Ritz Camera moved a few months ago from one side of Broadway between 88th and 89th Streets to the other to accommodate a soon-to-open TD Bank. TD was even nice enough to pay for their move.
But even that act of kindness couldn’t forestall obsolescence. The new store has been open for just a few months, and now it’s closing again, and this time it’s for good.
Ritz Camera & Image, a 94-year old company that was once the largest retailer of cameras in the country, declared bankruptcy for the second time and sold the company to liquidators at auction after no one else was willing to buy the business, Bloomberg reported.
The store will likely stay open until the end of October, an employee told us. There’s a liquidation sale going on, but as we’ve warned in the past liquidation sales aren’t always a deal.
For other recent Upper West Side openings and closings, click here.
Thanks to Ken Lupano, Amy and Emily for the tips.
Sad. I liked having them so close. Very easy to do proofing or quick promotional pieces on short notice.
you would never no they are at their present location with the scaffolding on building that seems to be there forever
You’re right, Bill- that scaffolding was the last nail in their coffin. Another useful Broadway business bites the dust.
This has nothing to do with a scaffold. This was a bankruptcy of a national chain and the second time in recent years. They held an auction and the only people that came were the liquidators.
Have any of the other posters heard or seen “DIGITAL CAMERAS”?
I’m sorry to see Ritz close. I’ve been consistently impressed by their knowledgeable and friendly staff.
Let’s take a poll about what will open in Ritz’s place. It’s actually a puzzler — there’s already a Starbucks across the street, already a (huge) Duane Reade a block away, and already a bank on every nearby corner.
There’s only one other scourge proliferating in our neighborhood.
Can YOU spell “s e v e n e l e v e n” ???