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Downtown flagship Old Navy closes State Street store

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Clothing retailer Old Navy announced Monday that it will close its State Street store. This hits the historic shopping district, which has largely held its own position since the pandemic, despite rising crime downtown and fewer employees visiting offices.

Old Navy announced that it will close its store at 150 North State Street at the close of business on Tuesday. Since November 2012, it has been operating in a prime location in the former Borders Bookstore. Old Navy is a brand owned by Gap, which will remove its flagship store from Chicago’s Water Tower Place in 2021.

“We regularly and carefully review our properties to support the best path forward for our brands and Gap Inc. The Old Navy State Street store will close on Tuesday, January 24,” a spokesperson said electronically. said in an email.

She said customers can shop elsewhere in Chicago at 150 W. Roosevelt Road. 1596 N. Kingsbury Street. and 1730 W. Fullerton Avenue. Old Her Navy, away from downtown, has six of her stores in the Chicago area. A spokeswoman declined to answer specific questions about the reason for the closure.

Michael Edwards, president and chief executive of Chicago Loop Alliance, a downtown business group, said he was disappointed with Old Navy’s exit but believed the space would attract new users. He said State Street has evolved beyond being primarily retail-focused, but has seen some new interest from retailers.

British footwear retailer JD Sports is opening at 10 S. State and Saks Off Fifth is reopening at 6 S. State after a pandemic hiatus. Stone Real Estate principal John Vance said his store will reopen in his March off-price Saks.

Regarding the Old Navy space, Vance said: re-lease. The site is across from Kitty Corner at Block 37 Mixed Use Development and Macy’s.

“The Loop retail market has certainly had its challenges, but the empty space is really good space,” said Vance, who updates the annual survey of the downtown retail market. He said he hopes the retail vacancy rate will drop slightly in 2022 from 27.44% at the end of 2021.

The Loop continues to benefit from 50,000 college students and about 45,000 residents, Edwards said. DOWNTOWN OFFICES Although his workers are at home most of the time, Edwards said there has been an uptick in tourist and convention-goer activity.

He said many restaurants have difficulty getting reservations when big conferences and trade fairs are held in town. “I feel like it’s back,” said Edwards.

Prior to moving to 150 N. State, Old Navy operated at 35 N. State. It’s a large space now occupied by Irish fashion retailer Primark.


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Written by Natalia Chi

Chicago Popular; Chicago breaking news, weather and live video. Covering local politics, health, traffic and sports for Chicago, the suburbs and northwest Indiana.

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Old Navy store on State Street is closing this week

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