Fry’s Electronics suddenly closed

The company, which had 31 stores in nine U.S. states, said in a statement on its website that it “made the difficult decision to close its operations and close its business permanently” due to changing consumer buying habits and the continuing pandemic of Covid-19 .

Headquartered in San Jose, California, the privately held company was a family owned company. It was founded in 1985 by the three Fry brothers with the aim of being a “Silicon Valley electronics retail store to provide a unique shopping environment for the high-tech professional”.

“We expect that liquidating through this orderly process will reduce costs, avoid additional liabilities, minimize the impact on our customers, suppliers, owners and associates and maximize the value of the company’s assets to its creditors and other stakeholders,” Fry is explained on your website.

Other details about his sudden disappearance were scarce.

Many of its retail locations had crazy themes. For example, its location in Burbank was inspired by the sci-fi films of the 1950s and had UFO decorations breaking outside the store. Its location in Phoenix, Arizona, had an old Aztec temple and its store in Houston, Texas, was inspired by the state’s oil history.

The retailer did not innovate its online operations as quickly compared to its larger rivals. Best buy (BBY), for example, recently reported its best quarter in 25 years, when home customers bought laptops, home theater systems and appliances.

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