In line with retailers like Macy’s, Bloomingdale’s, and Century 21, Swedish furniture giant IKEA is also embracing a smaller and more streamlined approach. With 51 locations in the United States, IKEA has recently announced its ambitious plan to open 17 stores nationwide over the next...
Inspired by Macy’s, Century 21, the department store chain celebrated for its deeply discounted designer clothing, is staging a comeback following its closure in 2020. With a renewed strategy, it is embracing a more streamlined approach to retail as it strives to reclaim its prominent...
Off-price retailer Century 21 Stores announced on Thursday (Sept. 10) that it voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York. The company said it filed “customary motions” for permission to start going out of...
May 31, 2023
Merchants are embracing smaller footprints in a greater effort to cut costs and renew customer focus. Marking a significant shift in retailer strategy, major stores determined to adapt to the reality of today’s economic landscape are overhauling their brick-and-mortar approach. The move is being spearheaded by Macy’s, which is branching out from the traditional mall […]
September 10, 2020
Off-price retailer Century 21 Stores announced on Thursday (Sept. 10) that it voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York. The company said it filed “customary motions” for permission to start going out of business sales and to “uphold its commitments to customers and […]
