If you’ve visited New York, it’s likely that you’ve been to the Century 21 department store across the street from the Trade Center. Guidebooks always mentioned it. Their prices on clothing were very good. A European visitor could buy European made clothing for half the price back home. People would travel to NYC with one big empty suitcase, to be filled with dresses and sportswear from Century 21.
It is just announced that Century 21 is declaring bankruptcy, and that they will wind down all operations. They don’t see a good way forward.
Besides the large store in Manhattan, they have a huge store in Bay Ridge Brooklyn, and stores throughout the region, down to Philadelphia.
These stores were much loved, this news will hit hard. A woman in my office used to shop at the Manhattan location twice a week. She just loved roaming the aisles, buying this or that for the family.
The closed stores will be a major hit to the neighborhoods, to the surrounding stores, to the the many long term employees.
I would hope against hope that something can reverse this decision.
If you like the retail stores near you, try to support them now. The hour of need for them is now.