Friday, April 3, 2009

Ritz Camera

Ritz Camera will close almost 50% of its stores in a move to reorganized after a court-supervised bankruptcy. The closing will leave 400 stores in the U.S. Ritz was one of the first and finest camera chains but, as we all know, these chains are about as useful now as a dinosaur with a buggy whip. Online news sources provide most of the camera advice we need and online stores make it easy to get that latest 12-megapixel wonder. Besides, who needs some guy telling you what to buy when every point-and-shoot is basically the same now.
As part of its newfound bankrupcy status, Ritz Camera's gearing up to close more than 300 of its around 700 brick-and-mortar stores across the US, or about 43 percent of its retail presence. Starting April 4th, the affect stores will begin liquidation sales that'll go on until -- in the words of the press release -- "everything is sold to the bare walls." Forget DSLRs, if you were needing any fancy, brick-and-mortal shelving units, now might be your chance! Hit up the read link for a PDF listing all the closing stores
n case some of you missed this yesterday, Ritz Camera--and by association Wolf and Kits Camera among others--is shutting down more than 300 stores around the U.S. as part of a court-supervised bankruptcy reorganization. This of course means stock liquidation sales, which will begin Saturday, April 4. s with the Circuit City liquidation, I wouldn't expect huge discounts despite a senior VP at one of the four LLCs handling the sale saying we'll find "quality, brand-name merchandise at greatly reduced prices.

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