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Century 21

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business2 years ago•2 min saved

Century 21's flagship store reopens in Lower Manhattan.

Century 21 department store has reopened in the Financial District after closing twice in the last two decades. The flagship store at 22 Cortlandt St. offers high-end, off-price fashion and has been a staple for over 60 years. The store filed for bankruptcy and closed all 13 of its East Coast stores in 2020 due to the financial impact of the COVID-19 pandemic. The new iteration houses four floors instead of the original six but promises to continue offering value and luxury. Mayor Eric Adams joined the ribbon-cutting ceremony and called the FiDi store a tourist attraction and a difference maker in the lives of everyday New Yorkers.

via AMNY|

#business #century-21 #covid-19

business2 years ago•1 min saved

Century 21 defies online shopping trend, reopens flagship store in Lower Manhattan.

Century 21, the iconic department store known for its great sales and jam-packed racks, is reopening its flagship store in Lower Manhattan after bankruptcy and pandemic-related closures. The store will now have four floors instead of its original six. The reopening is a rarity for department stores struggling to compete with online storefronts. The family who runs Century 21 also owns the building, which is a relief given soaring rent prices citywide. The store's bankruptcy did away with 3000 jobs, including 2400 union jobs, and the union is demanding former employees get their union-protected jobs back.

via WABC-TV|

#business #century-21 #department-store