consumer products: February 2009 Archives

Ritz Camera bankruptcy

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Ritz Camera, the nation's largest camera and imaging chain, filed Chapter 11 bankruptcy due to the recession and digital photography trends. Ritz, which owns Wolf Camera and other sub-brands, had a difficult holiday season and increased pressure from creditors. The company hopes to keep operating during its restructuring.

Old and local stores, February edition

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The economic downturn is hitting local stores especially hard. Saddest among those affected are the decades-old establishments, many involved in housing and home goods, suddenly facing bankruptcy or liquidation.

Some recent changes of note:

Dollar General expanding

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Some good news: discount retailer Dollar General is accelerating store openings following a robust fourth quarter. The company is America's largest discounter in terms of number of doors, with more than 8,300 outlets. Dollar General is planning a robust 450-door expansion plan for 2009 and is remodeling hundreds of existing stores.

Rayovac, Remington manufacturer in bankruptcy

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Spectrum Brands, a consumer products manufacturer, filed for bankruptcy amid a heavy debt load earlier this week. Spectrum, which manufactures Rayovac batteries, Remington shavers and a variety of household and pet products, is working on efficiencies that will strengthen the company after its filing. Continuing operations are expected.

Snyders Drug

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In Minnesota, the Snyders Drug chain is becoming "smaller but stronger" with the closing of 19 stores. The regional chain, which dates to 1928 in Minneapolis, operated 47 stores before the announcement. Snyders successfully emerged from a 2003 bankruptcy filing but is suffering from a rapid CVS expansion.

Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. By David Wertheimer. Did I miss something? Drop me a line.

About this Archive

This page is a archive of entries in the consumer products category from February 2009.

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