In July 2003, Ritz Camera introduced Ritzpix.com,[6] which also offers customers online ordering and in-store pickup within an hour.
[6][8] In May 2006, Ritz Camera announced a partnership with YesVideo to start offering same day DVD Transfers in all stores nationwide.
)[13] In 2003, Amazon.com formed a sales alliance with Ritz Interactive, Inc., in a deal to broaden the online retail giant's selection of camera products and accessories.
The Irvine, Calif., company reported assets of about $809,000 and debts of $7.2 million in its bankruptcy petition, filed Friday with the U.S. Bankruptcy Court in Santa Ana, Calif. Court papers show Ritz Interactive’s executive committee of its board of directors deemed the Chapter 11 filing “in the best interests” of the company, its creditors and stakeholders.
Chief Restructuring Officer Marc Weinsweig cited the 2008 ongoing recession caused Ritz's 2008 holiday sales to be "materially lower" than a year earlier.
[15] On April 2, 2009, it announced the closure of more than 300 stores nationwide and the liquidation of its Boaters World subsidiary in an attempt to reorganize and emerge from bankruptcy.
The purchase agreement required approval of the bankruptcy court which was scheduled to hear the case on July 23.
[18] On June 22, 2012, Ritz Camera & Image filed for Chapter 11 bankruptcy protection again and closed 128 of its stores.
New Jersey–based camera distributors C&A Marketing have acquired the online RitzPix business and will operate a few of the retail locations across the country.
[20] On September 10, 2012, it was announced that all Ritz, Wolf and other associated subsidiaries would close by the end of October,[19] while a few would reopen under C&A Marketing alongside Ritzpix and RitzCamera.com on November 1, 2012,[21][2] and other stores were sold individually or in small groups to other retailers, including three locations to Calumet Photographic.