Its piazza, chandeliers, marble, and sumptuous ballroom made it a Sydney institution and one of Australia's foremost fashion stores.

[1] The store stretched around a whole city block and gave rise to the colloquial saying, when referring to a person of overweening confidence, "You've got more front than Mark Foy's.

[9] Other stores were opened across Sydney's suburbs at Chatswood,[10] Northbridge, Double Bay, Bankstown, Bondi Junction Plaza, Pymble, Spit Junction, Roselands Shopping Centre, and Canberra,[11] as well as in Centrepoint, on 252 George Street as well as its mid-city attempt on King Street elsewhere in Sydney's central business district.

The natural shift of the retailing hub further north of the CBD, around Pitt Street Mall, led to its closure.

[citation needed] The City Piazza building is now used as a complex of state courthouses known as the Downing Centre.

The Mark Foy's warehouse is a heritage brownstone building located on nearby Goulburn Street, which has been converted into residential apartments known as Sydney Mansions.