Ritz Camera Shuttering 300 Stores

Ritz Camera is set to become the latest retail tech chain to feel the pinch of the recession in a big way. After having recently declared bankruptcy, the company has announced that it will close 300 stores–nearly half of those currently in operation. Four-hundred locations will remain open.

Ritz will be liquidating some $50 million worth of inventory with sale beginning April 4th.

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