Fry’s Electronics suddenly ceased operations

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The company, which had 31 stores in nine US states, said in a statement on its website that it “has made the difficult decision to shut down operations and shut down permanently” because of changing shopping habits. consumer purchasing and the current Covid-19 pandemic. .

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

“It is hoped that implementing the phase-out 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. business for its creditors and other stakeholders, ”Fry’s explained on its website.

Other details of his sudden disappearance were scarce.

Many of his stores had wacky themes. For example, its location in Burbank was inspired by 1950s sci-fi films and a UFO decoration crashed outside the store. Its location in Phoenix, Arizona had an ancient Aztec temple, and its Houston, Texas store was inspired by the state’s oil history.

The retailer hasn’t innovated its online operations as quickly as its bigger competitors. Best buy (BBY), for example, recently posted its best quarter in 25 years as home customers purchased laptops, home theater systems and kitchen appliances.

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