Calumet photo closes due to bankrupt? Is Adorama and B&H next?

9 years 11 months ago #370229 by Scott Klubeck
I'm shocked!  After 75 years, doors closed and game over.  Retailers must be feeling the squeeze of the economy and huge retailers like Amazon.  I remember reading an article last year that showed B&H had 30% reduction in sales last year.  Could Adorama or B&H be the next to close shop?  

Source:  
www.scpr.org/news/2014/03/13/42781/calum...te-closing-bankrupt/


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9 years 11 months ago #370231 by KCook
Adorama plays it both ways, they sell a lot on Amazon.  Dunno about B&H.

Canon 50D, Olympus PL2
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9 years 11 months ago #370233 by Scott Klubeck
Sad to see Calumet go!


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9 years 11 months ago #370249 by Tim Dordeck
I didn't know that about B&H!  And they are the larger of the two (Adorama).   Just shows times are changing and only the strong survive.  I could hardly imagine B&H or Adorama closing doors.  That would be really bad.  


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9 years 11 months ago #370293 by Luca
That's a shame


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9 years 11 months ago #370299 by effron
I don't think either Adorama or B&H are in any trouble......

Why so serious?
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9 years 11 months ago #370423 by Paris Gal
Wasn't Calumet more of a brick and mortar company vs Adorama and B&H are stronger online? 

5D mark II gripped | Canon 100L | Canon 85 1.8 | Sigma 50 1.4 | Tamron 28-75 2.8 | 580ex II | 430ex II x 2 |
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9 years 11 months ago #370597 by Sawyer

effron wrote: I don't think either Adorama or B&H are in any trouble......



If that 30% number above has any merit, then I would say they do.  No company with narrow profit margins can sustain that sort of losses year after year.   

Canon 5D Mark II | Canon 70-200mm f/2.8L IS USM | Canon 35L | Sigma 85 1.4 | Helios 44M-6 58mm(M42) | Zeiss 50mm 1.4 (C/Y) | Canon 135L | (2) 430EX II
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9 years 11 months ago #370699 by Vahrenkamp
Cream rises to the top gentleman 


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9 years 11 months ago #370789 by effron

Sawyer wrote:

effron wrote: I don't think either Adorama or B&H are in any trouble......



If that 30% number above has any merit, then I would say they do.  No company with narrow profit margins can sustain that sort of losses year after year.   


The OP states he "remembers" an article saying a 30% drop in sales? Where is that? I don't believe their "profits" are down by that much.....

Why so serious?
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9 years 11 months ago #370941 by ShutterPal
Oh man, Adorama and B&H isn't going anywhere.  


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