End of the Road For Ritz, Wolf Camera Stores
Ritz Camera & Image will close virtually all of its remaining locations, after receiving permission to liquidate, Bloomberg News reported Monday.
The move means the company will close most of its remaining 137 Ritz Camera and Wolf Camera stores. The company had tried but failed to sell its business after the bankruptcy, its second in three years.
While liquidators purchased the majority of the company, C&A Marketing announced that it had purchased some assets, including the Ritz and Wolf names, with the intention of keeping 5 to 7 stores open, along with the Ritzpix business.