Century 21
The well-known department store, Century 21 has been in existence for around 60 years. Throughout these years, it only had 13 locations across the USA. And even though it’s been extremely popular, unfortunately, the off-price fashion retailer seems to be going out of business pretty soon. Sadly, Century 21 filed for bankruptcy in 2020, which meant that shut all of these stores. In a statement, co-CEO Raymond Gindi blames the chain’s demise on insurance companies, which he claims “have turned their backs on us at this most critical time,” referring to the global pandemic.
Century 21
Bloomingdale’s
The luxury department store chain, Bloomingdale’s has a long, successful history that dates back to 1861. However, it has surfaced that they have been forced to many of their stores across the country, The reasoning is not exactly clear but it seems the global pandemic has played a big part. Bloomingdale’s released a statement explaining that dozens of their stores would permanently close by the end of 2021. Later, it was announced that part of this process was due to the fact that the compnay had a 3-year plan to improve its productivity.
Bloomingdale’s
