Even though we ARE Nikon lovers,we are NOT affiliated with Nikon Corp. in any way.


Sign up Login
Home Forums Articles Galleries Recent Photos Contest Help Search News Workshops Join us About us Contact us Contests Vouchers Wiki Apps Newsletter THE NIKONIAN™ For the press Fundraising Search

« Nikonians News Flash #109 |Main| Nikon launches weekly tips and info online video series »

February 24, 2009

Ritz Camera file for Chapter 11

In another sign of tough economic times, Ritz Camera, one of the largest photographic specialty retailers in the U.S., has filed for Chapter 11 bankruptcy. While citing requirements by lenders to boost reserve cash as the pirmary motivation, the store chain also suffered from losses through it's 100+ chain marine supply store Boater's World. Not surprisingly, listed among the largest unsecured creditors of Ritz are Nikon with USD26 million in claims, with Canon a close second at USD13 million. (via Reuters)

Posted by covey22 at February 24, 2009 2:26 PM