Century 21’s Bankruptcy Shows the Limits of Off-Price, New York-Exclusive Categories
The famed retailer is following in the steps of Barneys, Dean & DeLuca and Stage Stores
Key Insights:
- The inability of Century 21 to get its insurers to compensate for the loss of business was a key factor.
- Competition in off-price is fierce as department stores embrace the strategy and brands look to liquidate excess inventory.
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