New York Metropolis’s Century 21 Is Again! – Jewish Enterprise Information

New York Metropolis’s Century 21 Is Again!

The enduring low cost clothes chain will return.

New York’s Legendary Century 21, the clothes retailer chain first began in Brooklyn by a Syrian Jewish immigrant named Samuel “Sonny” Gindi. Gindi based the primary Century 21 retailer in Bay Ridge, Brooklyn in 1961.

Sonny Gindi’s private story is worthy of its personal biopic. It’s nothing wanting a Horatio Alger rags to riches story, a real story of the conclusion of the American dream.

Born in 1924, His father died when Gindi was simply 9 years previous. Gindio opened his first retail retailer when he was simply 14 years previous. His Lolly Togs kids’s put on enterprise, which opened in 1959, was the primary American enterprise to import merchandise from Hong Kong. Collectively together with his cousin Al Gindi he opened the Century 21 division retailer on Courtland Avenue in Manhattan.

Gindi died in 2012. After his demise Century 21 expanded outdoors of the New York Metropolitan space. His son Raymond Gindi remains to be the corporate’s CEO. The shop turned well-known for its choices of low cost clothes and surviving the 9/11 assaults on New York. Its major location was located in New York’s Monetary District proper by the World Commerce Heart.

At its peak the model had 13 areas unfold out over the Northeastern U.S. It had deliberate to open an enormous location within the new American Dream super-sized indoor mall situated subsequent to the Meadowlands sports activities advanced in New Jersey the place the NFL’s Jets and Giants each play.

However that each one got here to an finish final September when the chain was unable to outlive the Coronavirus pandemic. Due to the Covid-19 disaster the State of New Jersey ordered malls closed. So American Dream by no means opened and sits empty, ready for the chance to lastly have its grand opening. Century 21 was unable to make good on $175 million owed to its insurance coverage suppliers and was compelled to hunt chapter protections.

Century 21 co-CEO Raymond Gindi defined the choice in assertion blaming the insurance coverage firms saying that the retailer had “no viable different however to start the closure of our beloved household enterprise as a result of our insurers, to whom now we have paid vital premiums yearly for cover towards unexpected circumstances like we’re experiencing right now, have turned their backs on us at this most important time.”

On the time the New York Occasions described Century 21 like this:
“….sprawled throughout six buildings, its repute as a buying mecca is sort of legendary, inspiring folks tales of staggering designer offers and chaos within the communal becoming rooms. At present these becoming rooms have doorways, and the crowds have dwindled as extra branches opened and the web launched a brand new form of cut price looking. However that aura of finances bedlam by no means totally lifted.”

Properly followers of the clothes retailer chain are actually rejoicing. The opposite day the corporate launched a press release declaring its intent to reopen after the Gindi household purchased again the rights to its model title. “By no means depend out a New Yorker. In response to the outpouring of affection from the Large Apple and the admiration of their loyal buyers from world wide, Century 21 Shops introduced they are going to formally relaunch the beloved establishment in 2021,” stated the assertion.

Century 21 has not but finalized the entire particulars for its return, together with the place its branches might be situated or precisely when the return might be. However the firm did promise that by the tip of this yr it’ll, “deliver buying pleasure to Century 21’s trustworthy native clients whereas introducing that exact same pleasure to new followers throughout the globe.”

Learn extra about: Century 21, Sonny Gindi

New York City’s Century 21 Is Back!