Showing posts with label store credit. Show all posts
Showing posts with label store credit. Show all posts

Monday, May 19, 2014

C&A moving Calumet Photographic forward, though not without bumps

Calumet Photographic Logo, courtesy of Calumet Photographic
As reported last week, New Jersey based photography retailer, C&A Marketing Inc, which purchased some of Calumet Photographic's assets and debt, opened the Oak Brook Calumet Photographic store last Sunday, May 11th.

The opening was generally well received with customers noting many of the old Oak Brook staff had been rehired by C&A to run the store.

Customers reported to me that the store had Pocket Wizard, Sekonic, Gitzo, Manfrotto, Calumet, Quantum, Nikon, Canon, as part of a large variety of name brand products, in the store for the opening. Some customers said they were disappointed that many higher end products, for sale mainly to professionals and enthusiasts, were not in stock, such as Nikon professional bodies and lenses.

Friday, May 2, 2014

Calumet Photographic acquired by C&A Marketing Inc.

Calumet Photographic Logo, courtesy of Calumet Photographic
The Calumet acquisition decision has been made by the US Bankruptcy Court of the Northern District of Illinois.

New Jersey company, C&A Marketing Inc. outbid the proposal of CalPhotoUS, owned by former principals of Calumet, purchasing some assets and debt of the former Calumet Photographic for just under $4 million. The purchase includes the option to open five of the former chain's 14 stores. CalPhoto had offered $2.825 million for the remnants of the chain.

Chaim Pikarski, executive vice president of C&A Marketing Inc. said they would decide soon how many, if any, of the old Calumet stores, they would reopen, and if they would move any of the stores to new locations.

Thursday, May 1, 2014

Calumet Photographic bankruptcy update: Next date for motions scheduled for May 13th

Calumet Photographic Logo, courtesy of Calumet Photographic
I've been reporting on Calumet Photographic's bankruptcy for some time now.

On March 12th Calumet Photographic, the US based photography store chain filed for Chapter 7 Bankruptcy and closed all their US locations. The Calumet stores in the United Kingdom, and elsewhere in Europe, being financially separate entities from the US company, were unaffected by the US bankruptcy.

Many US Calumet customers, caught by surprise by the bankruptcy, were holding photography gear rented from the company, unable to return it, prepaid orders, and store credits, gift cards, etc.

Thursday, April 17, 2014

Calumet Photographic bankruptcy update: Aquisition decision expected on April 29th

Calumet Photographic Logo, courtesy of Calumet Photographic
I've been reporting on Calumet Photographic's bankruptcy for some time now. Let's review what's happened so far.

On March 12th Calumet Photographic, the US based photography store chain filed for Chapter 7 Bankruptcy and closed all their US locations. The Calumet stores in the United Kingdom, and elsewhere in Europe, being financially separate entities from the US company, were unaffected by the US bankruptcy.

Many US Calumet customers, caught by surprise by the bankruptcy, were holding photography gear rented from the company, unable to return it, prepaid orders, and store credits.

Tuesday, April 15, 2014

Calumet Photographic bankruptcy update: There is hope for Calumet customers!

Calumet Photographic Logo, courtesy of Calumet Photographic
I've been reporting on Calumet Photographic's bankruptcy for some time now. For the first time, for at least some customers of the defunct company, there may good news about your store credits, and prepaid orders, however, don't jump for joy quite yet.

Let's review what's happened so far. On March 12th Calumet Photographic, the US based photography store chain filed for Chapter 7 Bankruptcy and closed all their US locations. The Calumet stores in the United Kingdom, and elsewhere in Europe, being financially separate entities from the US company, were unaffected by the US bankruptcy.

Many US Calumet customers, caught by surprise by the bankruptcy, were holding photography gear rented from the company, unable to return it, prepaid orders, and store credits.