Century 21 Files for Bankruptcy and Shuts Down All Its Stores

The economic turmoil experienced as a result of the ongoing coronavirus pandemic has yet again claimed another victim, this time hitting the discount retail department store chain Century 21. The company, which currently has 1,400 employees, has declared bankruptcy and will be closing all 13 of its stores, most of which are located in New York City. While business has been rough, the company says that the final straw was being denied a $175 million USD payment under its business interruption…

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