Wolf Camera closing in Hinsdale, across U.S.
Ritz Camera & Image LLC, parent company of Wolf Camera, is liquidating its assets and closing its chain of 137 stores, including this one in Gateway Square in Hinsdale. | Kimberly Fornek—Sun-Times Media
Updated: October 21, 2012 1:16PM
HINSDALE — The Wolf Camera shop in Gateway Square in Hinsdale is closing, as the company reportedly liquidates its stores across the country.
“All Wolf Camera and Ritz stores are closing because of the liquidation,” said Brian Good, manager of the Wolf store, at 777 N. York Road.
The Hinsdale store is not printing any more 4-by-6 inch, 5-by-7 inch or 8-by-10 inch photos, nor is it able to print any photos on glossy paper.
The store is selling its inventory for up to 40 percent off the regular price.
Good said the store probably will close in four to six weeks.
Wolf’s parent company, Ritz Camera & Image LLC, filed for bankruptcy in June.
Ritz held an auction last week to either sell the company or sell the right to liquidate its stores. Bloomberg News reported a partnership of two liquidation companies won the auction.
“We didn’t find the people who were willing to put in what was needed to keep the company sustainable,” Good said.
Good has heard rumors that some of Wolf’s competitors are interested in taking over specific locations, but he doesn’t know if that is true. There are about 137 Ritz and Wolf camera stores nationwide.
“Our printing business made us a profitable store,” Good said, but the company as a whole could not sustain itself, he said.
The state will send workers to Wolf to help the employees in their job search and apply for unemployment, said Good, who has worked for the company since 2007.
“Our corporate office said we should contact the state,” Good said.