Ritz camera liquidating
If there’s any silver lining to this story, it’s that the photo lab and out lab services were reportedly purchased by a different company.
This means that those services may re-emerge as new businesses under different names.
The entire lineup of camera shops was purchased yesterday by Hilco, an industrial liquidation company, which plans to shut down the stores and liquidate all the assets.
The Internet has won, and the United States’ largest camera store chain will soon go the way of the Polaroid camera.
We reported earlier tonight that the entire chain of Wolf Stores was slated to be liquidated, but it turns out the damage doesn’t end there.
Ritz Camera's last picture show comes after 94 years in operation.
The retailer filed for Chapter 11 protection on June 22, 2012, less than three years after emerging from an earlier bankruptcy under the ownership of a group led by president David Ritz, part of the retailer's founding family.