Fry’s Electronics said overnight on its website that it is shutting down, after more than two years of fielding questions about whether it was going out of business as store inventory fell dramatically.
The retailer, founded in 1985 during the height of an era of new big box chain formations, said it “ceased regular operations and began the wind-down process” on Wednesday.
Fry’s said it “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 said it’s contacting customers with repairs to arrange for pickup. Merchandise is also being returned to vendors that operated with Fry’s the last couple of years on a consignment basis, the retailer said. Since 2019, its inventory of electronics continued to dwindle, and many shelves were instead filled with snack foods, office supplies and cleaning products.
The Sunnyvale, Calif.-based company has been shrinking operations for years, but as of this week, it still operated three local stores in Dallas, Plano and Irving. In 1996, Fry’s purchased six Incredible Universe stores from Fort Worth-based Tandy Corp., which operated RadioShack and another defunct supercenter concept, Computer City.
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SOURCE: The Dallas Morning News, Maria Halkias