by wildcherry on Thursday, April 9th, 2009 | Deals, Stores

I will post the list of Ritz Camera stores closing once I’m able to get it. In the meantime, feel free to check whether your local store liquidating or staying put!

Ritz Camera Centers, Inc., the nation’s largest specialty camera and image products and accessories retailer, announced today that it will close more than 300 stores nationwide as part of a court-supervised bankruptcy reorganization. The move will leave approximately 400 Ritz Camera stores still open around the country.

Among the thousands of products that will be available at reduced prices are digital cameras and accessories, digital SLR compact cameras, digital frames, binoculars, camcorders and video accessories, and other popular electronic items.

Retail inventory valued at more than $50 million will be liquidated at the stores that are being closed. Store closing sales offering substantial discounts on all inventory at those locations will begin on Saturday, April 4, and are expected to continue until everything is sold to the bare walls.

Ritz Camera’s downsizing follows efforts over the past year by a number of prominent retailers to deal with slumping sales and the drop in consumer spending brought on by the recession. Major national retailers that have liquidated completely in recent months include Circuit City, Mervyns, Steve & Barry’s, Shoe Pavilion, KB Toys and Linens ‘N Things.

Source:Business Wire

Tags: liquidation, ritz camera, ritz camera closing, ritz camera closing list, ritz liquidation