Correction
Canon not selling to Ritz isn’t part of the bankruptcy proceedings. The issue is Ritz got to write-off a ton of debt to Canon.
Canon & Ritz couldn’t work out a new deal before the Christmas season.
Thanks for the clarification Eric
Not until 2010 at the earliest
Canon will not be selling them any new stock for the Christmas season to Ritz Camera. Canon will sell to the retail chain during Q1 2010 at the earliest.
Ritz will be sending existing Canon stock to the “Ultra Store” locations. Apparently they’re for the higher end gear.
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The only things I’ve bought at a Ritz or Wolf store in the last several years are a Tamrac backpack and a lens blower. Their camera prices are ridiculous and their lens selection is heavily weighted towards cheap crap for Joe Consumer who doesn’t know the difference. They could go completely out of business and it wouldn’t matter to me at all, even though there’s a Ritz store at the mall just a few blocks from my house.
Agreed. The store in my area is the exact same. Horrible selection with even less in stock, outrageous prices and mediocre customer support. I drive 30 miles to go to a real camera store while there’s a Ritz just up the street. I don’t want any camera stores to go out of business, but this store seems completely ignorant to the digital market.
Hello Sir, I work for Wolf camera and I do care if we go out of business along with a bunch of other people. I don’t work for an ultra store and I sell nice lenses all of the time. I sold an order for 6 nikkor 80-400vr lenses last week. I sell primes for nikon and canon all of the time and 70-300vr and 18-200vr lenses every week. We teach our customers every week how to use to their equipment in our classes we offer and we teach them during regular business hours also. mediocre customer support?? We do more for out customers than any other place I have shopped. We are all photographers in my store and we tell people how its, give them good advice, and tell them what they need to buy. If we are higher than someone else s price I will gladly give my commission up and match price with anyone locally.
Since you have an insider’s perspective, can you enlighten us on why your company is going out of business?
Just check wolf website. Canon 5D Mark II with EF 24-105mm f/4L IS lens. 3756.49. Canon list price 3499.
Sounds like the USA version of Jessops and it sounds like they are both going the same way.
To Justin, maybe your store is fighting the tide and still offering good service to your customers, IM sure some UK Jessops stores still do but with both companies looking to rip their customers off there is only so much you can do im afraid. Good luck.
Justin:
Just because YOUR store is decent make it any less true that other stores are awful. Because Ritz is a chain, all it takes is one bad experience for someone to write off going to the company ever again.
Those aren’t very good lenses… Then again I have L fever.
I would have to agree. I have a Wolf close to my house. They have a very limited selection of bodies and lenses. They only display a 50D along with a 30D. The last two times I went in there was nobody there to work the counter. Just one person working the register that knew next to nothing about cameras.
I was offered a job from Ritz a few years back and they wanted to pay only half the wage other camera stores were paying ($7) but I could get bonus’s if I sold Extended Warranties. That also being that they knew I had a college degree and needed minimal training. I politely had to turn down their offer. That branch has since closed in my area and the closed one to me is sacramento.
I’ve been into a few Jessops stores all over the UK and have to still walk into one and find a storeperson that has a clue. It’s like walking into PC World and asking them about computers!! No wonder that companies that are supposed to specialise on the things they are selling but have clueless staff go out of business.
It’s their own fault…
O2 (mobile phones) used to train their staff at least once a month on new products.
Great customer service cannot compensate for the grossly overpriced equipment @ Wolf/Ritz. Your 70-200 f/4 lens is $100 more than everyone else, and I’m talking about the online price! I find Wolf staff to be friendly but not exactly knowledgeable of products.
Yeah, me too. I like some of Canon’s non-L primes, but Wolf/Ritz stores don’t keep those in stock in my experience. Just non-L zooms, mostly EF-S.
Ritz bought the local Cameras West stores in the Northwest USA and turned them to selling lots of Quantaray stuff where they have a high margin. This did not sit well with experienced photographers and they just kept away, which left them in competition with the likes of Best Buy and Circuit city. Eventually, they were reduced to printing photos, which put them in competition with costco and Walmart. The surge of internet buying sealed the fate of the small local stores with high overhead and junk on their shelves.
I live in a very rural area and the closest camera shop is about a two hour drive. I often stop at a Ritz in a one particular mall to check out things. Although I have purchased a camera, lenses etc from them in the past, I would most likely not purchase there in the future. My experience has seen overpriced equipment, salespeople who push Nikon equipment, salespeople who don’t know about and can’t answer questions about the cameras/lenses on the shelves. However, I am disappointed that the new Canon gear will not be in the Ritz stores for me to look at.
Ritz is not going out of business. Where do you get your news from??
So wouldn’t buy from there again but still want to be able to try equipment before ordering online? You can’t have it both ways, and it seems rude to waste a salesperson’s time with no intention to purchase.
Ritz/Wolf filed bankruptcy. They closed a bunch of stores. It apparently wasn’t enough, as they’ve closed more in my area in a second round. This Canon update is clearly tied to the bankruptcy proceedings – I’m sure Canon sent stock to Ritz/Wolf on terms, and Ritz/Wolf couldn’t meet the terms. Bankruptcy means the terms get re-written at the judge’s instruction, but there’s not much the judge can do to require Canon to provide more product just yet.
Ritz/Wolf may tend to be pricey, but usually at products’ first release they’re at standard street price and that’s when I buy from them. 10 months no interest means I can pick up a new camera about 10 months earlier than if I save up and buy, especially if it’s hot enough for the price not to drop quickly. So much for my next camera getting ordered tomorrow.
We went through this in our town with music stores. Everyone was buying online, an it put all the music stores out of business. For at least 2 years we were forced to buy online and not even see ANY merchandise beforehand. Finally we got a couple new stores and they are thriving, they are however more inline with their web prcing.
It would really suck to not have a camera store in town at all, and we only have the one Ritz.
I just stopped by a Wolf camera store to have them look at a Canon lens that needs repaired (didn’t take my camera body with me). The guy says “Oh well before we send them in for repair, we like to check them out with a camera. I said, ok, and started to step over toward the counter. He said, well we don’t carry Canon anymore, so I can’t test it. was completely shocked, I hadn’t heard of this. I asked him why and he said that Canon had “pulled an Apple” and was now only going to sell Canon products in Canon stores. He indicated they pulled all their Canon stock about two weeks ago.
So basically this guy lied to me then? Canon is still selling their products elsewhere, just not at Wolf/Ritz stores? Ugh. I have a gift card I need to use (can’t let it go to waste!), but after I use that, I think I’ll be avoiding them altogether. That’s just wrong.
most of us who read this site often are people who realize that we can get better pricing on the web vs going into most stores anymore. Yes, Ritz/Wolf camera prices can be higher than the web. Most of the customer base for Ritz is imaging services that are better than most of the other drug store chains. and if cameras are being sold, they are to the non-professional. They give out free classes with the camera sales to help camera beginners take at least decent pictures. all of the ‘pro’ people should just chill out and let it go. It’s so easy to pick on ‘big-box’ stores and say they suck. you don’t need the help that Ritz can offer to those who do need it.
I’m a former employee of Ritz Camera.
I was ‘laid off’ when 4 of 5 stores in my area closed down. There was some missing merchandise in the store I worked, and since I owned a couple of the items that were missing, I was questioned about stealing said items. That’s how Ritz treats their employees.
Now, about how they treat customers. They push crappy products (Quantaray, Digital Concepts, etc.) on customers that probably don’t know the difference, but would appreciate the increased quality. They raise their prices substantially over the competition (B&H, Adorama, Best Buy, etc.). They push their ESP service policy on customers with the promise of fixing or replacing the camera at no cost to the customer should anything happen to it, but they fail to mention that a repair or replacement takes a MINIMUM 6-8 weeks and often times, the customer has to call and have the employees harass the customer service department about the status of the replacement camera should the repair department deem the camera an uneconomical repair. I know this because I sent a Canon SD750 off after I dropped it in a pool and it took 15 weeks to come back to me. What did they send me? A Canon SD750 that had 3 significant surface scratches on the front and several scratches on the LCD. I saw them do similar things to other customers, in which case I swapped the camera out for a brand new one in store and wrote the provided camera off as defective. They sell returned cameras at full price (usually more than the competition). They sell their Quantaray filters at a higher price than most B+W, Tiffen and Cokin counterparts.
David Ritz filed for bankruptcy under Ritz Camera Centers, but somehow came up with the funds to purchase Ritz Camera Centers out of bankruptcy under the new company Ritz Camera & Image. Oh, and he also parks his new yacht in the Charleston, SC harbor where I live.
So, Canon pulled their equipment agreement so they wouldn’t get screwed again. Ritz recalled ALL Nikon equipment, sent it back to Nikon and repurchased it to keep Nikon gear in their stores. As for Canon, they just let the bankruptcy bail them out of the 20+ million dollars they owed them.
Some company. I don’t care if they go out of business or not. David Ritz allows poor purchases of football-shaped webcams, colorful crap cameras that he thinks will be all the rage, laptops, televisions and MP3 players. He’s like the flea market of camera dealers. He doesn’t deserve to have a thriving company.
There are more stores slated to close after January 1, also.
I’ll never spend a dime at a Ritz Camera again and I advise all of you to do the same. Use B&H, Adorama, KEH, eBay, whatever you can to avoid Ritz Camera. They care very little for their customers and even less for their employees.
when the internet kills off retail, you gotta try something.
I worked at Ritz too. While I liked the job and the people, Matthew’s comment is dead on (though I never had issues with management like he mentioned).
Canon pulled out in August or so. Right after the bankruptcy. I’m pretty sure they just didn’t want to get hosed again.
I think it’s more than just the internet killing off retail. Ritz Camera has a .com just like other businesses so it’s their own fault that they aren’t succeeding. Their high prices and sketchy business tactics are what are doing them in.
As for the Canon stuff, they may be making another deal with Ritz. There is rumor that Canon and Ritz will have an agreement after the completion of the Ritz Camera & Image acquisition of Ritz Camera Centers.
However, I bet this time around, Canon will be a little more cautious.
Canon is looking at a single brand retail strategy.
The guy didn’t necessarily lie to you, but that doesn’t mean he was accurate in what he said.
Canon has not and will not extend a new dealer contract to Ritz at this time. Canon also has not and will not renew or change terms on a variety of dealer contracts to some of the third party distributors whose previous contracts came up for renewal or expired after July 2009. Allegedly two of these third party companies were looked at by Ritz as suppliers before Canon left them out to dry as well.
Until Canon makes up its mind over the single brand retail strategy they want to manage the long term competition agreements to these possible stores. Besides, anyone that signs a new agreement will get second rate access to inventory as Canon wants to cater to B&H, Calumet, and Best Buy as they are such high volume dealers.
So you can definitely find Canon gear at places, but that number is slowly contracting in the event that Canon goes single brand.
You don’t get the accurate picture from Ritz employees because Ritz hasn’t shared, informed, or educated any of the staff about the situation.
As for Ritz as a business. It all depends on the store. The company is privately held and reflects the ego of David Ritz. The idea is to make money for David at all costs. If you go into a store that doesn’t have knowledge or only pushes the cheap crap put then that store is probably closed.
But you would be amazed at how many people go into those stores on a daily basis and want a filter for $10.00, find $40.00 for a tripod to be too much, and want to buy batteries for a SLR for $15.00.
As for the treatment of employees.. Yep, its a corporation…
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I sure have been selling a lot of Nikon d5000’s! like hot cakes! I will sell enough nikon d5000’s this month to keep Ritz alive! The only thing I miss canon for is the powershots! when I did have canon in my store I sold 10 nikon slr cameras for every canon slr! I guess canon should come up with a better kit lens!
Justin,
The D5000 is a really good-selling camera. Probably one of Nikon’s best. I sold a ton of them when I worked at Ritz as well. I think it has less to do with Canon’s kit lens and more to do with the fact that Nikon has priced their cameras slightly more competitively and also offering the in-camera help guides. Not to mention Ritz and Nikon’s long-time “partnership” where Ritz advertised in-store for Nikon with large signs, upright displays and package deals with Nikon that included multiple lenses, bags and accessories at a seemingly fair price. Canon never got any of e , but then again they probably never negotiated that part of it and just let it go so it’s possibly more their fault than it is Ritz’s.
I used to work for Wolf when it was owned by Chuck Wolf nad we were a real camera store. When it went bankrupt and David Ritz took its reputation down the crapper he also took along the morale of the “real” photographers that worked there. To say that the CLERKS that work in a Ritz owned store are photographers is like saying people that work at Build-A-Bear are professional stuffed animal manufacturers. I’m glad I blew that dump and am laughing my ass off that Ritz is losing his shirt. I do feel for the employees, however. Get out now. It’s not goung to get better. Two years from now there will not be a Wolf Camera or a Ritz.
Ritz camera is a good place to work for. As for service and knowledge I think it depends on who helps you when you walk in, because there are salespeople and lab people. . we strive to make sure everyone gets the best help possible. . as for canon. . it will come back soon, but is definitely not vital for Ritz to survive. . canon is a good brand but there is better stuff out there for less money. . .also there is always going to be someone that sees a price on the internet cheaper than retail all the time. . but as a retail stand point a customer will always get the best price locally and help with the item they purchased. . something they wont get online! All the stores that needed to close did. . there are only good stores now. its a new company and the future is bright. . .people that were let go and the stores that closed needed to do so for a reason. . kinda like when ur hungry you need to eat. .
WOLF CAMERA DOES NOT DO PRICE MATCHING! Wolf camera lied to me too about the price matching! They are the biggest scam artists around and I will never shop at that rip off joint ever again! They told me that they can do price matching, and when I found a Nikon D5000 online at B&H for $686.95 with shipping and tax included they later told me that they couldn’t match there price, so I ordered it through B&H. Wolf lost the deal. Never shop at these stores they jack up their prices on everything and say they are having a sale but your still paying more than alot of these other places! If you need a great camera, B&H is the only way to go. They beat everyone hands down. Also NO Shipping or Taxes if you live out of state.
Do you live in New York?
I have yet to find a major chain that does not directly operate a .com operation in concert with their stores that match websites.
Fixed overhead is about 17% more for physical retailers than .coms
Having a physical retailer not match an out of state internet price doesn’t seem like a scam to me…
But then again, I seem to live in a part of the country where the customers aren’t tossers and the stores have decent staff…
You must be in a very small crowd!
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David,
Everything is cheaper online DUH… that shirt your wearing i could have found it cheaper online, that keyboard your typing on i could have found it cheaper online that’s the fact here. online there is little to no overhead and that why its cheaper. however buying things in store keeps our economy going so suck it up and shop in stores. Ritz will match any local competitors price without issue… also they can order top-of-the line gear. no canon for now, that’s canon’s trip though…
hey Ritz Camera and Ritz Camera.com are two completely separate beings. Did you ever wonder why you do not have to pay state tax online? It’s because they are not physical stores residing in a STATE. What happens when all of our retail stores go out and the only way to buy is online? What if you wanted to go hold a camera and see how it feels to you before you lay out a grand. Something wrong with what you got shipped? Well I hope you can understand thick accents and like to be put on hold, treated like you know nothing, and most likely hung up on cause that person on the other line will still get paid over there in India if he pisses you off or not. Come into a retail store, talk to someone face to face and, if it were me, I would do everything in my power to help you out and get you going again. I love my retail job mostly because of how I get to teach people and get them what they need. This is also the reason most people in this company are trained to sell sell sell, I hate that tactic but the internet is going to end us. You probably won’t read this Matthew, but I was going through this feed and for some reason felt like venting on your post… Corporate America though, is all about money money, but if our economy and jobs are ever going to come back, we need retail!
woah… better out there than Canon? I hope you are only referring to Nikon… I work for Ritz and they say that the new spelling for Canon is, S-O-N-Y. Oh hell no. Sony cameras are spelled C-R-A-P, look it up. Nikon and Canon are top two, and you cannot go wrong with either. Something for the dog to chew up or a paperweight,… better be Sony.