And so the economic crisis hit America’s largest digital camera retailer: Ritz Camera. The retailer just filed for Chapter 11 thanks to lower than expected sales during the ’08 Holiday season. Thankfully for everyone involved, Chapter 11 bankruptcy is simply a reorganization which means they will probably stick around for a bit. That is if a judge approves $85 million in financing. Hopefully the retailer will make some changes — lots of ’em.
Maybe if Ritz actually stocked higher quality products at Internet competitive prices, the stores would do better. Just saying. Ritz has always been for me a last resort if I forgot to order a part offline and I cannot wait for shipping. Only once have I ever received quality service from a Ritz store.