Channel Web / Shutter Closing on Ritz Camera
April 3, 2009
Ritz Camera Centers will close more than 300 stores nationwide leaving 400 Ritz Camera locations operating nationwide. Ritz's liquidation will be conducted by a joint venture comprising Great American Group, SB Capital Group, Tiger Capital Group and Hudson Capital Partners. The Ritz bankruptcy and subsequent store closings follow a recent trend in retail, where a host of national chains are forced to close their doors due to slumping.
Berns Communications Group, LLC
475 Park Avenue South, 29th Floor
New York NY 10016