Fans of Century 21 in Bay Ridge, Brooklyn have been lining up on 86th Street hunting for some final deals as the retailer plans to shut down for good. Century 21, a fixture in the neighborhood for more than 60 years, announced plans to close all 13 of its locations after filing for bankruptcy. Signs in the window read "store closing" and "everything must go."
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The retailer is known for its designer labels at discount prices. It's location on 86th Street serves as an anchor for the business district. Two City Councilmen, in a letter to the Gindy Family, which operates Century 21, called the news of the closing "devastating" and said they were ready to do everything in their power to help the business keep its original Bay Ridge location open. The store is expected to remain open for about another month.
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Century 21 announced the closure after its insurance company refused pay an interruption claim during the COVID-19 pandemic. The company is seeking $175 million it claims it is owed to protect against business disruptions, according to the Wall Street Journal. But the decision to go out of business appears to be final.