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Friday April 3, 2009
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Ritz Camera is set to become the latest retail tech chain to feel the pinch of the recession in a big way. After having recently declared bankruptcy, the company has announced that it will close 300 stores--nearly half of those currently in operation. Four-hundred locations will remain open.
Ritz will be liquidating some $50 million worth of inventory with sale beginning April 4th.
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April 3, 2009 4:22 PM
That's so unfortunate :( Ritz was one of the few places left that you could go for camera advice AND REPAIRS.
I suppose even the digital camera market is at the point now where people don't bother to repair anymore, it's just more cost-effective and convenient to replace.