Century 21, Fabled New York Bargain Destination, Is Closing

Century 21, the famous New York discount store chain, became the latest retailer felled during the pandemic, saying on Thursday that it had been forced to file for bankruptcy and would close all 13 of its locations after failing to receive money from its insurers.

The retailer said in a release that its insurance providers had not paid about $175 million due Century 21 “under policies put in place to protect against losses stemming from business interruption such as that experienced as a…

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