In case some of you missed this Thursday, Ritz--and by association Wolf and Kits among others--is shutting down more than 300 stores around the U.S. as part of a court-supervised bankruptcy reorganization. This of course means stock liquidation sales, which will begin Saturday, April 4.
As with the Circuit City liquidation, I wouldn't expect huge discounts despite a senior VP at one of the four LLCs handling the sale saying we'll find "quality, brand-name merchandise at greatly reduced prices." (I'm willing to bet his idea of "greatly reduced" and mine don't jibe.)
Though it's sad to see more stores shutting down, at least Ritz isn't going away entirely. The company as of right now plans to keep more than 400 stores open.
Click here to see the full announcement and view a PDF of all the stores shutting down.