Ritz Camera Centers, Inc. · Beltsville, MD United States
Company Description
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This link will open in a new window Ritz Camera Centers began as a one-man portrait studio in 1918 and grew to become the largest photographic chain in the US with some 800 stores in 40-plus states. Today Ritz's 375 stores offer one-hour photofinishing, cameras, film, and photographic and optical products and services. Stores operate under names such as Ritz Camera, Wolf Camera, Kits Camera, Inkley's, and The Camera Shop; the company also sells online. Stung by declining sales in its photofinishing business (due to the shift to digital cameras) and rising oil prices, which hurt sales at its Boaters World subisidiary, the company filed for Chapter 11 bankruptcy protection in February 2009. To read the full description, subscribe now.
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Key Ritz Camera Centers, Inc. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $1,180.0 |
| 2007 Employees | 10,150 |
Ritz Camera Centers, Inc. Executives
4 executives listed for Ritz Camera Centers, Inc.'s Beltsville, MD location.
| Title | Name & Bio | Contact |
| CEO | David Ritz | Network |
| CFO | Tom Herman | Network |
| EVP | Richard Tranchida | Network |
Competition
Competitive Landscape for Ritz Camera Centers, Inc.
Demand depends on consumer income. Profitability of individual companies is linked to marketing, and, for photofinishers, efficiency of operations. Large companies can have economies of scale in purchasing and operations. Small companies can compete successfully by offering superior service. The industry is fairly labor-intensive: annual revenue per employee is about $100,000. Major competitors are big-box retailers, like Wal-Mart and Target, and electronic superstores, such as Best Buy. Photo kiosks and mini-labs are also found in many major drugstore chains. Digital photography has had a major impact on the industry. To read the full description, subscribe now.Top Ritz Camera Centers, Inc. Competitors
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