CPI Corp., founded in 1979, was a prominent player in the portrait photography industry. Headquartered in St. Louis, Missouri, the company operated approximately 3,100 photography locations, primarily within Sears and Wal-Mart stores, establishing itself as the leading portrait studio operator in North America. However, despite its industry leadership, CPI Corp. faced a downturn and ultimately filed for Chapter 7 bankruptcy in April 2013. This event marked a significant shift in the company's trajectory and raised questions about its previous market dominance and competitive sustainability. The bankruptcy filing underscored the challenges faced by the company within the rapidly evolving photography and retail landscape, shedding light on the need for agility and innovation in adapting to changing consumer preferences and market dynamics.
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