After filing for bankruptcy in 2020, Century 21 to reopen New York flagship store

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STATEN ISLAND, NY — Discount shoppers rejoice: One of the Big Apple’s most popular retailers for designer discount items is returning to town next spring.

After closing all of its stores — and abandoning pre-pandemic plans to open in the Staten Island Mall in New Springville — department store Century 21 has announced it will reopen its Manhattan flagship store after filing for bankruptcy in 2020.

The 60-plus-year-old popular designer retailer – where you can get everything from Gucci handbags to Prada shoes at dramatically reduced prices – has been one of the big victims of the coronavirus (COVID-19) pandemic.

First reported in Daily Women’s Clothingthe flagship store will return to its original location on Cortlandt Street across from the World Trade Center in midtown Manhattan, just a 10-minute walk from the Staten Island Ferry.

“Century 21 is, and always will be, a New York brand,” said Raymond Gindi, co-CEO of Century 21, in a statement to Footwear News. “Our flagship store has long been a symbol of this city’s resilience and unwavering spirit. In our 60-year history, we’ve only closed our doors twice, once after the devastation of 9/11 and then again during the COVID-19 pandemic. But like the true New Yorkers that we are, we persevered. We couldn’t be more excited to bring Century 21 home, bringing the same products and value to customers, in partnership with Legends.

At the time of the 2020 bankruptcy filing, Century 21 executives said the decision to close its 13 stores followed failure by the company’s insurers to pay about $175 million owed under policies put in place. in place to protect against losses resulting from business interruption, such as those incurred. direct consequence of the pandemic.

FORMER LOCATION OF STATEN ISLAND

The Staten Islanders previously had a sample of Century 21 stores.

A “pop-up” Century 21 EDITION store opened in 2018, offering a wide selection of women’s accessories – primarily high-end designer handbags. The retailer had partnered with LXRandCo to offer shoppers an assortment of vintage designer bags, accessories, jewelry and watches from top brands including Gucci, Louis Vuitton and Hermès.

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