Report Fraud About Us What We Do

Century 21 Files for Bankruptcy Consider The Consumer

Consumer News

Century 21 Files for Bankruptcy; Discounts Offered to Shoppers for a Limited Time

Century 21 Files for Bankruptcy

It is evident more than ever that COVID has greatly affected the businesses. Last Thursday, off-price retailer Century 21 filed for bankruptcy. They are now selling off their inventory, aside from the closure of its 13 stores in Florida, New Jersey, New York, and Pennsylvania.

Bouncing Back is Tough

The company decided to file for bankruptcy because the company’s insurers failed to pay policies. When in fact, these insurers should have protected the business against losses because of the business interruption during the COVID-19 pandemic.

“While insurance money helped us to rebuild after suffering the devastating impact of 9/11, we now have no viable alternative but to begin the closure of our beloved family business because our insurers, to whom we have paid significant premiums every year for protection against unforeseen circumstances like we are experiencing today, have turned their backs on us at this most critical time,” Century 21 co-CEO Raymond Gindi stated.

“While retailers across the board have suffered greatly due to COVID-19, and Century 21 is no exception, we are confident that had we received any meaningful portion of the insurance proceeds, we would have been able to save thousands of jobs and weather the storm, in hopes of another incredible recovery.”

Hurry! Bargains Are Still Available

After announcing bankruptcy, the company said that for a limited time, consumers can enjoy even deeper discounts throughout the stores and online at c21stores.com. 

Editor’s note on the Century 21 Bankruptcy:

This piece is written about the Century 21 Bankruptcy. If you have questions regarding this news, please send us a message.

Contact Us

We’d be happy to help you take a step in the right direction, fight this issue, and better enable you to join in on any potential consumer class action. If interested, please send an email to Outreach@ConsiderTheConsumer.com, find us on Twitter or Facebook, or even connect with us directly on our website! We look forward to hearing from you all.

Similarly, please check out our current list of Class Actions and Class Action Investigations, here.

Interested in articles like these? Become a subscriber below!

Interested in posts like these? Stay up to date with our newsletter!

No thoughts on “Century 21 Files for Bankruptcy; Discounts Offered to Shoppers for a Limited Time” yet. Be the first to speak your mind!

Leave a Reply