TikTok loves a very good 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 Heart 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, although the corporate made $747 million in 2019, per Gothamist. Court docket filings point out that pandemic-related diminished foot site 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 throughout the restructuring.
“Since 1961, when Al and Sonny Gindi opened what was then a small retailer in Downtown Manhattan, we’ve been proud to supply consumers with unmatched entry to designer manufacturers at wonderful costs,” Century 21 co-CEO IG Gindi stated on the time of the closing. “Whereas we want that Century 21 may proceed to be a must-see buying vacation spot for therefore many, we’re happy with the pioneering position it has performed in off-price retail and the long-lasting model it has develop into.”
Experiences say the shop will likely be half the scale 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
