The tough times just keep getting tougher: leading camera and photography retailer Ritz Camera has announced it is closing more than 300 stores as part of its ongoing bankruptcy reorganization. Although the move will still leave more than 400 retail locations open around the United States, the chain is downsizing substantially: at one point, the company has more than 800 retail locations, following its acquisitions of Wolf Cameras and Kits Cameras, along with other companies. Ritz Cameras filed for bankruptcy protection back in February, and the shutdown of almost half of its retail locations is a move to cut costs and try to get the company back into the black.
