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Ritz Camera out of bankruptcy

Posted by Teresa Hanafin  December 7, 2009 02:09 PM

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Back in February, I posted an item about the bankruptcy of Ritz Camera. But now it looks like Ritz is making a comeback.

Several months after the bankruptcy filing, a group called RCI Acquisition (led by former Ritz CEO David Ritz) bought the camera and consumer electronics chain for $33.1 million and announced its intention to keep open as many stores as possible. It currently has more than 300 stores in 36 states; at its height, the chain had close to 900 locations under various names.

Locally, the company has re-opened its store in the South Shore Plaza in Braintree in a partnership with Wolf Camera & Image (a Ritz-owned company) and Verizon Wireless. It's one of the first Ritz store openings in more than a year.

The Braintree location has interactive hot spots for customers to test products and a photo bar where visitors can transfer, transform and print their digital photos. The store also offers Verizon Wireless services and products. It carries cameras, camcorders, LCD TVs, Blu-ray DVD players, MP3 players, Verizon Wireless camera phones, GPS systems, photo books, photo DVDs, and more.

Ritz & Wolf Camera & Image
South Shore Plaza
250 Granite St., Braintree.
10 a.m. to 9 p.m. Monday-Friday
10 a.m. to 10 p.m. Saturday
11 a.m. to 7 p.m. Sunday

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