Another sign of the times. I guess they could only jam so many extended warranties down peoples throats before customers went elsewhere. I’m saddened for the employees in this situation and this is going to be a big hit to Nikon as they are owed $26.6 million. Guess you know why Nikon raised their prices recently.
“In Ritz’s bankruptcy filing, made late Sunday, the company’s chief restructuring officer, Marc Weinsweig, says: “The loss of revenues and profit margins from the diminution in the photo-finishing business proved too much of a burden, coupled with the losses experienced by the Boater’s World business, for Ritz Camera to remain a profitable company under its current structure.”
