Saturday, July 16, 2011

Ritz to close three Triangle Wolf Camera stores - Triangle Business Journal:

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The three Triangle stores that are shuttinbg down operate under the Wolf Camera They are at Cary TowneCenter Durham’s The Streets at Soutpoingt mall and Raleigh’s North Hills mixed-uses center. The closings will leave Ritz Camera with eight Wolf Cameraz and two Ritz Camera locations inthe Triangle. Md.-based Ritz will have about 400 storexs left afterthe sales. Ritz was the nation’ s largest camera-store chain when it in A drop in consumer spending and slumpingb salesat Ritz's Boater’s World chain prompted the bankruptcgy filing.
A Delaware bankruptcy court judge gave Ritz permission on Marchg 19 to hire Gordon to shut downthe company'x 130-store Boater’s World chain. In 1987, Ritz launche d Boater’s World, a boating-and-fishing supply retailer with 137 storexsnow operating. Ritz doubled its Triangle presence in 2001 when it agreex to to buy Wolf Camera out of Ritz began with a single store in Atlantic Cityin 1918. Its retaio brands today includeWolf Camera, Kits Cameras, Inkley’s and The Camera Shop.

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