TikTok loves a superb thrift haul, however New Yorkers have lengthy identified the euphoric feeling of snagging a designer deal off-the-rack.
Century 21 Division Retailer, as soon as downtown Manhattan’s designer low cost Mecca, is reopening its flagship at 22 Cortland Ave. throughout from the World Commerce Middle on Might 16. The information was first reported by Crains New York.
After being in enterprise for 60 years, Century 21 filed for chapter in 2020, though the corporate made $747 million in 2019, per Gothamist. Courtroom filings point out that pandemic-related diminished foot visitors in decrease Manhattan and the e-commerce enterprise, on the whole, damage the corporate. Century 21 closed all 13 shops in Florida, New Jersey, and Pennsylvania through the restructuring.
“Since 1961, when Al and Sonny Gindi opened what was then a small retailer in Downtown Manhattan, now we have been proud to offer consumers with unmatched entry to designer manufacturers at superb costs,” Century 21 co-CEO IG Gindi mentioned on the time of the closing. “Whereas we want that Century 21 may proceed to be a must-see procuring vacation spot for therefore many, we’re happy with the pioneering position it has performed in off-price retail and the enduring model it has turn out to be.”
Experiences say the shop can be half the dimensions of the unique.
It is official: Century 21’s flagship retailer is reopening on Might sixteenth. Downtown at 22 Cortlandt St.
Nice to see a NYC icon coming again to life.https://t.co/M58pwLl5lk pic.twitter.com/B5wiLnZxHJ
— Mark D. Levine (@MarkLevineNYC) Might 1, 2023