is cl r i launched our campaign at this union hall. let's go win this thing! then we hit the road and never stopped. you shared with me your...
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giving macy's enough time. they say to find a buyer for the property. we did speak with mayor london breed during the kron. 4 news at 3 yesterday. and she emphasized macy's decision had nothing to do with concerns about crime in the city. >> when i talked to the folks from macy's that was not mentioned in its factors to close because it was about its entire portfolio. it's about the profitability and the changes in retail and how people are shopping, how their online businesses is definitely doing very well. and they had to make some really hard decisions. and and the real estate that this macy's is setting in is extremely valuable. >> well, mayor breed added that the next step will be to find a use for that space that is profitable and attracts people to union square kron. 4 was also able to speak to san francisco shoppers and they were shocked to hear the news. >> i'm really sad about that sad about. union square mean this is the heart of the city and >> you know, it's one more blow to the locals and the way the world is starting to see is has >> well
giving macy's enough time. they say to find a buyer for the property. we did speak with mayor london breed during the kron. 4 news at 3 yesterday. and she emphasized macy's decision had nothing to do with concerns about crime in the city. >> when i talked to the folks from macy's that was not mentioned in its factors to close because it was about its entire portfolio. it's about the profitability and the changes in retail and how people are shopping, how their online businesses is...
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Feb 28, 2024
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macy's says it will give them enough time to find a buyer for the property. we spoke with mayor london breed, in fact, invited her into the kron. 4 news 3 yesterday and she emphasized that macy's decision had nothing to do with concerns about rising crime. >> when i talked to the folks from macy's that was not mentioned in its factors to close because it was about its entire portfolio. it's about the profitability of the changes in retail and how people are shopping, how their online businesses is definitely doing very well. and they had to make some really hard decisions. and and the real estate that this macy's is setting in is extremely valuable. >> well, mayor breed added that the next step will be to find a use for that space that's profitable and attracts people to union square kron. 4 did speak to san francisco shoppers. many of them shocked with what they heard. >> i'm really sad about that sad about. union square mean this is the heart of the city and you know, it's one more blow to the locals and the way the world is starting to see is has >> well,
macy's says it will give them enough time to find a buyer for the property. we spoke with mayor london breed, in fact, invited her into the kron. 4 news 3 yesterday and she emphasized that macy's decision had nothing to do with concerns about rising crime. >> when i talked to the folks from macy's that was not mentioned in its factors to close because it was about its entire portfolio. it's about the profitability of the changes in retail and how people are shopping, how their online...
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Feb 27, 2024
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macy's outlining a plan to reinvigorate sales that involves the shuttering of 150 of macy's 500 stores at the same time opening, growing more of its luxury brand storefronts. that plan includes the buildout of 15 new bloomingdale's stores and at least 30 you mercury beauty shops over the next three years to boost sales and nester confidence. at least today it's working, the stock's up. but joining me now after this morning's retail reports the sw retail advisers' finder stacy bidlets. i was so glad you were here because i was really interested to know, listen, macy's had to do something. just as we saw consumer spending soar during the holiday quarter, macy's sales during the same time period slumped 2% what's your assessment of whether the new plan will work? >> that's exactly it, liz. you've seen here may -- macy's, we've been through over one of the biggest retail booms from precovid to post-covid, and macy's has not participated. and today they're announcing really that they're going to shrink by closing 25% of their square footage which represented only, by the way, or 10% of thei
macy's outlining a plan to reinvigorate sales that involves the shuttering of 150 of macy's 500 stores at the same time opening, growing more of its luxury brand storefronts. that plan includes the buildout of 15 new bloomingdale's stores and at least 30 you mercury beauty shops over the next three years to boost sales and nester confidence. at least today it's working, the stock's up. but joining me now after this morning's retail reports the sw retail advisers' finder stacy bidlets. i was so...
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but they're seeing that drag from the consumer at macy's also last month, it was announced that macy's was going to lay off 2,300 employees. so you just wonder what kind of a footprint both from the space we shall standpoint, but also employee standpoint, macy's is really going to have also just note wall street taking notice of this new plan and they seem to like it macy's stock up about 5% this morning. so wall street, thinking that this is moving in the right direction and the ceo clearly saying this is this is the direction that they need to be moving in in order to be profitable. jim >> all right vanessa yurkevich, thanks so much. we'll be right back >> elliott spitzer crusading governor by day, wanted to be present in the united states. client number nine by night's this guy who was a presale are against human sex trafficking is actually a customer. >> united states of scandal with jake tapper new episodes sunday at nine on cnn, you're shipping manager left to find themselves leaving. you lost unique to hire. i need indeed, indeed you do. indeed instant match, instantly delivers
but they're seeing that drag from the consumer at macy's also last month, it was announced that macy's was going to lay off 2,300 employees. so you just wonder what kind of a footprint both from the space we shall standpoint, but also employee standpoint, macy's is really going to have also just note wall street taking notice of this new plan and they seem to like it macy's stock up about 5% this morning. so wall street, thinking that this is moving in the right direction and the ceo clearly...
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Feb 28, 2024
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. >>> macy's and union square will be closing. for some, it is a heartbreaking end of a golden era.or others, it is a golden opportunity to reimagine the heart of san francisco. nbc's terry mcsweeney has the latest. >> that is going to be a loss to the community. that is terrible. >> it is a big loss. sometimes good price, good deals, sometimes it is so expensive. >> reaction this evening to the announcement that it is will sell its iconic store and union square sometime after this year. the locations future, very much up in the air. >> it is a beautiful building. next to it is an iconic holding, the old imac in a building that will still be the bottom will be retail, the middle level will be office space and the top level will be housing and i think the possibilities are endless for this macy's location. >> reporter: macy's says it is closing 150 stores nationwide and crime was not a factor in the closing of this store but a long time macy's employee who did not want to be identified tells a very different story >> i see the homeless, i see the crime. people who are coming into the
. >>> macy's and union square will be closing. for some, it is a heartbreaking end of a golden era.or others, it is a golden opportunity to reimagine the heart of san francisco. nbc's terry mcsweeney has the latest. >> that is going to be a loss to the community. that is terrible. >> it is a big loss. sometimes good price, good deals, sometimes it is so expensive. >> reaction this evening to the announcement that it is will sell its iconic store and union square...
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Feb 28, 2024
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he is sure retail crime had a lot to do with macy's decision to abandon iconic union square. he said anything can go in its place from hotels to condos, even another retail giant because it's still coveted real estate. >> union square is up there with paris and montreal as one of the finest for food, fashion and travelers. union square will always come back in some form. >> shoppers were stunned. >> it's terrible. we are visiting from the uk. it's very sad to see san francisco like this. someplace is closing down. >> changing with themes to come with e-commerce. >> macy's will stay open through this year as the company looks for someone to buy the building at union square it's owned since 1947. >> that's a big loss. >>> details about the future of the south bay beloved waterpark. they just voted 20 minutes ago to keep the raging waters park open. the park revealed it was closing last year under the new plan the city will keep the park open until next year under new operator, california dream and entertainment. it will be open by memorial day weekend. the company is fledging $
he is sure retail crime had a lot to do with macy's decision to abandon iconic union square. he said anything can go in its place from hotels to condos, even another retail giant because it's still coveted real estate. >> union square is up there with paris and montreal as one of the finest for food, fashion and travelers. union square will always come back in some form. >> shoppers were stunned. >> it's terrible. we are visiting from the uk. it's very sad to see san francisco...
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Feb 28, 2024
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she emphasized macy's decision was not because of crime in the city. >> i talked to the folks from macy's that was not mentioned in its factors to close because it was about its entire portfolio. it's about the profitability of the changes in retail and how people are shopping, how their online businesses is definitely doing very well. and they had to make some really hard decisions. and and the real estate that this macy's is setting in is extremely valuable. >> so it may bring added that the next step is going to be a fine to use for the space that's profitable. thle tunion square. well, what was able to also speak to some shoppers and they were shocked and they were disappointed to find out. macy's is closing union square. >> really sad about that sad about. union square mean this is the heart of the city in. you know, it's one more blow locals and the way the world is starting to see is has >> well, you'll still be able to enjoy the macy's christmas tree. the puppies in the cats in the holiday windows. any other macy's tradition in union square just not forever. let's head to the east
she emphasized macy's decision was not because of crime in the city. >> i talked to the folks from macy's that was not mentioned in its factors to close because it was about its entire portfolio. it's about the profitability of the changes in retail and how people are shopping, how their online businesses is definitely doing very well. and they had to make some really hard decisions. and and the real estate that this macy's is setting in is extremely valuable. >> so it may bring...
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Feb 28, 2024
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well, now to macy's decision to close its location in san francisco. we brought you this story live here on the kron. 4 morning news. macy's announced that they're going to be shutting down 150 underperforming stores across the country by the year 2026, 50 of them are actually going to shut down by the end of this year alone. the union square location will be open for the rest of the year, but then it will close again by 2026. the company says that should give them enough time to find a buyer for that property. we spoke with mayor london breed about this fact invited her into our studio here for the kron. 4 news, 3 and she emphasized that macy's decision to leave was not made because of any concerns about crime. >> when i talked to the folks from macy's that was not mentioned in its factors to close because it was about its entire portfolio. it's about the profitability of the changes in retail and how people are shopping, how their online businesses is definitely doing very well. and they had to make some really hard decisions. and and the real estate
well, now to macy's decision to close its location in san francisco. we brought you this story live here on the kron. 4 morning news. macy's announced that they're going to be shutting down 150 underperforming stores across the country by the year 2026, 50 of them are actually going to shut down by the end of this year alone. the union square location will be open for the rest of the year, but then it will close again by 2026. the company says that should give them enough time to find a buyer...
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Feb 28, 2024
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details next on the future of macy's.his is bloomberg. ♪ tom: welcome back to "bloomberg daybreak: europe." some lines crossing in terms of a potential acquisition. swisscom in switzerland is in advanced talks to acquire vodafone's italian business after fending off competition from iliad group. the swiss telecom company hashing out the final terms of the deal. it could reach an agreement as soon as the coming weeks, according to people quoted in this story. it has been discussing an offer of around 8 billion euros for vodafone italy. it's a very competitive market in italy. the deal could still fall through, but they are making progress. the details around potentially an 8 billion euro deal that will be largely paid in cash. now to the retail environment in the u.s. and news out of the biggest retailers. macy's says it plans to close almost a third of its u.s. locations, as the department store chain tries to fight off a pair of activist firms seeking to buy the company. lowe's says sales will fall further as consumers h
details next on the future of macy's.his is bloomberg. ♪ tom: welcome back to "bloomberg daybreak: europe." some lines crossing in terms of a potential acquisition. swisscom in switzerland is in advanced talks to acquire vodafone's italian business after fending off competition from iliad group. the swiss telecom company hashing out the final terms of the deal. it could reach an agreement as soon as the coming weeks, according to people quoted in this story. it has been discussing...
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Feb 28, 2024
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la corporación macy's. lee estamos enfocando nuestros recursos en cerrar unas 150 tiendas de baja producción, incluyendo unas 50 para finales del año fiscal y continuamos al mismo tiempo expandiendo tiendas de formato pequeño. la alcaldesa confirmó que la corporación le anunció la decisión de cerrar la tienda en san francisco a significant decline in crime and . hemos visto una reducción importante del crimen en esa zona y sabemos que esa decisión no tiene nada que ver con la inseguridad y es totalmente una decisión corporativa. claro que macy's es dueña del edificio y ellos decidirán qué hacer con esa propiedad. not necessarily part of the first initial. esta tienda no está entre las primeras 50 en cerrar y se espera que continúe abierta hasta por lo menos el fin de este año. y todo dependerá del mercado y la compra venta del edificio. el futuro de este espacio comercial dependerá de los planes del nuevo comprador. bueno hasta este momento no se sabe exacta mente una fecha para cuando esta tienda cerca de
la corporación macy's. lee estamos enfocando nuestros recursos en cerrar unas 150 tiendas de baja producción, incluyendo unas 50 para finales del año fiscal y continuamos al mismo tiempo expandiendo tiendas de formato pequeño. la alcaldesa confirmó que la corporación le anunció la decisión de cerrar la tienda en san francisco a significant decline in crime and . hemos visto una reducción importante del crimen en esa zona y sabemos que esa decisión no tiene nada que ver con la...