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Off-price Retailer Century 21 To Shut Down Its 13 Stores Due To COVID-19 -- MarketWatch

Off-price Retailer Century 21 To Shut Down Its 13 Stores Due To COVID-19 -- MarketWatch

由於 COVID-19,折價零售商世紀 21 將關閉其 13 家商店-市場觀察
Dow Jones Newswires ·  2020/09/10 20:15

DJ Off-price Retailer Century 21 To Shut Down Its 13 Stores Due To COVID-19 -- MarketWatch

DJ 折價零售商世紀 21 因 COVID-19 關閉其 13 家門店-市場觀察

Century 21, the off-price retailer with 13 stores in New York, New Jersey, Pennsylvania and Florida, will shut down operations due to the impact of COVID-19. The company failed to pay its insurance policies that protect against business interruption. The payments totaled about $175 million. "While insurance money helped us to rebuild after suffering the devastating impact of 9/11, we now have no viable alternative but to begin the closure of our beloved family business because our insurers, to whom we have paid significant premiums every year for protection against unforeseen circumstances like we are experiencing today, have turned their backs on us at this most critical time," said Century 21 co-Chief Executive Raymond Gindi in a statement. Century 21 has been in business for 60 years. Going out of business sales will take place at store locations and online. The SPDR S&P Retail ETF (XRT) has gained 11% for the year to date while the S&P 500 index is up 5.2% for the period.

Century 21 是一家在紐約,新澤西州,賓夕法尼亞州和佛羅里達州設有 13 家門店的折價零售商,將因 COVID-19 的影響而關閉運營。該公司未能支付其保險政策,以防止業務中斷。該筆款項總額約為 1.75 億元。Century 21 執行長 Raymond Gindi 共同聲明中表示:「雖然保險金在遭受 9/11 的毀滅性影響後幫助我們重建,但我們現在別無可行的選擇,而是開始關閉我們心愛的家族企業,因為我們每年為保險公司支付了大量保費,以防止我們今天遇到的不可預見的情況。21 世紀已經營業了 60 年。走出業務銷售將在商店位置和在線進行。截至目前為止,SPDR 標普零售 ETF(XRT)上漲了 11%,而標普 500 指數在期內上漲了 5.2%。

-Tonya Garcia

-托尼亞·加西亞

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(END) Dow Jones Newswires

(完) 道瓊斯通訊社

September 10, 2020 08:15 ET (12:15 GMT)

二零二零年九月十日上午 08 時 15 分

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