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Department Store Century 21 Files Bankruptcy, Will Shut Down

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Anonymous
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Department Store Century 21 Files Bankruptcy, Will Shut Down

Comenity loses another store:

 

Century 21 Stores, an iconic New York off-price department store chain, filed for bankruptcy with plans to shut down, becoming the latest victim of the retail industry carnage that’s accelerated during the pandemic.

The retailer will hold going out of business sales at its 13 stores in New York, New Jersey, Pennsylvania and Florida, according to a company statement. The company listed assets and liabilities of as much as $500 million each in its bankruptcy petition filed Thursday.

 

 

https://www.bloomberg.com/news/articles/2020-09-10/department-store-century-21-files-for-bankruptcy-...

 

 

Message 1 of 3
2 REPLIES 2
M_Smart007
Legendary Contributor

Re: Department Store Century 21 Files Bankruptcy, Will Shut Down

Another one, man they are dropping like fly'sSmiley Indifferent

Sad to see all the People losing jobsSmiley Sad

Message 2 of 3
SouthJamaica
Mega Contributor

Re: Department Store Century 21 Files Bankruptcy, Will Shut Down

What's the point in buying business interruption insurance if the insurers won't pay when the time comes? 


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 3 of 3
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