DealDigs Official Blog

Ritz Camera Centers Inc., the largest camera-store chain in the U.S., filed for bankruptcy protection, blaming the deepening U.S. recession and the consumer transition to digital photography.

The 91-year-old company, which had sales of almost $1 billion in 2008, has both assets and debt of less than $500 million, according to Chapter 11 papers filed yesterday in U.S. Bankruptcy Court in Wilmington, Delaware. Ritz sought court permission to tap a new $85 million loan from existing secured lenders.

If you have placed any orders with Ritz Camera through DealDigs and earned some cash back, DealDigs will still honor your cash back at our cost even if we do not get our commission from Ritz Camera.