I think the downturn only sped up the inevitable. Somewhere along the line Ritz lost focus. In my recent visits I couldn't find a feel or identity in the store, more like "here's the stuff", and "here's the price".
That is exactly how I felt about Ritz the last time I went to one. They had a bunch of odds and ends like camera bags, cleaning cloths, a few tri-pods. Nothing that would draw me to the shop for anything essential.