A Popular NYC Discount Clothing Store Reportedly Wants To Set Up Shop In Canada

Look out Canada!
A Popular NYC Discount Clothing Store Reportedly Wants To Set Up Shop In Canada
Century 21 Stores | Facebook Anthony Riera | Unsplash
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Get ready for a new kid on the block. Century 21, a popular and affordable retail chain in the U.S. is eyeing the Canadian market and has plans to set up shop in the north and worldwide. 

The New York City-based store wants to expand in many other countries after experiencing a bankruptcy that led to the company shutting down all its stores in the U.S. last summer, according to Retail Insider.

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Century 21 is targeting Canada, China, Hong Kong, Europe, Australia, and South America for stores in the coming years. Retail Insider

The chain was founded in New York City in 1961 and later opened more locations in the country.

Century 21 has been described by the New York Post as being a store for price-conscious fashionistas and bargain hunters alike.

Per Retail Insider, they failed to recover disaster insurance in the summer of 2020 and filed for bankruptcy and shut the remainder of their stores in December of last year.

Apparently, the founding family, along with a "silent partner," purchased the intellectual property rights for Century 21 back in November 2020 for US$9 million in hopes of getting the company back on its feet.

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  • Osobe Waberi
    Osobe Waberi was a Toronto-based Ethiopian-Somali Francophone writer at Narcity Canada. She graduated from the University of Toronto with a specialist degree in journalism and a news media diploma from Centennial College. Before Osobe’s gig as a national trending writer at Narcity, she worked at Toronto Star, The Canadian Press, VICE, and CBC.

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