Century 21’s Larry Mentzer on reopening a legacy NYC off-price retailer

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Century 21 was an iconic New York off-price store that is now trying to return to its former glory.

After filing for bankruptcy and shutting down all 13 of its locations, Century 21 reopened its lower Manhattan locations.

“We are, in fact, an iconic legacy piece of New York, and we’re happy to be back,” Larry Mentzer, the retailer’s chief operating officer, said on the Modern Retail Podcast. Mentzer spoke about the strategy with the reopening as well as plans for the future.

The retail landscape has been transformed over the last four years — and Century 21 has had to reckon with those changes.