Every time we've passed a Ritz Camera over the last couple years, the same thing has crossed our mind: "Wow! They're still around, and they seem to be EVERYWHERE!" Well, that doesn't look like it's going to be the case anymore.The retailer is closing its 400 remaining stores - another 400 were already shut down after going-out-of-business sales. As part of its Chapter 11 bankruptcy, the company has until the end of the month to auction off locations.A tidbit we didn't know: Ritz also owned the 130-store chain Boater's World, which it is also in the process of shutting down.No surprises with the Ritz action, as photo developing is available in the gazillion drugstores and discount stores across the country, and digital camera technology makes it more affordable to find quality cameras almost anywhere. It's still sad that the niche couldn't hold up, though.Also, this isn't great news for landlords, either. But they saw this coming, right?
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