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.
$50 million of inventory will be liquidated, so maybe you can head over to pick up a flash or something. Sales start on April 4.