On the eve of the imaging industry's biggest trade show, PMA, one of its leading acts has fallen ill. Ritz Camera, the largest camera store chain in the country, has declared bankruptcy. The chain filed for Chapter 11 protection in Wilmington, Delaware over this past weekend.
Other than to infer the show must go on, PMA had no comment on the news aside from wishing the chain their best, but the news has certainly cast a bit of a pall over the show, set to open its doors in less than a week.
“Well, retailers seemed to stay away from CES in droves and it was difficult getting past conversations about the economy that entire week,” began New York-based e-commerce analyst Lauren Sosik. “I would imagine this news about Ritz, coming just days before PMA will loom large all week.”