Ritz Camera Going Out Of Business
The Ardmore store will be one of the stores to close.
Ritz Camera & Image LLC, the 94-year-old Washington D.C.-based camera company, will liquidate its assets and go out of business, the company announced Monday. No timetable has been announced for closure, but the Ritz Camera in Ardmore has posted signs indicating that all stock is 20 to 40 percent off.
Ritz, once one of the largest camera special supply stores in the country, has not been able to adapt in the age of digital cameras and online photo sharing.
At a Sept. 6 auction, Ritz failed to find a buyer to keep the chain's remaining stores open. Two liquidation companies—Boston-based Gordon Brothers Retail Partners LLC and Northbrook, Ill.-based Hilco Merchant Resources LLC—were the highest bidders, Bloomberg reports.
Ritz is also the parent company of The Camera Shop and Wolf Camera.
The Ardmore store, located at 149 W Lancaster Ave. in the Ardmore West Shopping Center, is open 9 a.m. to 8 p.m. Monday through Saturday, and 11 a.m. to 5 p.m. on Sundays.
Mildred Roberts
6:10 am on Saturday, September 15, 2012
Liquidators and Undertakers are the only businesses making money from this lousy economy...as we move FORWARD to 1933.
Bob Guzzardi
7:07 am on Saturday, September 15, 2012
It does seem there are more and more businesses closing in Ardmore and Lower Merion. Both Barnes and Noble and Borders are gone. And others...sad and depressing.
Neil
9:41 am on Saturday, September 15, 2012
I have enjoyed doing business with both Ritz and Borders but they are victims of the changing retail scene. There are not enough people printing pictures anymore (me included) or buying books from a bricks and sticks retailer.
Good luck to the Camera Shop in Bryn Mawr.
Josh
10:03 am on Saturday, September 15, 2012
Time always changes what is normal to the older generations, yet SO foreign to everyone else.'The wheel is turning and you cant slow it down, cant let go and cant hold on... Can't go back and can't stay still, So If the thunder don't get ya then the lightning will' - best wishes to the ritz family. A job well done when it was your turn to shine. You will be missed.
Bob Girondi
12:51 pm on Monday, September 17, 2012
A real shame from a variety of perspectives: the people at Ritz/Ardmore are great (especially Adam, the Manager), their products and services are reasonably priced, the location is great, and their store hours are very accommodating.
I've noticed Cardinal Camera is "...accepting all Ritz Camera coupons and club card offers," but if they don't get closer to the Main Line than King of Prussia, that won't matter.
I wonder what the REAL closing story is all about!
Bob/Ardmore
adam
11:35 pm on Tuesday, September 18, 2012
BOB...that means the world to me! Thank You. I
really enjoyed knowing you.
adam
11:37 pm on Tuesday, September 18, 2012
Maybe I will still be there with a different name on my paychecks