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Mark Peters : March 7th 2009 - 23:40 CET

Ritz Camera hit by economic crisis


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RitzCameraPMA 2009 News - Ritz Camera hit due to economic crisis : A turbulent economy has caused the Ritz Camera Center having to deal with Chapter 11. In plain language, this means that Ritz camera centers has to reorganize to be able to become a healthy business again. This message still echoes on an American orientated event like the PMA. Ritz Camera Center is not a small player; however, the American visitor is all too aware of the fact that Ritz certainly won't be the last one having to reorganize. According to Ted Fox, PMA's executive Director, the average American consumer is currently in a cocoon stadium.
Ecomonic Crisis hits digital camera market

Ritz Camera in financial problems
He stays at home, does not spend too much money and has put family life high on his priority list. In other words; right now there is simply no time and money to spend it on unnecessary items.




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