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Boaters' World
Posted: Mar 4th, '09, 09:44
by JGomber
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.
Posted: Mar 4th, '09, 11:10
by Bruce
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.
Posted: Mar 4th, '09, 12:21
by Charlie
Hi Jerry. You requested my email and I PM ed you. Anything you need?
Charlie
Posted: Mar 4th, '09, 15:58
by IRGuy
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
Posted: Mar 5th, '09, 09:15
by JGomber
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.
Posted: Mar 5th, '09, 10:09
by mike ohlstein
We should approach them about selling us 20,000 feet of 5/8 twisted line and 1000 gallons of Rotella......
Posted: Mar 5th, '09, 10:14
by randall
are we going to keep it at my house?
not that i mind....mind you
Posted: Mar 5th, '09, 13:19
by mike ohlstein
You bet.....
We'll have a warehouse and distribution party at your place.
Posted: Mar 5th, '09, 13:27
by randall
cool....i have this big silver storage container.....i can make room.
Posted: Mar 5th, '09, 17:25
by In Memory Walter K
You guys make me laugh.