Century 21 has reopened in its Financial District flagship in Manhattan after nearly three years of closure. Located at 22 Cortlandt Street, the bargain fashion retailer first opened in the 1960s as a family operation run by Al and Sonny Gindi. The size of the store, once ranked among the largest retail locations in Manhattan, has been reduced from its original six-story footprint to four floors at the primary 22 Cortlandt Street building.
The Gindi family filed for bankruptcy on September 10, 2020, officially shuddering the historic flagship and its portfolio of 13 Century 21 retail locations, as well as laying off thousands of employees. On May 16, 2023, The Gindi family was joined by Mayor Eric Adams to celebrate the store’s grand reopening, along with hundreds of patrons who queued around the block. In a statement from the family, the return of the flagship includes a rehire of 150 former employees.
“Century 21 is, and always will be, a New York City brand,” said Raymond Gindi, Century 21’s co-chief executive offer, in an official statement. “Our flagship store has been a long-time symbol of this city’s resilience and unwavering spirit. In our 60-year history, we have only closed our doors twice, once after the devastation of 9/11 and then again during the COVID-19 pandemic. But like the true New Yorkers we are, we have persevered.”