Boaters' World

JGomber · Post by **JGomber** » Mar 4th, '09, 09:44

For all interested, Ritz Camera, the owner of Boaters' World, has announced that BW will be liquidated. There are no plans to reorganize the chain.

Bruce · Post by **Bruce** » Mar 4th, '09, 11:10

Not surprising. It didn't produce great numbers when times were good.

It might be interesting to find out about the liquidation because the buying power of this group could produce some real bargins possibly.

Charlie · Post by **Charlie** » Mar 4th, '09, 12:21

Hi Jerry. You requested my email and I PM ed you. Anything you need?
Charlie

IRGuy · Post by **IRGuy** » Mar 4th, '09, 15:58

According to the link below, Ritz Camera, owner of Boater's World, is filing for bankruptcy protection and hopes to reorganize. Knowing the state of the economy in general and the boating business, I suspect a successful reorganization is not likely.

http://www.reuters.com/article/marketsN ... 4320090223

JGomber · Post by **JGomber** » Mar 5th, '09, 09:15

If you look close, you'll see that the BW business wasn't the big drag on profits. The debt to some of the camera/optics makers was pretty steep.
Watch for deals in the BW ads when the clear out.

mike ohlstein · Post by **mike ohlstein** » Mar 5th, '09, 10:09

We should approach them about selling us 20,000 feet of 5/8 twisted line and 1000 gallons of Rotella......

randall · Post by **randall** » Mar 5th, '09, 10:14

are we going to keep it at my house?

not that i mind....mind you

mike ohlstein · Post by **mike ohlstein** » Mar 5th, '09, 13:19

You bet.....

We'll have a warehouse and distribution party at your place.

randall · Post by **randall** » Mar 5th, '09, 13:27

cool....i have this big silver storage container.....i can make room.

In Memory Walter K · Post by **In Memory Walter K** » Mar 5th, '09, 17:25

You guys make me laugh.

bertram31.com

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