More on Ritz decline

[kenw]

http://www.washingtonpost.com/wp-dyn...070803261.html

[groovyone]

Originally Posted by Washington Post

Ritz Camera, the ubiquitous national photo chain that got its start as an Atlantic City portrait studio 91 years ago, said yesterday it is unable to raise the cash it needs to operate through the summer.

Bummer.

[zebulus]

Originally Posted by groovyone

Bummer.

Sweet, maybe now ill be able to find my new sony camera uber cheap!

[ronocnikral]

liquidation??!!?? i'd be uber excited for that.

[ggeen]

Probably not if one of the other companies buys the chain.

[ronocnikral]

Originally Posted by ggeen

Probably not if one of the other companies buys the chain.

it's what i would assume would happen. but i'm still hoping for a liquidation!

[crackhead]

"Liquidation prices" at Ritz would be roughly equivalent to "normal, undiscounted prices" everywhere else.

[Cajungaltx]

Originally Posted by crackhead

"liquidation Prices" At Ritz Would Be Roughly Equivalent To "normal, Undiscounted Prices" Everywhere Else.

+1

[toverman]

Not sure there's anybody who wants to absorb Ritz's problems in today's economy. Like the article says, many of the locations are in malls where rents are high and foot traffic is falling off sharply. If Ritz was relying on print sales, it's doomed. As the former employee quoted at the end of the article says, few photographers are having photos printed anymore (present company excepted).

[photonewb]

Originally Posted by toverman

Not sure there's anybody who wants to absorb Ritz's problems in today's economy. Like the article says, many of the locations are in malls where rents are high and foot traffic is falling off sharply. If Ritz was relying on print sales, it's doomed. As the former employee quoted at the end of the article says, few photographers are having photos printed anymore (present company excepted).

everyone is buying digital point and shoot cameras and emailing their photos to friends and family or putting them on facebook/myspace etc. Nobody relies on the 35mm point and shoot camera anymore.