Fry’s Electronics has gone out of business.
“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. … 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,” it stated on its website.
“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.”
It said it began the wind-down today, Wednesday. “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.”
It said it was reaching out to customers with repairs and consignment vendors to help them understand what this will mean for them and the proposed next steps.
One veteran engineering told Radio World, “These guys were a great alternative to RadioShack, especially out west! A shame to see them go.”