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April 3, 2009 7:55 AM PDT

Ritz Camera store liquidations start Saturday

by Joshua Goldman
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In case some of you missed this Thursday, Ritz Camera--and by association Wolf and Kits Camera 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.

Josh Goldman is a senior editor for CNET Reviews, covering digital cameras, camcorders, and related bits and pieces, along with writing the occasional laptop or software review. He doesn't have a podcast, newsletter, or CNET TV show, but you can follow him on Twitter if that's something you do. E-mail Josh.
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by markb1967 April 3, 2009 7:31 AM PDT
Unless the prices are equal to or less than what you find at Amazon, it's not a liquidation.
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by aaronlancet April 3, 2009 12:06 PM PDT
This was my guide for the Circuit City liquidation. I went in, saw something I liked, then used my iPhone to get a price off of Amazon. If Amazon was cheaper, I didn't buy. I feel bad for the suckers who pay the "reduced" prices without doing research.
by ronzorelli April 3, 2009 7:46 AM PDT
Their prices have never been very competitive to begin with, so "greatly reduced" to them means "about average" to most of us.
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by tsinger254 April 3, 2009 12:01 PM PDT
Yes, their prices were never the cheapest, but at least every time I went there to buy something, the salesperson knew what he was talking about. It's the price to be paid for knowledge and experience, which you cannot get on-line, nor in most big-box stores. And, for the occasional after-sales question/problem, I always received good service. You cannot get in-person Q&A online, nor any Q&A at most big-box retailers.
by tcr071 April 3, 2009 1:57 PM PDT
"Our prices are greatly reduced from their MSRP + 5%. After the discounts you'll get to pay just a tad less than you did before the "liquidation" but you'll feel great doing it!"
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by ikramerica--2008 April 3, 2009 11:58 PM PDT
Ritz/Wolf was always over priced, and they expanded to much in an environment that favors web sales.
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by Jonathan Rothman April 4, 2009 7:47 AM PDT
Invariably, these "liquidation/going out of business" sales are NOT the deal they appear to be! Too often, shoppers get caught up in the excitement and frenzy of the moment and fail to realize that what appears to be a good price is anything but! Also, don't forget that this stuff is sold usually "as is" and if it does carry a warranty, think of what one would have to go through if the merchant is no longer in business....!! The only thing I've ever purchased from Ritz/Wolf was their 35mm film (Cristal), which was excellent and actually made by the German company Agfa. I attempted to make an online purchase from them once and after what I went through with the order process, promptly canceled the order -- I bet a lot of other prospective buyers did the same... If you do go to their liquidation sale, I advise you to take a copy of "Popular Photography" magazine with you and other printed ads, such as "J&R" and check those prices before you buy at Ritz! Then too, if it's a specific item you want, check prices online with Amazon before you even enter the store!!
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by sherlocko April 4, 2009 11:23 AM PDT
The things to look for are their 'fixtures'. This usually means any item that was uesd to run the day to day operations of the store. I was able to but an LCD monitor for $50 at Circuit City a tilt LCD mount for $10 and the best deal was their 3M Toner Dust Vac for $50.

You are not going to save on equipment that has been sold to a liquidater to then sell off.

Like the previous post read " I went in, saw something I liked, then used my iPhone to get a price off of Amazon" and then figure out if you are getting a good deal. For a scant 3 months I sold cars rught out of college and will never forget this "How do you know you are getting a good deal, because you leave and you feel you got good deal". This happens all the time on eBay. People pay retail if not more on items because the think they are getting a good deal.
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by moosers April 4, 2009 3:00 PM PDT
Well, talk about a liquidations sale that wasn't....

I ventured up to the store closing at the Paradise Valley Mall in Phoenix. Walked into the store to see the sign saying they were closing the store and moving the inventory and all the photos they had processed that hadn't been picked up to another location.

I queried the manager who said she didn't know anything about the liquidation sale and they were simply moving everything to a store that wasn't closing. No discounts. No specials. Nothing.

She did offer me 10% off of the frames. Nice gesture until I saw the "10% off all frames" flyer taped to the shelves holding the frames.
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by moosers April 4, 2009 3:19 PM PDT
Just a follow up. Consumerist.com is confirming the liquidator is the same liquidator that handled Circuit City's liquidation. In other words... no deals here. Nothing to see. Move along.

http://consumerist.com/5198039/no-deals-notorious-cabal-to-oversee-ritz-camera-liquidations
by siiiiick April 4, 2009 11:30 PM PDT
I went to the same one, except the manager told me the liquidators hadn't come yet and was unsure when they would come...
by rpvitiello April 4, 2009 11:40 PM PDT
Well I still don't get why people are so shocked about the liquidations. When it gets to that point the companies are desperate for every dime they can get, of coarse they are going to do what makes them the most money, be it liquidate the merchandise with a pro liquidation company, or just move it to another store that is not closing. They do have hope of staying in business and eventually MAKING money. If you don't want to see a display before you buy go ahead and buy from amazon, of coarse they are cheaper. They have less staff, less space to maintain, and no display models. Everyone who "looks in stores, buys online" are loosing the showroom, because they showroom costs money. I am finding is harder and harder to actually find certain items in stores anymore. The local Ritz Cameras closed down a wile ago, then the local mom and pop stores went away, and then Circuit City (who had the best camera department) went under. You are now limited to best buy or Walmarts selection of cameras which is quite limited compared to what you used to be able to see. There are many products that i CAN'T look at before i buy anymore because no one locally carry's it!

So i guess everyone on here can keep complaining that they are not getting something for LESS than the cost of the company to sell it to you and that a web only store is "cheaper" when the reality is after these stores are gone your ONLY option is buy products blind with no display from your "cheaper" web store.

Oh and if this keeps up you can be dam sure the "tax free" status on online goods will go away as states will RALLY to charge sales tax online. NY state is already going after Amazon to collect sales tax even though they are no based in NY just because they do substantial distribution here. Also states are pacing together to standardize and simplify there regulations. That and that many states also force you to pay a use tax. NY for example just assumes you buy stuff online and tacks a fee onto your income tax return for "use tax" to make up for the sales tax you should have paid on online purchases. If you think its too high you can itemize EVERYTHING you bought online, or just pay the fee.

So in the end we wind up with less local choices, lose the ability to get anything the same day you pay for it (so allot of good amazon dose for you when your camcorder or camera JUST died and your daughters wedding, sons graduation, or once in a lifetime trip to some exotic remote country is in 1 hour) and lose the ability to "test drive" products before you buy, instead you are FORCED to rely on online reviews, and assume those reviewers opinion of products are the same as yours, down to the shape and size of your hands, and you both have the same dominant hand etc...
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by gonar_acosta April 7, 2009 8:44 PM PDT
Every comment about buying cheaper online is a reason this business struggled last year and will continue to. An intelligent buyer who uses online resources and their phones to find cheap prices should not take up time for an associate, who is working on measly commission, to answer question after question only to see potential $15 extra bucks walk out to buy online. Employees at Ritz, most not all, have real interest in image technology, fashion photography, art, and so much more than a cheap price. Most do not 'upsell' rather tell you what is not included in the box. Ritz' damage protection covers customers abuse to their product as well. So long, farewell, thanks for cross processing my film and high res scanning cheaper than anywhere else.
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