• Fashion

    Century 21 Closing: NYC’s Beloved Discount Retailer Files Bankruptcy

    Oh, man, this one stings. In a year of retail crises and closures in New York City, Century 21 — the discounter with roots in Brooklyn and a flagship store in the Financial District — is the latest to declare bankruptcy and will likely shut down all its stores, Bloomberg reports this morning. It’s in a standoff with its insurance carrier over its business-interruption payout, and, barring some kind of eleventh-hour reprieve, it’s a goner. Century 21 is one of the last of the great off-price fashion chains in New York, and we can now add its name to the pipe-rack mausoleum that houses Syms, Loehmann’s, Moe Ginsburg, Daffy’s, and…

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