Current Events > Frys to shutdown all operations tonight

(+) Yeah! (+)

https://twitter.com/bill0004/status/1364407906192424964?s=20

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Why?

Quick tell Reddit so they can buy millions of dollars in stock

Geez. That seems pretty abrupt.
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That's what they get for having their deals walk in only!

They have been essentially a zombie store for at least 2 years now. Surprised this didn't happen sooner.

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Kinda weird that the source is just a random store employee

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YellowSUV posted...

They have been essentially a zombie store for at least 2 years now. Surprised this didn't happen sooner.

Radio Shack trajectory?

littlebro07 posted...

Kinda weird that the source is just a random store employee

Also weird for an entire brick and mortar chain to close with no notice.

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Serious Cat posted...

Also weird for an entire brick and mortar chain to close with no notice.

Montgomery Ward did this at least twice

https://twitter.com/wario64/status/1364445914492854272?s=21

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What if you order something at 11:59?

Saw this coming. The shelves at Fry's in Austin have been bare AF. The store employees kept telling people they were just having logistics problems, but it had to be more than that.

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https://www.kron4.com/news/national/frys-electronics-permanently-closes-nationwide/

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RIP lots of memories there

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Never been.

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What_ posted...

What if you order something at 11:59?

An employee risking a paycheck bounce (very high risk, likely will happen) will be packing that order.

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Questionmarktarius posted...

Montgomery Ward did this at least twice

TIL

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I even forgot they existed

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Damn its done

Oh shit. I've been to the store that source is from and...it's bad. Bare shelves, no restocking, empty. It was bad even before the pandemic.

Never been there. No need with best buy, or newegg really.

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onedarksoul posted...

Never been there. No need with best buy, or newegg really.

Neither of those are replacements for Frys.

Damn. I really liked the ones in Dallas and Phoenix. Where I got parts for my first PC build.

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Houston area Fry's near nasa never restocked since 2019.

The store almost looks like an empty warehouse.

littlebro07 posted...

Kinda weird that the source is just a random store employee

@littlebro07

http://frys.com/

After nearly 36 years in business as the one-stop-shop and online resource for high-tech professionals across nine states and 31 stores, Frys Electronics, Inc. (Frys 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 Companys assets for its creditors and other stakeholders.

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.

If you have questions, please contact us using the following email addresses:

For customers who have equipment currently being repaired, please email [email protected], to arrange for return of your equipment.
For customers with items needing repair under a Performance Service Contract, please call (800) 811-1745.
For consignment vendors needing to pick up their consignment inventory at Frys locations, please email [email protected].

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.

Sincerely,

Frys Electronics

So according to my friend who worked there, when they closed up shop last night they told everyone on staff they were fired. No warning.