Ritz Camera net loss shrinks to $9.84 million in April; sales rise

By Caroline Salls

Pittsburgh, May 21 - Ritz Camera Centers, Inc. reported a $9.84 million net loss for April on $79.64 million in total sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The April figures showed improvement over the $13.98 million net loss posted for the period of Feb. 22 to March 31 on $55.29 million in total sales.

The company had $3.22 million in cash and cash equivalents at April 30, compared with $3.63 million at the end of March.

Ritz, a Beltsville, Md.-based specialty camera and image chain, filed for bankruptcy on Feb. 22. Its Chapter 11 case number is 09-10617.

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