After 36 years of serving the consumer electronics sector, Fry’s Electronics is shutting its doors for good. Fry’s has a footprint in nine states across the US and operates 31 stores. The news broke late Tuesday evening via Bay Area TV station, KRON-4. The frys.com website currently opens with a message further explaining the company’s decision citing “changes in the retail industry” and “challenges posed by the COVID-19 pandemic.” Fry’s has ceased regular operations and began “the wind-down process” today.
“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 message on the website reads.
The news didn’t exactly come as a shock, especially for those who have visited a Fry’s store in recent years. Several Twitter users shared their in-store experiences with photos showing alarmingly empty shelves, confirming that this day had been a long time coming. But according to a few rumors, anonymous sources, and Reddit posters, employees were not given the courtesy of a timely notice of their termination. Many said they had been suddenly “fired” and spent their last day of work shipping remaining merchandise back to suppliers.
Fry’s also spent no time removing their digital footprint. The only thing accessible on their website right now is the somber “goodbye” message, and all of their social media accounts have been deleted. Right now, the company seems to be closing up some last minute business before completely vanishing from existence.
“The Company is in the process of reaching out to its customers with repairs and consignment vendors to help them understand what this will mean for them and the proposed next steps,” the message goes on to read. “Please understand if we are a bit slow to respond given the large volume of questions. The Company appreciates your patience and support through this process.”
Jessica is the Chief Digital Editor for CT Lab Global Media, the North American platform for IFA Berlin.