Today, after many years of restructuring, the 94 year old chain was sold to two liquidation companies after failing to find a buyer to continue to operate its remaining 137 stores (Ritz/Wolf) :
The Ritz (and Boater's World) headquarters are about a half mile from my office.
I went in there a couple of times. My impression was "If this is their flagship and headquarters, I'd hate to see the little stores."
They went bankrupt 10-15 years ago, and closed most of their stores around the country. I think they kept maybe half a dozen.
Leigh - Is this all over your local news? Are there many staff from the corp hq affected?
I will be sorry to see my local Wolf go.
It's been mentioned locally, but there's no big deal about it.
I don't know how many staff are affected. After their previous bankruptcy, there were very few cars in the parking lot on weekdays.
Penn Camera went belly up in January, so Ritz is the second local one to go.
Penn went belly up. They closed six(?) stores, and sold the main downtown location, Rockville, and Tysons to Calumet.
They have themselves to blame, expanding ridiculously into the Baltimore area, buying Baker(?) camera and opening one in Reisterstown.
Too bad... they were good for quite a while.
Yeah. I was a regular Penn customer since 1967. I was sad to see them go. Haven't been in the Calumet stores.