Chicago-based Calumet Photographic closes U.S. stores
Calumet Photographic announced today on Facebook that the company is closing all of its U.S. stores and has filed for Chapter 7 bankruptcy, effective immediately. According to the statement, posted below, European branches will continue to operate. Calumet’s website and Twitter account are no longer available.
Posted on Calumet’s Facebook page:
'After 75 years of business it is with a heavy heart that we announce our immediate closing in the United States (our European stores will continue). It has been a joy to share our passion for photography with you all of these years. We'll miss each other and we'll miss all of our customers. Thank you for everything.'
Headquartered in Chicago, USA Calumet began life in 1939 as Calumet Manufacturing Company, a sporting goods store that also sold cameras from time to time and, over the decades, grew into a full service photographic retail and photofinishing chain. In 2012, after Metro DC-based Penn Camera filed for bankruptcy and closed 5 of its 8 stores, Calumet acquired the remaining three.
According to Chicago Tribune the Chapter 7 filing lists between $50-$100 million in assets and $10-$50 million in liabilities.
With the website and Twitter accounts down and customer reports of unanswered phones, it’s currently unknown what will happen to orders and rental gear.
What do you make of this news? Have your say in the comments.
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