Monday, February 23, 2009

Ritz Camera files for Chapter 11

Yup, Ritz Camera filed for Chapter 11.

What killed them? Their photo-finishing business or the lack thereof.

And did you know that they also owned Boaters World?

From the press release
"The loss of revenues and profit margins from the diminution in the photo-finishing business proved too much of a burden, coupled with the losses experienced by the Boater's World business in 2008."

Read more here.

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