TikTok is well liked ParsimonyBut New Yorkers have long known the exhilarating feeling of snagging an off-the-rack designer deal.
Century 21 Department Store, once Manhattan’s designer discount mecca, opened on May 16 at 22 Cortland Ave., across from the World Trade Center. is reopening its flagship at This news was reported for the first time. via Crain’s New York.
After 60 years in business, Century 21 filed for bankruptcy in 2020, even though the company earned $747 million in 2019. Per Gothamist. Court filings indicate that foot traffic in lower Manhattan is down due to the pandemic and that e-commerce businesses in general are hurting the company. Century 21 closed all 13 stores in Florida, New Jersey and Pennsylvania during the restructuring.
“Since 1961, when Al and Sonny Gindy opened what was then a small store in downtown Manhattan, we’ve been proud to provide shoppers with unparalleled access to designer brands at great prices,” said Century 21 Co-CEO IG Gindy. Close “While we want Century 21 to remain a must-see shopping destination for many, we are proud of the pioneering role it has played in off-price retail and the iconic brand it has become.”
Reports say the store will be half the size of the original.
It’s official: Century 21’s flagship store is reopening on May 16th. Downtown at 22 Cortlandt St.
It’s great to see a NYC icon come back to life.https://t.co/M58pwLl5lk pic.twitter.com/B5wiLnZxHJ
— Mark D. Levine (@MarkLevineNYC) May 1, 2023
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