After nearly 36 years in business as the one-stop-shop and online resource for high-tech professionals across nine states and 31 stores, Fry’s Electronics, Inc. (“Fry’s” or “Company”), has made the difficult decision to shut down its operations and close its business permanently as a result of changes in the retail industry and the challenges posed by the Covid-19 pandemic. The Company will implement the shut down through an orderly wind down process that it believes will be in the best interests of the Company, its creditors, and other stakeholders.
The Company ceased regular operations and began the wind-down process on February 24, 2021. It is hoped that undertaking the wind-down through this orderly process will reduce costs, avoid additional liabilities, minimize the impact on our customers, vendors, landlords and associates, and maximize the value of the Company’s assets for its creditors and other stakeholders.
The full statement from the company below.
“After nearly 36 years in business as the one-stop-shop and online resource for high-tech professionals across nine states and 31 stores, Fry’s Electronics, Inc. (“Fry’s” or “Company”), has made the difficult decision to shut down its operations and close its business permanently as a result of changes in the retail industry and the challenges posed by the COVID-19 pandemic. The Company will implement the shut down through an orderly wind down process that it believes will be in the best interests of the Company, its creditors, and other stakeholders.
“The Company ceased regular operations and began the wind-down process on February 24, 2021. It is hoped that undertaking the wind-down through this orderly process will reduce costs, avoid additional liabilities, minimize the impact on our customers, vendors, landlords and associates, and maximize the value of the Company’s assets for its creditors and other stakeholders.
Fryâs Electronics, a big box retail icon of the California suburbs, has confirmed that, all of the brandâs remaining stores have âceased regular operationsâ as of last night. The storesâknown as much for elaborate, themed decor as for the computer and tech equipment they sold alongside an eclectic mix of âas seen on TVâ-type goodsâhad struggled for years. But it was the pandemic, the company says, that ultimately sealed Fryâsâ fate.
âAfter nearly 36 years in business as the one-stop-shop and online resource for high-tech professionals across nine states and 31 stores, Fryâs Electronics, Inc. has made the difficult decision to shut down its operations and close its business permanently as a result of changes in the retail industry and the challenges posed by the COVID-19 pandemic,â an official statement from the company says.
Bay Briefing: We can t stay silent anymore
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Members of a volunteer patrol walk through Chinatown in San Francisco.Lea Suzuki / The Chronicle
Good morning, Bay Area. It’s Thursday, Feb. 25, and three counties are cutting off vaccine supply to a concierge medical service accused of letting people skip the line. Here’s what you need to know to start your day.
‘This is a level I haven’t seen in my lifetime’
Wylie Wong, a writer in San Jose, encountered a man repeatedly singing racist comments in front of him while he was shopping. Filipino nurse Kyle Navarro said a man spat in his direction and yelled a racial slur when he was locking up his bike outside a San Francisco post office. Judy Lee, who works for the city of San Francisco, was called a racist slur as she left a grocery store.
Fry s Electronics Officially Calls It Quits
After several years in which its once vibrant, quirky stores were filled with rows of empty shelves, and following several store closures around the Bay Area, Fry s Electronics has officially announced it s shutting down for good.
One of five remaining Bay Area locations of Fry s, an Egyptian-themed store in Campbell, shut its doors in November. And its once widespread presence in California and eight other states was notably faltering throughout 2020 following the closure of its Palo Alto store in December 2019, many customers complained on Twitter of the increasingly depressing aisles at other locations devoid of products. As The Verge reports, the company had switched to a consignment model in which vendors were only paid after Fry s had sold their products, leading to major inventory issues a sure sign that things were headed south.