Ritz Camera Saturday began liquidations of 300 of its U.S. stores, leaving about 400 stores remaining. The sales are meant to sell off product amounting to around $50 million.
“Long-time Ritz Camera customers as well as those with any interest in cameras, photography and video-related products will find a tremendous selection of quality, brand-name merchandise at greatly reduced prices," Great American Group's Daniel Platt said as part of the announcement. "Shoppers looking for distinctive and unique gifts will find these sales particularly appealing, as well.”
The liquidation is being carried out jointly by Great American Group, LLC, SB Capital Group, LLC, Tiger Capital Group, LLC, and Hudson Capital Partners, LLC.