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Fry’s Electronics Goes Out Of Business Overnight

Fry’s Electronics Goes Out Of Business Overnight

Retail Bum
Fry's Electronics Goes Out Of Business Overnight

Fry’s Electronics shuttered all of its 31 stores across nine U.S. states overnight, putting an end to a nearly four-decade run.

The company said that it made the difficult decision to permanently close its operations and business as it struggled with the impact of the ongoing COVID-19 pandemic and its impact on consumer shopping habits.

The San Jose-based company was founded in 1985 by three Fry brothers who aimed to position the store as a one-stop-shop for hi-tech professionals in Silicon Valley, according to CNN.

“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,” Fry’s noted on its website.

The electronics store chain made a name for itself for its eccentric store themes. The company’s Phoenix, Arizona location, for example, looked like an ancient Aztec temple, while its Burbank, California location was reportedly inspired by 1950s sci-fi movies and featured a UFO ship crashing through the exterior.

The retailer is one of the several electronic stores that have struggled to innovate and stay relevant over the course of the last few years. Other big chains, such as Best Buy, meanwhile, have continued to flourish.

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