Ritz Camera Chapter 11

On 2009-02-23 13:53:27 -0800, "Nomen Nescio" said:

Ritz Camera Centers Files for Bankruptcy Protection (Update2)

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By Dawn McCarty and Erik Larson
Feb. 23 (Bloomberg) -- Ritz Camera Centers Inc., the largest camera-store
chain in the U.S., filed for bankruptcy protection, blaming the deepening
U.S. recession and the consumer transition to digital photography.

What, they bet the company on film processing or something?

More likely they were unable to compete with Best Buy, Wal-Mart, and
Costco. Not to mention the Internet. Ritz always seemed to charge a
little more for an inferior selection and ignorant sales people. I want
ignorance, I can go anywhere. Ritz had no competitive edge, and they
could not compete on price.



--
Waddling Eagle
World Famous Flight Instructor