One of Canada's iconic camera stores is in trouble
May 5, 2020 06:37:00 #
I have dealt with Henrys since the early 70's. They are now in financial difficulties, sad but its not unexpected in these times I guess.
https://www.thepeterboroughexaminer.com/news-story/9969537-camera-retailer-henry-s-says-it-doesn-t-have-24-million-it-owes-to-creditors/?fbclid=iwar2-mz2poj7rpvzmrtyeana990rvv8jpxgb5lqgn7wxsliku5hgkuef5o_o#.XrDJhyl2tPg.twitter
https://www.thepeterboroughexaminer.com/news-story/9969537-camera-retailer-henry-s-says-it-doesn-t-have-24-million-it-owes-to-creditors/?fbclid=iwar2-mz2poj7rpvzmrtyeana990rvv8jpxgb5lqgn7wxsliku5hgkuef5o_o#.XrDJhyl2tPg.twitter
May 5, 2020 06:42:29 #
steve49
Loc: massachusetts
Sad. There will be a lot of this in the months to come I am afraid. I hope that they can somehow recover.
May 5, 2020 06:54:49 #
LoisCroft
Loc: Jonesborough, Tennessee
That's very sad. I spent a lot of time in the downtown store with my dad.
May 5, 2020 07:01:11 #
May 5, 2020 07:08:44 #
John Sh
Loc: Toronto, Australia
One can't help but wonder how they are able to get so far in the red. Surely their accountants are duty bound to raise some alarms.
May 6, 2020 08:14:36 #
May 6, 2020 08:22:37 #
I am sure this will happen world-wide. The credit systems between wholesale and retail will need some rethinking once the Covid-19 is under control and businesses begin to reopen. I am sure retail space will be abundant as business expands online sales. Property owners will have to restructure their leases.
May 6, 2020 08:49:10 #
John Sh wrote:
One can't help but wonder how they are able to get so far in the red. Surely their accountants are duty bound to raise some alarms.
They only stated the debt, not the inventory or other intangibles. If their sales were strong, that much in payables is not unusual.
May 6, 2020 09:08:54 #
Woodsman wrote:
I have dealt with Henrys since the early 70's. They are now in financial difficulties, sad but its not unexpected in these times I guess.
https://www.thepeterboroughexaminer.com/news-story/9969537-camera-retailer-henry-s-says-it-doesn-t-have-24-million-it-owes-to-creditors/?fbclid=iwar2-mz2poj7rpvzmrtyeana990rvv8jpxgb5lqgn7wxsliku5hgkuef5o_o#.XrDJhyl2tPg.twitter
https://www.thepeterboroughexaminer.com/news-story/9969537-camera-retailer-henry-s-says-it-doesn-t-have-24-million-it-owes-to-creditors/?fbclid=iwar2-mz2poj7rpvzmrtyeana990rvv8jpxgb5lqgn7wxsliku5hgkuef5o_o#.XrDJhyl2tPg.twitter
I saw that yesterday. I do hope they can make it - it's the only store I go to for equipment and supplies.
May 6, 2020 11:15:40 #
We are also experiencing the same difficulties with the oldest camera store in Miami, Pitman Photo. Most recently they asked for help through donations.
If the pandemic preventive lockdown keeps on going on this camera store could be gone forever.
If the pandemic preventive lockdown keeps on going on this camera store could be gone forever.
May 6, 2020 12:45:45 #
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