Riverside County residents learned earlier this year of Circuit City’s bankruptcy and store closings; now it appears that the stores that remain open may have one less brand of merchandise to sell — Polaroid. Back in February, Polaroid stopped producing it’s signature instant film cameras, and switched gears to focus on LCD TV’s, digital cameras, and other such electronics products. Now, the bankruptcy attorneys for Polaroid have begun the Chapter 11 bankruptcy process because Polaroid’s parent company, Petters Group Worldwide, is embroiled in a fraud investigation. Polaroid said that the bankruptcy reorganization will not impact day-to-day operations, and that Polaroid will likely be sold at the end of the process.
So fear not, Riverside County and San Bernardino County residents. It seems that, for the time being at least, you can still shop for Polaroid products this holiday season, whether at the Ontario Mills Mall, Victoria Gardens in Rancho Cucamonga, the Crossings in Corona, the Tyler Mall in RIverside, or at any of the many other Inland Empire shopping centers.
Polaroid filed for Chapter 11 bankruptcy previously in 2001.
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